US EditionThe real cost of car ownership in the US
- As of 2025, the average annual cost of owning a car in the U.S. has reached approximately $12,297, which is about $1,025 per month.
- Monthly parking fees are a major but often overlooked cost associated with vehicle ownership.
- Insurance costs for car ownership vary greatly, depending on location, driver profile, and the type of coverage.
- The rising costs of auto repairs are due to increased tariffs on imported parts, such as engines and transmissions.
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25 Articles
25 Articles
The value of car ownership and use in the United States
It is widely accepted that consumers underestimate the full cost of car ownership and that correcting this bias could meaningfully accelerate the adoption of shared mobility. Yet this argument fails to consider how much benefit consumers enjoy from owning their own vehicle. Here we estimate the value of private car ownership and use in four US metro areas—Chicago, Illinois; Dallas, Texas; Seattle, Washington; and Washington DC—using online discr…
·United Kingdom
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The Times of Northwest Indiana+22 Reposted by 22 other sources
The real cost of car ownership in the US
Way.com reports that car ownership costs in the U.S. average $12,297 annually, factoring in purchase, insurance, fuel, maintenance, and parking.
·Cherokee County, United States
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Coverage Details
Total News Sources25
Leaning Left4Leaning Right0Center20Last UpdatedBias Distribution83% Center
Bias Distribution
- 83% of the sources are Center
83% Center
L 17%
C 83%
Factuality
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