Victorians spending $20 billion on car costs

 

12 September 2014

Victorian drivers are facing an uphill battle when it comes to controlling motoring costs, pouring a collective $20 billion into keeping their cars running on the roads, according to the 2014 Bingle Cost of Motoring Index.

Launched today, the annual Bingle Cost of Motoring Index, developed by online car insurer Bingle.com.au, tracks and measures the ongoing costs drivers face, including servicing, maintenance, registration, insurance, parking, tolls, fines and petrol.

Bingle spokeswoman Marcela Balart said the Index, now in its third year, has consistently risen year-on-year: “When the Index began in 2012, the average annual cost to keep a car running for a Victorian driver was $5353. Today, that figure has risen to $5638,” she said.

Ms Balart said Victorians were finding it hard to keep motoring costs at bay with registration, insurance and traffic fines the only areas where costs had remained stable from the previous year.

“In the past 12 months, Victorian motorists have been investing more into the servicing and maintenance of their cars and, in addition to facing the highest average charges in traffic fines, Victoria is now also the most expensive state for paid parking and toll costs.

“The main pressure point for drivers is petrol which makes up 53 per cent of the total cost of motoring, however, for some Victorians leaving the car at home is not an option, so drivers need to get savvier with their spending habits.”

“There’s no denying cost pressures on motorists are coming from all sides, and while some things, such as petrol prices, are out of our control, there are things you can do to take charge and reduce your cost of motoring,” Ms Balart advised.

  • Check your driving style. Do you have a lead foot? Do you brake too much? Driving smoothly without braking hard or accelerating too much means your car isn’t working harder than it needs to, improving its fuel efficiency.
  • Give your car a health check. Is your car fuel efficient? Do you have more weight in the boot than you need? Are your tyres inflated to the correct recommended pressure? Are you using the right fuel for your car? All these things could be weighing your car down and chewing up your fuel faster than you can fill it.
  • Do I or don’t I? Review whether or not you need your car as much as you think you do. Can you car pool? Are there alternative modes of transport you can take instead of driving? The result can not only save you money in petrol, but in parking and tolls as well.
  • Obey the road rules and avoid traffic fines. It might seem simple enough but with fines costing between $200 and $2000 – that’s money better spent on more important things. Another added benefit of being a good driver is savings on your car insurance.

 

Average cost of motoring per Victorian driver

2012

2013

2014

  Servicing & Maintenance

$994

$998

$1010

  Registration & Insurance

$1178

$1234

$1232

  Parking and Tolls

$297

$303

$311

  Fines

$100

$106

$106

  Petrol

$2785

$2829

$2979

Total

$5353

$5471

$5638

 

For media enquiries or to arrange an interview please contact:

Marcela Balart
Bingle Corporate Affairs Advisor
P: 02 8121 0298
M: 0422 483 371
E: marcela.balart@suncorp.com.au

1.       Bingle’s Cost of Motoring Index tracks and measures the ongoing costs faced by drivers. Research agency, Nature, conducted an independent internet survey in 2014 of 1,200 owner drivers from across NSW, Victoria and Queensland.