Young drivers insurance news
20/01/2009
Average weekly running costs for cars
The average running costs for most motorists who commute using a car are now almost £110 a week, with the cost substantially higher when young drivers car insurance is taken into account.
To run one car for one year, average households must consider an annual budget of almost £6000, according to a survey.
Based on an average commute of 17 miles, figures determined by Auto Trader magazine in the study show the average vehicle running costs total £108.84.
The Auto Trader survey found about 60 per cent of road users are now planning to downsize their vehicles and change driving habits to save money.
Matt Thompson, Auto Trader's marketing director, said, "The motorist's wallet is getting pummelled from all angles these days."
Depreciation is flagged as the highest cost at £61.21 per week. Fuel is the next highest at £35.55. Road tax is worked out to be £2.79 a week.
The average car insurance bill adds up to £9.21 a week - less than £500 a year. But young drivers car insurance tends to be more expensive so this pushes up the average car running costs to more than £120 a week.
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