Average motoring costs up by 21%
08 June 2011
- Insurance up by 30.7%
- Fuel up by 22.9%
- Annual running costs up by 21.1%
Drivers are paying 21% more to run their cars than just a year ago, new research has found.
A Sainsbury's Finance study found that that the average motorist has suffered a £537 (21.1%) increase to their annual motoring budget.
On average we're paying £320.69 more on fuel, while insurance costs have risen by 30.7%.
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Cost of motoring
Item
Insurance
Fuel
Servicing
MoT
Tax
Total
Insurance
Fuel
Servicing
MoT
Tax
Total
Average cost 2010
£623.56
£1400
£301
£54
£173.07
£2551.63
£623.56
£1400
£301
£54
£173.07
£2551.63
Average cost 2011
£814.80
£1720.69
£317.25
£54.85
£181.92
£3089.51
£814.80
£1720.69
£317.25
£54.85
£181.92
£3089.51
Increase
30.7%
22.9%
5.4%
1.6%
5.1%
21.1%
30.7%
22.9%
5.4%
1.6%
5.1%
21.1%
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