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Car ownership costs an average of $5,851 a year on top of auto loan payments, analysis finds

Full-coverage insurance is the biggest cost, and gas and repairs have also risen as higher oil prices and inflation push car expenses up.

Summary by RocketNews
U.S. drivers spend an average of $5,851 annually on car ownership beyond loan payments, with insurance, fuel, and maintenance comprising the largest costs, according to new research.

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Lean Left

Car ownership costs an average of $5,851 a year on top of auto loan payments, analysis finds

The cost of insurance, gas, and maintenance or repairs can add thousands of dollars a year to the price of owning a car.

·Englewood Cliffs, United States
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Insurify analysis points to annual cost of $5,851 with insurance, gasoline and repairs in the US, in addition to the financing portions

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Bias Distribution

  • 67% of the sources lean Left
67% Left

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CNBC broke the news in Englewood Cliffs, United States on Monday, September 14, 2026.
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