MOT will increase Motorists’ Costs

MOT is set to change to every two years instead of an annual cost. The downside is the increased cost. It will cost more every two years for insurance and repair costs than if the MOT remained an annual requirement.

It is said about 40,000 jobs will be lost due to the change in MOT. Furthermore HGV insurance and personal insurance premiums will increase. Repairs will also increase due to less frequent tests. The analysis of the pros and cons of the new system has introduced the concept of allowing cars and vans to have their first MOT test after four years instead of three and then every year. The results are showing a definite increase in repair and MOT bills.

The Government has discussed making changes in the UK in order to follow that of Europe. There is a group of 29 safety organisation, retailers, motoring groups, and transport groups who have stood against the change. The report is called “A Cost Too Far.” They believe it will add too much financial burden on motorists if the changes are indeed passed for the every two year MOT. The change is called 4-2-2 MOT meaning four years on a new van, then every two after that.

To avoid high costs on insurance it is imperative to consider van insurance comparison. Using comparison tools allow a driver or an entire company to save. By finding lower costs on insurance the money can be put towards savings or other expenses. Reducing any financial troubles is important to make way for any changes that may occur in the next year or two.

If the MOT changes do occur costs will increase. It will be time to do another comparison then, but for now it is important to take advantage of any help you can find on expenses. After all, with the correct insurance product you will be properly covered and furthermore you will be saving money. Competition is rather high with insurance companies on vehicles. You have every chance of finding a lower cost premium than what you have right now.

If you want to become ready for the upcoming changes with the MOT, VAT, and other fleet affecting changes now is the time to save money. It is up to you to do the comparison and find the savings. There is every chance you have a great product right now, but you should be certain.