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Post Office™ ArticlesPress Release: 18th May 2009 Almost 5 Million Drivers Considering 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. Simply visit www.postoffice.co.uk, pop into your nearest Post Office branch and pick up a leaflet. Ends Issued by Post Office Ltd Notes to Editors * All figures, unless otherwise stated, are from YouGov Plc. Total sample size was 2,060 adults. Fieldwork was undertaken between 3rd - 6th April 2009. The survey was carried out online. The figures have been weighted and are representative of all GB adults (aged 18+) According to the DVLA, there were 36,726,464 full UK driving license holders in the UK. The current research found that 13 per cent of adults with full UK driving licenses would consider using a motorbike or moped to save money. This has been taken as 4.8 million drivers. ** Source: Motorcycle Industry Association 2008 Pocket Guide *** Research shows 18 per cent of men would consider two-wheels compared to just 8 per cent of women **** Source: Department for Transport. Compendium of Motorcycling Statistics: 2008 Edition ***** Offer applies to all new Post Office Motorcycle Insurance customers only; offer starts on 1 February 2009 and ends 30 July 2009. Post Office Motorcycle Insurance is underwritten from a panel of insurers and arranged by Devitt Insurance Limited. It offers the following benefits:
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