TribLIVE

| Business


 
Larger text Larger text Smaller text Smaller text | Order Photo Reprints

Gas prices not only factor in cost of car ownership

At a glance

The five most-expensive states for car owners and the average cost of ownership, according to the Bankrate study:

Georgia: $4,233

California: $3,966

Wyoming: $3,938

Rhode Island: $3,913

Nevada: $3,886

The five least-expensive states and the average cost of car ownership:

Oregon: $2,204

Alaska: $2,227

South Dakota: $2,343

Montana: $2,660

Indiana: $2,698

National Average: $3,201

By The Associated Press
Sunday, Sept. 8, 2013, 9:00 p.m.
 

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

Most-Read Business Headlines

  1. Positive economic news pushes Dow, S&P 500 to record levels
  2. Range Resources to pay $4.15M fine, close old gas drilling impoundments
  3. U.S. Steel shares jump on turnaround strategy
  4. Chevron gets first OK from Pa. sustainable drilling group
  5. Bayer to spin off plastics unit as separate company; employment to remain stable
  6. Consol, Noble expect at least $325 million from partnership’s IPO
  7. Fed not budging on rate increase
  8. 2 top executives at Dick’s Sporting Goods to retire
  9. Investors applaud central bank’s decision
  10. Bayer plastics unit may be gone
  11. Mylan CEO Bresch sets sights on growth
Subscribe today! Click here for our subscription offers.