Saturday, August 16, 2014

Michigan 9th most expensive state to own a vehicle in, auto insurance driving cost

Michigan 9th most expensive state to own a vehicle in, auto insurance driving cost | MLive.com:
"Michigan has the ninth highest cost of car ownership in the country when you take repairs, insurance and gasoline costs into account, according to financial publisher Bankrate.com.
The average cost of a vehicle’s repairs, insurance and gasoline in Michigan is $2,375 per year.
That’s the ninth highest in the nation.
The highest cost is $2,705 per year in Wyoming and the lowest cost is $1,942 in Iowa.
Michigan is a standout in the Midwest, where car ownership is generally less expensive. 
That’s reflected in the numbers posted by surrounding states Wisconsin ($2,018), Indiana ($2,200) and Ohio ($1,973).
The biggest driver of Michigan’s higher numbers is insurance costs, according to Bankrate.com Data Journalist Stacy Jones."

No comments: