A recent survey by Confused.com shows that over a third of students who take their cars to university regret the decision and wish they’d sold their cars instead – due to lack of parking availability and unforeseen costs.
- One of the biggest issues faced by students was being told parking was available at their halls, yet struggling to find a space when trying to park – almost 2 in 3 listing this as a challenge with having a car at university
- In addition to issues with parking at halls, almost half also found that they were not able to park on the university campus, and had to find alternative parking arrangements at an extra cost
- Students with cars also have the added pressure from peers to provide lifts, resulting in higher monthly fuel and parking costs
With this in mind, Confused.com has created a report on the universities that offer the best options for student parking, so that students can make an informed decision.
Alex Kindred, car insurance expert at Confused.com, comments: “Heading off to university is one of the most memorable moments in life and can be many young people’s first time away from home. It’s unsurprising that students want to bring their cars to university, to be able to drive home easily, and visit friends and family – but for many this ends up being a major logistical and financial burden.
“Not only can car park charges be financially challenging, but other factors too, such as types of parking and car park security need to be thought through before taking your car to university. This is on top of the running costs, such as fuel, tax and car insurance – which typically is more expensive for younger drivers.
“Those students that do decide to take their car are also required by law to update their driving license, vehicle logbook (V5C), vehicle tax and address on their insurance when they leave home – even for a short period of time. Not doing so could mean facing fines of up to £1,000.”
For further information on the University Parking Report, please see here: https://www.confused.com/car-insurance/university-parking-report
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