The cost of petrol hit record highs this year, with the days of getting a litre for below a pound a distant memory. And while the cost of a barrel of oil has fallen recently, the reduction has not fully been recognised at the petrol pumps.
According to the AA, it takes four to six weeks for oil-price changes to filter through to the petrol stations.
When that happens, it will be good news for motorists but consumers are still battling a high inflation rate, reported to be 4.7 per cent in August and forecast by the Monetary Policy Committee to be nearer to five per cent this month.
'Scooters and mopeds can be a lot cheaper to buy, license and fill up with fuel,' says Berkhauer.
'From an insurance point of view, the price is dependent on the risk from you as an individual but it is possible to insure a moped for about £100.
'Insurance companies rate differently but some will actually offer a cheaper quote if you are not using the vehicle for commuting or for regularly travelling long distances.'
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Hi
I think it’s not required to go to physical places to get your vehicles insured anymore. It can be done online, just visit:www.autoinsuranceplanners.com
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