High petrol prices could force drivers off the road

By Tom Farley, Tue 31 Jan 2012 - Published in Car Insurance

Rising petrol prices could discourage drivers from using their car as motorists reveal worries about increasing bills.

Car insurance company Hastings Direct found that 78 per cent of drivers were put off using their car by the rising cost of owning a vehicle. The company's survey also revealed that one in five (12 per cent) motorists would give up their car completely if petrol prices hit the Ł2 mark.

The average price for a tank of unleaded petrol currently stands at 134.38p per litre but it is a major hike compared to the beginning of the century when prices stood at 77p. Hastings' survey found that 74 per cent of people had decided to cut back on the amount of time they use their car in order to save money.

Tobias van der Meer, managing director of the company, said: "Taking the right actions, reducing mileage and driving safely, can help motorists cut the cost of their insurance and their fuel bills, but ultimately motorists cannot and will not be able to keep on paying higher and higher petrol prices."

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