Drivers are contemplating exchanging their cars for mopeds or motorbikes as a way of saving money on their insurance deals, one financial services provider has claimed.
The Post Office stated that the benefits of swapping to two wheels can be seen in lower premiums, no congestion charge, road tax starting from £15 and less fuel consumption.
Research from the organisation showed that 31% of men are attracted by lower fuel costs while 27% are considering a change as they think it will be easier to travel.
Richard Pennant-Jones, Post Office head of general insurance, 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."
Until the end of July, Post Office Motorcycle Insurance is currently offering new customers an extra month for free when they purchase a year-long policy.
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