Cost of car insurance, ownership on the rise

Cost of car insurance, ownership on the rise

The cost of owning a car rose on all fronts for 2012 after dipping the year before, according to AAA’s annual Your Driving Costs study. Motorists paid more for auto insurance, gas, maintenance and tires. The total annual cost of owning a sedan is $8,946 yearly, or 59.6 cents per mile, while SUV ownership rose to $11,360 yearly, 75.7 cents per mile based on driving 15,000 miles per year. “The average driving cost for 2012…

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