AAA Oklahoma has released the annual “Your Driving Costs” study, which indicates an increase of 1.9 percent in yearly costs to own and operate a sedan in the U.S.

 


The average costs rose 1.1 cents to 59.6 cents per mile. That’s $8.946 per year, based on 15,000 miles of annual driving.




“The average driving cost for 2012 is up due to relatively large increases in fuel and tire costs and more moderate increases in other areas, said, Chuck Mai, spokesman for AAA Oklahoma. “Those increases were offset by a

decrease in depreciation resulting in an overall increase of 1.9 percent.”


AAA Oklahoma has released the annual “Your Driving Costs” study, which indicates an increase of 1.9 percent in yearly costs to own and operate a sedan in the U.S.
 

The average costs rose 1.1 cents to 59.6 cents per mile. That’s $8.946 per year, based on 15,000 miles of annual driving.


“The average driving cost for 2012 is up due to relatively large increases in fuel and tire costs and more moderate increases in other areas, said, Chuck Mai, spokesman for AAA Oklahoma. “Those increases were offset by a
decrease in depreciation resulting in an overall increase of 1.9 percent.”


The study revealed the following key findings:
 

The cost of fuel increased 14.8 percent from 2011 to 14.2 cents per mile on average for sedan owners
 

The cost of tires in 2012 has increased 4.2 percent or one cent per mile
 

Average insurance costs have risen 3.4 percent to $1,001 yearly. Insurance rates vary widely by driver, driving record, company and geographical region. The AAA study based cost estimates on a low-risk driver with a clean
driving record Maintenance costs rose this year .7 percent on average sedans Depreciation costs, which rose in 2011, have decreased this year by nearly 5 percent.


The study’s “in-depth” findings includes a breakdown of specific costs by category of vehicle and various annual mileages. That information is available for free download at www.AAA.com/brochure.