If you spend upwards of a thousand pounds to maintain your car each year you’re not alone. As owning a car in the United Kingdom can be a pricey exercise. Especially when you factor in all of the primary costs which are associated with using and maintaining a car. Examples of which may include paying for petrol, mechanics bills, auto insurance payments and parking costs. Kwik Fit has provided some detailed statistics on this, which we will go over below. If you’re interested in comparing your yearly auto expenses with the costs which are paid by motorists in other cities make sure to read on to find out about some of the priciest cities to operate a motor vehicle in.
The most expensive city to own a car:
To drive a car on a daily basis in Liverpool costs approximately four thousand pounds. A staggering figure which is higher than highly populated cities such as London, Manchester and Edinburgh. Keep in mind that in some parts of the United Kingdom such as Brighton, it only costs around two thousand pounds per year to maintain an average sized, average priced car.
Over 2000 thousand pounds of the four thousand pound figure which was stated above goes towards auto insurance. Which happens to be far more costly in Liverpool than in any other city in the UK. In most cities annual auto insurance will only cost you one thousand pounds.
London is another great example of a city which is pricey to drive a car in. Which is a reason why so many London residents rely on public transportation, such as the tube in order to get around. Especially as petrol prices in London are known for being exorbitant. Parking is also another factor which drives up the price of being a motorist in London and most London drivers pay around two hundred and forty six dollars a year in parking related costs. Which includes parking fines.
Lastly London isn’t car friendly as car owners are also made to pay steep vehicle tax. Although reductions in car taxes are offered for motorists who opt to drive modern hybrid cars or electric powered vehicles.
If you live in Edinburgh and don’t want to break the bank only use your car when you need it as petrol is highly priced throughout Edinburgh and a single tank of gas won’t get you very far.
While petrol is reasonably priced in Southampton, repairs aren’t. So if you happen to live in Southampton it’s well worth putting some money aside in an emergency fund for a rainy day. In case you find yourself needing to pay a large repair bill. On average Southampton drivers pay around one hundred and seventy eight dollars a year in repair costs.
If you don’t live in any of the cities which were listed above you can thank your lucky stars that you’re fortunate enough to live in a city where it’s reasonably affordable to own and drive a car. It’s shocking to learn how much motorists have to pay in London and Liverpool to run a car for a single year.