The average cost of running a car has soared by a whopping 20% since April 2010.
It now sets back the average Joe around £3,089 a year – that’s 21.2% more than it cost in April 2010.
And why the big difference? Well, need we say that there have been massive rises in petrol prices and hikes in insurance premiums that you just wouldn’t believe.
The average insurance premium has risen 30.7%, while fuel is now 22.9% more expensive and servicing your car 5.1% more costly.
Even the cost of MOT tests has risen, not to mention motoring taxes. Ben Tyte, the appropriately named head of motor insurance at Sainsbury’s Finance, said: ‘The cost of motoring has soared in recent months as all costs, but particularly fuel prices and insurance premiums, continue to rise.’
He added, sagely: ‘The cost of driving can be kept better in check by shopping around, particularly for fuel and car insurance.