Relief as petrol prices start to drop

The astronomical cost of petrol has forced many motorists to make fewer journeys in their vehicles.

Thankfully, new figures released by the Australian Institute of Petroleum have suggested that prices at the pumps are starting to fall again, the Australian Associated Press reports.

Last week, the average price for a litre of unleaded petrol was 148.9 cents – a drop of 2.5 cents. This pattern is set to continue in the next fortnight, according to economists at CommSec.

This will come as a huge relief to motorists, as the cost of running a vehicle has spiralled out of control.

Car insurance expenses are also a major drain on people's bank accounts, so it may be time to reassess who you deal with.

There are plenty of different insurers out there and it is now easier than ever to compare each one based on price, level of coverage and any perks that may be on offer.

Because there is so much competition, a lot of firms offer incentives such as one month of free cover and it is well worth checking these out.

Have a question about car insurance? Ask the money gurus at Mozo Answers.ADNFCR-1761-ID-801368361-ADNFCR