Drivers consider two-wheels to save money

Up to 4.8 million (13 per cent) UK drivers would be prepared to ride out the recession on two-wheels, according to Post Office Insurance research.

Drivers happy to switch to a moped or motorcycle cite the cost benefits as the main reason for ditching their cars, with almost a third (31 per cent) attracted by fuel efficiency. A further 27 per cent of drivers simply believe it would be easier to get around. This two-wheeled trend can already be seen by the year-on-year increase in moped registrations, while the car industry continues its decline.

Twice as many men said they would switch to two wheels, joining the 24 per cent increase in the number of moped or motorbike riders on the roads this spring. Post Office advises all of those taking up two wheels to check that they are also saving on their insurance premium by looking around for competitive policy cover.

Not only can drivers expect to halve their fuel consumption in miles per gallon on a moped or lightweight motorcycle, but they can also benefit from road tax starting from as little as £15 per year, free parking in the majority of the UK, no congestion charge and lower insurance premiums.

Post Office head of general insurance Richard Pennant-Jones said: "At a time when many people are stretched financially, switching from four wheels to two is one way to save money. Using mopeds or motorcycles over the spring and summer can help reduce day-to-day transport and running costs, including insurance which could be significantly cheaper for motorcycles and mopeds than cars. We advise people to shop around and look for deals which offer them something extra - Post Office Motorcycle Insurance offers a number of policy benefits, including one month completely free."

To meet the increased demand for two-wheeled transport, Post Office Motorcycle Insurance offers customers great value for money with a host of added benefits, including the option to insure up to four bikes on the same policy (available by phone only) and up to £500 cover for accessories per bike. And for a limited time it is also offering new customers annual motorcycle insurance with one month free.

Post Office Motorcycle Insurance is easy to apply for, visit postoffice.co.uk