Hundreds of drivers are set to ditch their vehicles in 2024 as motoring costs continue to rise, according to new data.
Fresh analysis from The Green Insurer has revealed a whopping 15 percent of motorists polled are considering giving up driving over the next 12 months.
The main motivation behind the shock move is down to the rising costs associated with owning and operating a car amid the cost of living crisis.
However, those admitting they could walk away have admitted the move could have a drastic impact on their lifestyle.
Two in five said not having a vehicle could lead to them having to change or give up their current job.
Meanwhile, a massive 18 percent said getting rid of a car would dramatically decrease their own independence with a quarter depending on their vehicles to see family and friends.
Paul Baxter, CEO of The Green Insurer explained: “Driving habits are changing across the UK as consumers look to cut down on unnecessary journeys, however our findings reveal that many people still rely heavily on their cars to enable them to work or to continue their role as a carer for someone.”
Car insurance concerns are being felt by many with rising premiums a concern for a staggering 51 percent of participants.
A total of 11 percent of motorists say they are “very worried” that rising costs could force them off the roads.
Two percent of respondents said they had already taken the decision to give up driving due to increased premium rates.
Some desperate road users have even admitted to lying to insurance firms in a bid to bring down rates.
One in five car owners said they had stretched the truth or not disclosed some key details when renewing their policy.
Almost 10 percent said they opted to take out a reduced annual mileage while five percent told companies their vehicle was stored in a garage.
Data from Confused.com has revealed a staggering increase in car insurance costs over the past year.
Insurance rates surged by a massive 58 percent over the past 12 months in a blow to motorists.
This has seen the average price of a comprehensive policy rise by around £338 to reach a staggering £924 per annum.
In October, data showed that fees were around £148 (19 percent) higher than during the previous three months.
