Thousands more motorists forced to pay for parking in their own street as councils rake in £200,000 every DAY
British drivers have forked out millions of pounds on residential parking permits over the past three years
THOUSANDS more UK drivers have been forced to pay for parking on their own street in the last three years.
And councils across the country are raking in more than £200,000 a day from parking permits as drivers compete for spots outside their house.
An investigation by Churchill Car Insurance revealed 2,500 additional streets had parking permit restrictions imposed since 2016.
And in this time, the restrictions have generated £242million for councils all over the UK - the equivalent of £200,000 a day.
Around three million drivers have seen the price of their permits rise in the last year, according to the study, with 42 per cent saying they are too expensive.
The cost of residential parking permits varies in different parts of the country and can depend on vehicle emissions, engine size or even street location.
For example, in Norwich, the cost of a permit depends on the length of a vehicle, with prices ranging from £24.60 to £52.80 per year.
And, in Edinburgh, permits depend on the street location and vehicle emissions, with the council charging drivers up to £524 a year just to park on their own street.
But many motorists have had enough of these high prices, with parking permit applications significantly falling in the past three years.
Only 1.4million Brits applied to have a permit last year, dropping from over two million in 2016 - but experts think this could also be due to the decline in car sales.
More parking peeves and facts
Alex Borgnis, head of car insurance at Churchill, said: "For people who live in towns and cities, parking close to home can be a challenge, with access to available parking on many streets being in short supply.
"While the cost of permits can be frustrating for residents, they can make it significantly easier for people to park outside their own homes.
"Whether you have access to residential parking, own a permit, or are unable to park your vehicle outside your home, it is important to always take the necessary precautions to limit the chances of your car being stolen or damaged."
We previously revealed the regions with the most expensive parking permits in the UK, with some motorists paying more than £1,200 to park in their street for a year.