Motorists in Britain are collectively spending £516 million a month more on fuel compared to a year ago, according to new research(1) from Sainsbury’s Bank car insurance. This equates to, on average, £14.64 more per motorist per month on fuel compared to a year ago. The findings reveal that in a bid to reduce their outgoings on fuel, three quarters of drivers (73%) have taken positive steps to improve the fuel efficiency of their vehicles over the past 12 months.
Shopping around and planning ahead to ensure that motorists buy fuel at the most competitively priced forecourts is the most popular way of reducing fuel expenditure, with 42% of drivers saying they have done this over the past 12 months. Nearly one in three motorists (29%) has started driving more slowly and steadily to improve their fuel efficiency and one in four (26%) has started making sure their tyres are inflated to the correct level(1).
Emily Fleming of Sainsbury’s Car Insurance said: “Taking small steps, such as making sure you’re not carrying around unnecessary items in your car or making sure your tyres are properly inflated, can help to make your fuel go further.”
One in five drivers (19%) has cut down on excess weight in their car by removing any heavy items from their boot before setting off and 17% have made efforts not to leave the engine running when stationary. Thirteen per cent have started taking more care of their cars, as they could be more efficient if regularly maintained and serviced(1).
Some 3% of motorists have started car sharing with friends, family or colleagues to go to work and 2% have removed bike and roof racks when they’re not in use in order to reduce wind resistance. Four in ten (39%) drivers have cut down on the amount of driving they do in the past 12 months(1).
New Sainsbury’s car insurance customers could benefit from prices as little as £224(2) and Sainsbury’s customers with a Nectar card could also receive double Nectar points on their Sainsbury’s shopping and fuel for two years(4).
For further information on Sainsbury’s car insurance, call 0800 096 1836, visit sainsburysbank.co.uk or pick up a leaflet instore.
For further information, please contact:
Tom Wilson, Citigate Dewe Rogerson: 020 7638 9571
Lorna Gilmour, Sainsbury’s Bank: 0131 338 2863
Notes to editors:
(1) Sainsbury’s Bank commissioned ICM to survey 2,007 GB adults. Respondents were interviewed by ICM in an online survey between 5th-7th April 2013. Interviews were conducted across the country and the results have been weighted to the profile of all adults. ICM is a member of the British Polling Council and abides by its rules. Further information at www.icmresearch.co.uk
(2) Prices for as little as £224: 10% of all new customers who bought Sainsbury’s car insurance from the 1st September 2012 – 28th February 2013 paid £224 or less. Source: U K Insurance Limited. The premium excludes Motor Legal Protection or interest payments if applicable.
(3) Double Nectar: 1) Double Nectar offer available only to customers who take out a new Sainsbury’s comprehensive car insurance policy. 2) Customers must renew their policy at first renewal for double points to continue. 3) If the policy is cancelled, double points will cease from the cancellation date. 4) Only the first car insurance policy registered against each Nectar account will qualify for double points. 5) Base points on qualifying spend in Sainsbury’s will be collected as normal. A bonus equal to the total of these points each calendar month (subject to a monthly maximum of 2,500 points) will be credited to the Nectar account by the 10th of the following month, for up to 24 months from the policy cover start date. Excludes all Bonus point offers and points from Sainsbury’s Energy, Telecoms, Digital, Bank, Diets and all other Sainsbury’s services. 6) The monthly bonus will only be calculated on, and credited to, the Nectar card nominated at the time of application. The nominated card must also be used at the time of each Sainsbury’s purchase and points will not be allocated retrospectively. 7) The Nectar loyalty programme is operated independently of Sainsbury’s Bank by Aimia Coalition Loyalty UK Ltd; and the collection and use of points is governed by the Nectar Collector Rules, set out in the registration pack and available at www.nectar.com 8) Sainsbury’s Bank reserves the right to alter, cancel or withdraw the offer without prior notice.
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Sainsbury’s was the first major British supermarket to open a bank, commencing trading in February 1997. Benefiting from a fantastic, trusted brand that enables us to combine the shopping experience with personal finance, Sainsbury’s Bank provides a range of quality products including insurances, credit cards, savings and loans. Our proposition is to make shopping more rewarding by offering customers great products at fair prices, while consistently rewarding shoppers for their loyalty and being easy to do business with at all times. Our products consistently top best buy tables and regularly win awards for quality, price and service.
So far in 2013, the Bank has been awarded ‘Personal Loan Provider of the Year’ – Consumer Moneyfacts, ‘Best Loan Provider’ – Money Supermarket Supers and ‘Best Credit Card for Rewards’ – Moneynet.
Sainsbury’s Bank has its own banking licence, is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (register no. 184514), except for Credit Cards and Loans where it is licensed by the Office of Fair Trading (OFT) license no. 421897. The Bank has an independent membership to the Financial Services Compensation Scheme.
Direct Line Group plc
U K Insurance Limited is the underwriter of Sainsbury’s Bank car insurance and Sainsbury’s Bank home insurance and are part of the Direct Line Group PLC. Direct Line Group plc (Direct Line Group) is headquartered in Bromley; it has operations in the UK, Germany and Italy.
Through its number of well-known brands Direct Line Group offers a wide range of general insurance products to consumers. These brands include; Direct Line, Churchill and Privilege. It also offers insurance services for third party brands through its Partnerships division. In the commercial sector, its NIG and Direct Line for Business operations provide insurance products for businesses via brokers or direct respectively.
In addition to insurance services, Direct Line Group continues to provide support and reassurance to millions of UK motorists through its Green Flag breakdown recovery service and Tracker stolen vehicle recovery and telematics business.
U K Insurance is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.