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Drivers 'reluctant to ditch their motors'

By Tom Farley, Fri 8 Aug 2008 - Published in Car Insurance

Petrol prices would have to hit £1.75 a litre before motorists would consider ditching their cars in favour of public transport, new research has found.

A study by esure car insurance revealed 17 per cent of drivers would be prepared to shell out over £2 a litre for petrol and 47 per cent said they would never consider swapping their car for public transport, regardless of the cost.

Mike Pickard, head of risk and underwriting at esure car insurance, said: "British motorists are used to the convenience of driving their own cars and are clearly prepared to pay the price, however high."

The research also showed motorists in the south-east of England were prepared to pay the most for petrol, at an average of £1.84 a litre.

Meanwhile, in Scotland on average people said if prices reached £1.68 a litre they would start thinking about travelling by public transport.

Earlier this week, Moneyfacts claimed people would have coped better with the credit crunch if its effects had been more gradual.