Quantcast
Menu
Save, make, understand money

Insurance

Fuel prices keeping motorists off the road

Your Money
Written By:
Your Money
Posted:
Updated:
16/03/2006

Rising petrol prices led to a third of all UK motorists cutting back on their car journeys last year, a new report has claimed.

The report from motor insurer, More Than, found that More than a quarter (28%) of motorists blame UK tax for rising fuel prices.

The research also revealed that further fuel price increases would stop more motorists using their cars, and that 16% of people would consider an electric or hybrid vehicle if fuel prices continued to rise.

David Pitt, head of car insurance for More Than, said: “Rising fuel prices are having a real impact on motorists’ behaviour, to the extent that a significant number have already cut back on the number of journeys they make. If prices continue to escalate, motorists will tighten their purse-strings even further and we will no doubt see more considering different means of transport.”


Tags:
Share: