Dudley drivers are getting a rough deal when it comes to getting value for money from their motors. A new analysis of UK postcodes by car insurance provider By Miles , revealed Dudley is the third most expensive place to own and drive a car.
Research showed motorists across the borough were effectively forking out an average of 56p per mile.
The analysis covered 2.7 million car insurance quotes from comparison site MoneySuperMarket , and also accounted for the depreciation in value of a new car and other essentials, including fuel costs, car tax and MOT charges.
The two biggest regional factors impacting the cost of car ownership in the UK are the annual cost of car insurance and the number of miles driven per year, with regional differences in fuel prices also having an impact.
In fact, residents of the five areas with the highest cost per mile – Greater London, Manchester, Dudley, Stockport and Oldham – all drive under 7,000 miles per year, compared to the bottom three – Galashiels, Inverness and Perth – where residents all drive in excess of 8,000 miles per year.
The cost of fuel doesn’t help either – with motorists in London paying nearly 0.8 pence more per litre of petrol than drivers in Scotland.
This trend continues for car insurance costs – those paying the lowest per mile cost saw car insurance costs as low as £351, and those at the top stretched to £979 in the East London postcode.
In light of this, By Miles is calling on low mileage drivers (those who drive less than 7,000 miles a year) to take control of their per-mile costs by switching to a more flexible policy from a pay-by-mile car insurance provider.
James Blackham, co-founder of By Miles said: “Our analysis shows that when you take all your motoring costs into account, your postcode can play a big part in how much you pay for every mile you drive. And those who drive the least are suffering most.
“While drivers in Dudley may feel cheated when they see how much they’re paying compared to other parts of the country, there are things motorists can do to reduce how much they pay.
“Shop around to make sure you’re getting the best deal for your car insurance, and if you drive under 7,000 miles a year, a pay-by-mile insurance policy could offer a more flexible way to insure your car.”