Gas prices not only factor in cost of car ownership
DETROIT — When figuring out the cost of car ownership, consider where you live as well as with how much you drive.
In Georgia, the average driver spends $4,233 per year to operate a car or truck, according to online service Bankrate.com, more than $1,000 above the national average. The Peach State was the most expensive for two reasons: High taxes and fees charged on vehicles, and the sprawling Atlanta metro area with long commutes that use up a lot of gas, according to the study.
To do the study, Bankrate calculated state taxes and fees, average repair costs, gasoline costs including commuting distance, and insurance cost per vehicle.
Drivers can't do much about taxes and fees. But there are ways to cut down on gasoline and insurance costs, and to avoid costly auto repairs.
Consumer Reports magazine said that drivers can follow their cars' maintenance schedule to hold off costly repairs down the road. To save on gas, consumers can buy more efficient vehicles, accelerate slowly from stop lights, combine trips so they drive less, and keep tires fully inflated so they roll better.
Saving on insurance is a bit more complex. Before you buy a car or truck, check to see what its loss rates are. Vehicles with high loss rates inflict a lot of damage on other cars, are costly to repair and have higher injury rates in crashes than other vehicles, said Jeff Blyskal, senior writer at Consumer Reports. Large SUVs such as the Chevrolet Tahoe hybrid generally have lower loss rates than expensive sports cars such as the Ferrari California convertible.
You can save on insurance by making sure you're getting all available discounts, especially if you don't drive a lot. Most companies offer discounts to consumers who buy a car and homeowners policy from them.
Show commenting policy
TribLive commenting policy
You are solely responsible for your comments and by using TribLive.com you agree to our Terms of Service.
We moderate comments. Our goal is to provide substantive commentary for a general readership. By screening submissions, we provide a space where readers can share intelligent and informed commentary that enhances the quality of our news and information.
While most comments will be posted if they are on-topic and not abusive, moderating decisions are subjective. We will make them as carefully and consistently as we can. Because of the volume of reader comments, we cannot review individual moderation decisions with readers.
We value thoughtful comments representing a range of views that make their point quickly and politely. We make an effort to protect discussions from repeated comments either by the same reader or different readers.
We follow the same standards for taste as the daily newspaper. A few things we won't tolerate: personal attacks, obscenity, vulgarity, profanity (including expletives and letters followed by dashes), commercial promotion, impersonations, incoherence, proselytizing and SHOUTING. Don't include URLs to Web sites.
We do not edit comments. They are either approved or deleted. We reserve the right to edit a comment that is quoted or excerpted in an article. In this case, we may fix spelling and punctuation.
We welcome strong opinions and criticism of our work, but we don't want comments to become bogged down with discussions of our policies and we will moderate accordingly.
We appreciate it when readers and people quoted in articles or blog posts point out errors of fact or emphasis and will investigate all assertions. But these suggestions should be sent via e-mail. To avoid distracting other readers, we won't publish comments that suggest a correction. Instead, corrections will be made in a blog post or in an article.
- Camera prevalence approaches sci-fi realm
- Nike, Under Armour invest in watching exercisers’ steps
- Experts: If health insurers’ safeguard goes broke, consumers could pay
- ‘Promposals’ can be small as burritos, big as Jumbotrons
- Scented society is killing cheap perfume industry
- Visa limits vex businesses
- Rules could kick door open for nuclear power
- Paper’s prevalence unlikely to diminish
- Mylan raises bid for fellow drugmaker; Perrigo says ‘no’
- Tech sector drives gains on Wall Street
- Kings Family Restaurants sold to California firm