Car insurance policyholders to pay less to run motors

Mozo

Wednesday 20 July 2011

Aussies with car insurance policies may be pleased to learn that the cost of running vehicles has fallen by 1.6 per cent this year compared to 2010, according to a recent study.

Cars 'cheaper to run and own than they were last year'

The RACV's Driving Your Dollars survey found that the Suzuki Alto is the car of choice for those who want a light car but who cannot afford to pay too much, as it costs only $110.64 per week to own and run.

It is thought the decline in the overall cost of running a car is attributable to a slight drop in servicing expenses and the lower interest rates available on vehicle loans.

Michael Case, manager of vehicle engineering at RACV, commented: "It's important to look at the whole picture when shopping for a vehicle. The price of the car is just a piece of the puzzle."

He advised prospective car insurance customers to also look at how expensive the motor is to service, the fuel efficiency of the auto and the price of spare parts.

Earlier this month, developers at the University of Bologna unveiled a new piece of software that could reduce car insurance claims by informing road users of accidents up ahead.

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