Huge parking fees add to overall expense of driving

As if soaring petrol prices weren't enough for Aussie drivers to deal with, a new study has shown that parking fees are also crippling people financially.

According to car insurance provider Bingle, people in New South Wales are forking out $300 million a year to park their vehicles, the Daily Telegraph reports.

Sydney was the most costly place for motorists to keep their cars, as urban dwellers paid five-times more than rural residents.

The cost of vehicle ownership has rocketed in recent years and Aussies are always looking for new ways to force their overall outgoings down.

It isn't just NSW drivers who are blighted by excessive costs, as Bingle recently revealed that keeping a car running on the east coast sets people back a combined $53.7 billion every year.

One way to reduce your expenditure is to compare car insurance premiums online, as the prices offered by certain firms can be very different.

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