For residents living in one of the many UK cities, it’s expected that you’ll pay more for things such as rent and other household bills. Although city living does come with higher monthly outgoings compared to more rural areas of the UK; has it ever crossed your mind whether or not the cost of owning a car is also at the higher end of the scale?
The majority of car owners are aware that factors such as your postcode and where you park the vehicle overnight can have an impact on your insurance policy. Insurance is just one financial cost which is required when owning a car, but we wanted to find out if residents living in one of 20 UK cities, were paying more for mandatory costs such as service, MOT and fuel.
To discover whether or not this is a reality for people living in a city across the UK; Kwik Fit wanted to conduct some detailed research across a number of locations to uncover the most expensive city to own a car. After reading the results, we want to know whether or not the city you live in has been mentioned and whether or not you agree. Let us know on social, using #UKCarCosts and tag @Kwik_Fit.
Which UK city is the most expensive to own a car?
Unfortunately it’s bad news for the residents living in Birmingham. It was discovered that the city is the most expensive to own a car with an average overall cost of £2,170.19 per year. One of the most surprising costs is the price some residents have to pay for parking. According to Kwik Fit’s research, the average parking costs for residents is a huge £785 each year.
Other cities with an expensive price tag for owning a car include Manchester, London, Liverpool and Edinburgh. After looking at these figures, it’s important you’re aware of the costs of owning a car if you live or want to move to one of the cities mentioned.
Which UK city is the cheapest to own a car?
The southern city of Exeter has been crowned the cheapest UK city to own a car. The average yearly cost totals £867.48 and sees low costs for visitor parking at £1.10; as well as reasonably priced MOT’s at £44.73 and average insurance costs totalling around the £550 mark.
People living in Reading will be pleased to know the city has been awarded the second cheapest city to own a car, followed by Cardiff, Newcastle and Bristol. These cities have many appealing factors to them and now the cost of owning a car can also be added to the list.
So there we have it; the most expensive and cheapest UK cities to own a car. From the average price of an MOT to visitor parking, we wanted to cover it all.
Do you agree with the findings?