Posted in Auto Insurance by Admin on November 17, 2009 No Comments yet
The average annual price of running a car is now £2,388 up from £2,100 in 2007, according to Sainsbury’s Finance.
The figure, which is based on the cost of insurance, fuel, servicing, MOT and tax, is up 2.68% since 2008.
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Car insurance has seen the most significant increase in price over the last year, rising nearly 14% since 2008 and 23% compared with 2007.
The second biggest increase has been tax, which has risen by 8% in the past year.
Ben Tyte, Sainsbury’s car insurance manager said: ‘While certain costs of running a car have fallen during the past year, compared to 2007, the cost of motoring has still increased fairly significantly with road taxes and insurance premiums both on the rise. <
Tags: Cost, Cost Motoring