Driving costs climb to 56.6 cents per mile
With gas prices and some other costs associated with car ownership climbing, motorists will pay 56.6 cents per mile to own and operate their cars this year, 2.6 cents more per mile than last year.
According to estimates recently released by AAA, motorists will pay a total of $8,487 this year to own and operate their cars, up by almost $400 compared to last year. Overall, motorists will pay $23.25 per day to drive their cars. These results are published in a free brochure called “Your Driving Costs.”
AAA’s annual forecast of how much motorists pay to drive is made up of two types of costs. Operating costs, which include such expenses as gas and maintenance, climbed by 1.3 cents per mile this year. And ownership costs–which are comprised of insurance, licensing fees, taxes, depreciation and more–increased by nearly $200 per year. The costs are based on 15,000 miles of driving using the average costs for the five top-selling models in three categories: small sedan, medium sedan and large sedan.
“Your Driving Costs” also includes ownership and operating costs for minivans and sport utility vehicles. The driving costs for four-wheel-drive SUVs will be 73.9 cents per mile, 5.5 cents more per mile than last year. And the driving costs for minivans will be 58.8 cents per mile, which is 3.2 cents more than in 2009.
AAA’s cost estimates are different for business-related use of a personal vehicle. Such payments usually cover operating costs for actual mileage and only a portion of the fixed ownership costs.
To find out what you spend annually on your car, the brochure contains a work sheet. It also features vehicle maintenance tips to ensure your vehicle operates efficiently, which reduces driving costs.
For a free copy of the brochure send a stamped, self-addressed, business-size envelope to: AAA, “Your Driving Costs,” 12901 N. Forty Drive, St. Louis, MO 63141. You can also determine your vehicle ownership costs online at www.AAA.com in the automotive section.