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Drivers delay MoT to cut back spending

Drivers delay MoT to cut back spending Image

Motorists feeling the pinch are worryingly putting off their MoT test until the legal due date has passed in an attempt to conserve cash, a report suggests.

A survey of 1,000 car owners questioned by InsureMyExcess.com found that a tenth (10%) of drivers are in danger of a mechanical breakdown because they are delaying an MoT inspection to save money.

Findings also show that 16% are holding back on conducting improvements to defective cars to rein back spending, with 20% of those aged between 18 and 24 putting off issues.

More than 50% of the respondents said they are concerned about stumping up cash to make improvements after an inspection.

An estimated one in 10 have switched from a fully comprehensive car insurance policy to third party in a bid to cut back on costs, according to the poll.

"Motorists have been hit hard by spiralling motoring costs and it is very worrying that so many are struggling to pay for repairs to their vehicles and their insurance," said Matt Tumbridge, director of InsureMyExcess.com.

"I believe that motorists are very responsible on the whole, but with tightening budgets and further job losses looming, motorists are being very careful with their money and feel that they no option as the cost of motoring continues to increase."

Insurance  06/06/2012 17:00:00



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