A leading Personal Finance Expert in Britain revealed that British drivers can save a staggering $671,155 over a lifetime by swapping their car for a motorcycle.

The study, conducted by Chartered Financial Planner Martin Bamford, was commissioned by Bennetts, a leading British motorcycle insurance provider, to investigate the cost difference between commuting to work in a car versus a bike.

With the increasing cost burden on motorists in mind, the research shows that car drivers could save nearly $13,000 a year by riding a motorcycle when costs including finance, tax, depreciation and parking are taken into consideration. An easily overlooked expense highlighted in the findings is time with riders able to save four and a half years over a lifetime from beating the traffic jams on a motorcycle as opposed to a car.

The overall findings suggest it costs British drivers a staggering 47% more to drive a car to work rather than using a motorcycle in the current economic climate. The saving is particularly relevant for Londoners, with those riding a bike in England's capital saving an amazing $3,815 a year getting to work by escaping the daily congestion charge levied to use London's city roads.

Mark Fells, Marketing Director at Bennetts says, "It's incredible to see just how much bikers can save on the roads by travelling around on two wheels. We hope that these findings will encourage people to review their personal transport methods in an effort to lower costs and reduce the hassle of commuting."

Conveniently, recent research has also revealed that 86% of bikers could save money by insuring with Bennetts.