Auto insurance, repairs, and gas considered to rank states for cost of vehicle ownership

family auto insurance car road safety

The recent Bankrate.com study showed that Wyoming is the most expensive state, while Iowa is the cheapest. A new report has now been issued by Bankrate.com that has shown that when factors such as the annual cost of auto insurance, repairs, and gasoline are taken into account, the most expensive state in the country to own a vehicle is Wyoming. At the other end of the scale, it is Iowa in which it is the least expensive to own and drive a car. When looking at the average costs of…

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Industry report shows many increases in the costs of vehicle ownership

cost of gas increase

American consumers have experienced an average 1.9 percent increase in vehicle ownership costs such as auto insurance and fuel. A recent study has shown that drivers in the United States have undergone an average increase of 1.9 percent in the costs associated with their vehicle ownership, ranging from auto insurance to tires, and from fueling up to vehicle depreciation. This information was outlined in the AAA 2012 ‘Your Driving Costs’ study report, which indicated that in the United States, gas and tires alone have increased the annual cost of owning…

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