AAA: Annual cost of driving a vehicle is $9,122 - KMSP-TV

AAA: Annual cost of driving a vehicle is $9,122

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MINNEAPOLIS (KMSP) -

The cost of owning and operating a vehicle in the U.S. has increased by 1.96 percent, AAA's annual 'Your Driving Costs' study reported.

The study says the average cost rose 1.17 cents to 60.8 cents per mile, or $9,122 per year  based on 15,000 miles driven each year.

John Nielsen, AAA Director of Automotive Engineering and Repair said that changes in maintenance, fuel and insurance costs all attributed to this year's increase.

Maintenance costs rose 11.26 percent, the largest percentage increase from the study. AAA's estimates are based on the cost to maintain a vehicle and perform repairs for five years and 75,000 miles. Labor expenses, replacement parts and extended warranties all account for growth.

Gas prices were stable compared to last year, partially due to fuel economy rating improvements for several vehicles in the study. The average cost of regular grade fuel did increase from $3.357 to $3.486 per gallon, but vehicle fuel economy ratings helped to mitigate the rise.

Insurance costs rose 2.76 percent, or $28, to $1029 each year. AAA says quotes from five AAA clubs and insurance companies in seven states reported increases for all sedan sizes. The study showed smaller increases in large cars.

AAA first published ‘Your Driving Costs' in 1950. Driving a car 10,000 miles per year cost 9 cents per mile, and gasoline sold for 27 cents per gallon.

Findings of the 2013 ‘ Your Driving Costs' study, based on 15,000 miles driven annually:

Small sedan: $6,967/year
Medium sedan: $9,151/year
Large sedan: $11,248
Sedan average: $9,122
SUV 4WD: $11,599
Minivan: $9,795

Additional resources:

Infographic: http://newsroom.aaa.com/wp-content/uploads/2013/04/Your-Driving-Costs-infographic.jpg

PDF -- AAA brochure: http://newsroom.aaa.com/wp-content/uploads/2013/04/YourDrivingCosts2013.pdf

 

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