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Increase in bike riders on the roads
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Written by John Mills, 05/06/09
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A growing number of people appear to be taking out bike insurance policies and heading out onto Britain's roads on two wheels rather than four, new research has claimed.
According to a new study, the number of Britons that are choosing to get in the saddle instead of behind the wheel has surged by almost a quarter this year.
More people are being attracted to taking out bike insurance policies and heading out on two wheels because of the credit crunch, suggested the Post Office, which undertook the research.
"At a time when many people are stretched financially, switching from four wheels to two is one way to save money," explained Richard Pennant-Jones, head of general insurance at the Post Office.
He continued: "Using mopeds or motorcycles over the spring and summer can help reduce day-to-day transport and running costs, including [motorbike insurance] which could be significantly cheaper for motorcycles and mopeds than cars."
The UK car industry has suffered a sharp decline in sales over the past year, as the recession has forced many motorists to downgrade their vehicles from large cars to smaller ones, while others have simply chosen to keep their existing vehicle.
Taking out bike insurance and buying a motorbike instead of a new car looks set to offer motorists some relief from the high costs of running a vehicle during the recession.
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