Rising costs causing car insurance payment 'delays' by Finance News Bulletin

Published: 03/05/07

A figure of British drivers are opting out of paying for motor insurance, in part due to the escalating expenses of organization a carResearch from insurer Zurich shows that UK automobile owners currently spend an average of £1,77662 each year on costs such as vehicle tax, petroleum, parking and maintenanceAmounting to a not small outlay of £51 billion each year, almost a fifth of motorists have indicated that they as a result holdup paying insurance, road tax and parking fines as a result

A third of the respondents in a census also said they delay making MOT and vehicle duty payments, despite them being legal suppliesMark Searles, chief marketing officer at the group, said that rising costs had put drivers under rising financial pressure, suggesting that the most perturbing findings showed that "some drivers are risking their own and others' safety in a bid to put aside money"He added: "We need to change those attitudes and keep in mind that it is a legal requirement to

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