Aussies are starting to shun green vehicles

The cost of vehicle ownership has grown sharply in recent years, with drivers having to fork out sizeable sums for fuel, maintenance and car insurance.

One way to lower your premiums is to buy a car that has a smaller engine. Insurers normally calculate the value of your policy by judging how likely you are to have an accident.

Of course, your maximum speed is limited if you have a vehicle with a less powerful engine and this will work in your favour when you are looking for affordable car insurance.

Having a more economical motor will also save you huge amounts of money on fuel in the long run, which is vital at a time when petrol prizes are sky high.

However, despite the obvious benefits, the Advertiser reports that many Aussies are cooling their interest in greener cars.

A study commissioned by insurer AAMI showed that people buying a new vehicle down under care less about its environmental impact than they did a year ago.

Company spokesman Reuben Aitchison said the rising cost of living may be forcing Aussies to avoid expensive new vehicles that have strong green credentials.

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