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Rising fuel prices mean Britons could drive fewer cars and save money on car insurance, experts say

Soaring petrol prices have prompted millions of Brits to use their cars less.

But driving fewer miles isn’t the only way to get some much-needed cash back as the cost of living increases.

Gasoline prices continue to climb to record highs

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Gasoline prices continue to climb to record highsPhoto credit: Getty

There are actually several other easy ways to save money when it comes to your engine.

Something as simple as changing your insurance coverage or choosing an electric vehicle could make all the difference.

And if you’re one of the two-thirds of UK drivers who clock less than 7,000 miles a year, you can save big too.

James Blackham, CEO at Europe’s leading pay-by-mile insurer, of milessaid: “With the cost of living crisis underway, many motorists may be leaving their cars much more often to avoid the staggering prices at the pump.

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“One thing that is clear from the latest MOT data is that as a nation we are driving a lot less than before.

“The average UK driver now travels the equivalent of London to Aberdeen less than in pre-pandemic times.

“And we expect this decade-long trend to continue.”

With the average cost of a liter of petrol hitting 161.78p – compared to 125.4p a year ago – Blackman has revealed his top four tips for economy.

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1. Request an insurance refund

When the UK went into lockdown at the start of the pandemic, most people used their cars very little and some not at all.

Although it didn’t become mandatory, millions of motorists were then entitled to an insurance break or premium refund – and many are still entitled to some money back.

So it’s definitely worth checking with your provider to see if the bill applies to you, especially if you’re reducing your mileage by at least 1,000 miles a year.

Blackman said: “If you’re one of the 82 per cent of people who haven’t received a refund from their insurer during lockdown, call your insurer and ask them why.”

2. Pay per mile

Now, if you drive less than 7,000 miles a year, you can save with usage-based insurance.

This means you typically pay an upfront payment to cover the car while it’s parked, and then pennies a mile for what you actually drive.

It’s perfect for those who rarely get behind the wheel, and 51 per cent of drivers could save £303.64 by switching, according to Website Finder.

3. Go electric

As you travel shorter distances or take fewer trips, it can make financial – and environmental – payoff to switch to an electric vehicle.

Although insurance policies are usually a fraction higher, it means you don’t have to spend a lot at the pumps.

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4. Off-road your vehicle

And if you don’t use your vehicle at all, then it might be worth considering a legal off-road notification – or “SORN‘.

This means you tell the DVLA that your car will not be parked or used on public roads and save you from paying road tax.

https://www.thesun.ie/motors/8663517/save-money-car-insurance-petrol-prices/ Rising fuel prices mean Britons could drive fewer cars and save money on car insurance, experts say

Fry Electronics Team

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