YOUR DRIVING COSTS | 2020 1
YOUR DRIVING COSTS 2020
How Much Does it Really Cost to Own a New Car?
Shown to the right are average per-mile costs
for 2020 as determined by AAA, based on
the driving costs for nine vehicle categories
weighted by sales.
Detailed driving costs in each vehicle category are based on average costs for five top-selling 2020
models selected by AAA and can be found on pages 5 and 6. By category, they are:
Î Small Sedan — Honda Civic, Hyundai Elantra,
Nissan Sentra, Toyota Corolla, Volkswagen Jetta
Î Medium Sedan — Chevrolet Malibu, Ford Fusion,
Honda Accord, Nissan Altima, Toyota Camry
Î Large Sedan — Chevrolet Impala, Chrysler 300,
Kia Cadenza, Nissan Maxima, Toyota Avalon
Î Small SUV — Chevrolet Equinox, Ford Escape,
Honda CR-V, Nissan Rogue, Toyota RAV4
Î Medium SUV — Chevrolet Traverse, Ford
Explorer, Honda Pilot, Jeep Grand Cherokee,
Toyota Highlander
Î Minivan — Chrysler Pacifica, Dodge Grand
Caravan, Kia Sedona, Honda Odyssey, Toyota
Sienna
Î Pickup Truck — Chevrolet Silverado, Ford F-150,
Nissan Titan, Ram 1500 and Toyota Tundra
Î Hybrid Car — Ford Fusion, Honda Insight,
Hyundai Ioniq, Toyota Prius Liftback, Toyota
RAV4
Î Electric Car — BMW i3, Chevrolet Bolt, Hyundai
Kona Electric, Nissan Leaf, Tesla Model 3
AAA Average Costs Per Mile
Miles per Year 10k 15k 20k
Average Cost 82.36¢ 63.7 54.5
YOUR DRIVING COSTS | 2020 2
How to Calculate Your Own Driving Costs
Start by figuring your gas cost per mile. To do this, you’ll need to keep track of your fueling habits
over the course of one year. When your gas tank is full, write down the number of miles on your
odometer. Then each time you fill up — note the number of gallons, how much you paid and the
miles on your odometer. You will use these numbers to calculate your average miles per gallon as
well as your gas cost per mile.
Exam ple: You drove a total of 867 miles and used 37.6 gallons of gas, which cost $100.73. Miles per
gallon: 867/37.6 = 23.1 mpg. Gas cost per mile: $100.73/867 = 11.62 cents.
Now you can determine the driving costs of your vehicle. Just like with your gas costs, you’ll need
to keep track of the total miles driven as well as any cost associated with your car for one year.
This includes everything from routine maintenance to insurance to miscellaneous costs like parking
and tolls. You’ll use these numbers to determine your operating costs, ownership costs and cost
per mile for your vehicle. If you have questions, detailed explanations are provided for each cost
category on the next page.
Operating Costs per Year
gas cost
per mile
total miles
driven x
total gas =
maintenance,
repair & tires +
other costs
(parking, tolls,
washing, etc.) +
operating cost: =
Ownership Costs per Year
depreciation
insurance +
license, taxes
& registration +
finance charges +
ownership cost: =
Cost per Mile
operating cost +
ownership cost +
=
total miles
driven ÷
cost per mile =
Miles Per Gallon
total miles driven
gallons used ÷
miles per gallon: =
Gas Cost Per Mile
total cost of gas
total miles driven ÷
gas cost per mile: =
$ 0.00
$ 0.00
$ 0.00
$ 0.00
$ 0.00
$ 0.00
YOUR DRIVING COSTS | 2020 3
What’s Covered
AAAs analysis covers vehicles equipped with standard features and optional equipment including
automatic transmission, air conditioning, power steering, antilock brakes and cruise control, to
name a few.
Depreciation — Depreciation is based on the
dierence between new-vehicle purchase price
and estimated trade-in value at the end of five
years and 75,000 miles.
Fuel — Fuel costs are based on average prices
for the 12 months ending May 31, 2020, as
reported by AAA Gas Prices at www.GasPrices.
AAA.com. During this period, regular grade
gasoline averaged $2.462 per gallon. Fuel
economy is based on Environmental Protection
Agency ratings for 55 percent city and 45
percent highway driving. Electric vehicle
charging costs are based on a rate of 13.1 cents
per kilowatt hour.
Insurance Costs are based on a full-
coverage policy for personal use of a vehicle
by a driver who is under 65 years of age, has
more than six years of driving experience,
no accidents and lives in a suburban/urban
location. The policy includes discounts for
passive restraints and an anti-theft system,
and provides $100,000/$300,000 personal
liability, $25,000 medical, $100,000
property and $25,000/$50,000 uninsured/
underinsured motorist coverage. A $500
deductible applies to all collision and
comprehensive claims.
License, Registration and Taxes — Costs
include all governmental taxes and fees payable
at time of purchase, as well as fees due each
year to keep the vehicle licensed and registered.
Costs are computed on a national average basis.
Maintenance, Repair and Tires — These
costs include retail parts and labor for
routine maintenance specified by the vehicle
manufacturer, a comprehensive extended
warranty, repairs to wear-and-tear items that
require service during five years of operation
and one set of replacement tires of the same
quality, size and rating as those that came
with the car. Sales tax is included on a national
average basis.
Finance — Costs are based on a five-year loan,
with 10 percent down, at the national average
interest rate for five credit rating categories
weighted by market share. The loan amount
includes taxes and the first years license fees,
both computed on a national average basis.
YOUR DRIVING COSTS | 2020 4
Vehicle Maintenance
Driving costs are aected by how well your vehicle runs. Performing regular maintenance can ensure
more ecient operation and help prevent costly repairs down the road. Below are general checks to
keep your vehicle in good operating shape. Read your owners manual for more detailed information
on your vehicle’s specific requirements. When performing “do-it-yourself” maintenance, always take
appropriate safety precautions.
Air Filter — The engine air filter captures dirt
particles and ensures clean airflow to the
engine. Inspect at every oil change.
Battery — The vehicle’s battery powers the
starter motor, acts as a voltage stabilizer for the
electrical system and makes up any shortfall
when the alternator cannot meet the vehicle’s
electrical demands. Inspect the battery cable
connections at every oil change and clean as
needed. Always wear eye protection and gloves
when servicing a battery.
Belts — Most vehicles use a single serpentine
belt to operate under-hood accessories such as
the alternator, although V-belts still are used in
some applications. Inspect at every oil change.
Gasoline — Use gasoline with the octane rating
recommended by the vehicle manufacturer — a
higher fuel grade will not provide additional
benefits. Gasolines that meet TOP TIER
TM*
standards do a better job of preventing and
removing internal engine deposits.
Hoses — A vehicle’s hoses circulate vital liquids
such as engine coolant, transmission fluid and
power steering fluid. Inspect at every oil change.
Tires — As the only part of your vehicle in
contact with the road, tires have a major eect
on ride, handling, braking and safety. For
optimum performance, tires must have adequate
tread depth, show no signs of physical damage
and be properly inflated. Inspect tires and check
inflation pressures at least once a month.
Fluids
Î Brake Fluid — Critical to proper brake system
performance. Check the level at every oil
change.
Î Engine Coolant — Prevents engine freeze-up in
winter and boil-over in summer, and protects the
cooling system from rust and corrosion. Check
the level at every oil change.
Î Engine Oil — Lubricates and cools the engine
while cleaning internal parts. Running your car
low on oil can cause serious engine damage.
Check the level at least once a month.
Î Power Steering Fluid — Transfers hydraulic
pressure to reduce steering eort. Check the
level at every oil change.
Î Transmission Fluid — Helps transfer engine
power to the wheels, lubricates internal parts,
maintains seals and acts as a coolant. Check the
level at every oil change.
*
The TOP TIER
TM
fuel program is a performance standard for gasoline that enables vehicle manufacturers to ensure the engines they design and produce will meet the emissions
and performance criteria for which they are designed. Fuels that are part of the TOP TIER™ program must undergo testing to ensure the engine does not develop excessive carbon
deposits on the intake valve, within the combustion chamber, or on the fuel injector that can impact emissions and drivability.
YOUR DRIVING COSTS | 2020 5
Driving Costs
Small
Sedan
Medium
Sedan
Large
Sedan
Small
SUV (FWD)
Medium
SUV (4WD)
Operating Costs
fuel
7.15¢ 8.31¢ 11.43¢ 8.27¢ 11.25¢
maintenance
8.39¢ 9.56¢ 9.69¢ 9.48¢ 10.11¢
cost per mile
15.54¢ 17.87¢ 21.13¢ 17.7 21.37¢
Ownership Costs
full-coverage insurance
$1,342 $1,245 $1,264 $1,087 $1,118
license, registration, taxes
$560 $730 $934 $712 $968
depreciation (15k mi/yr)
$2,769 $3,394 $4,914 $3,234 $3,824
finance charge
$513 $684 $900 $665 $921
cost per year
$5,185 $6,054 $8,013 $5,699 $6,831
cost per day
$14.20 $16.59 $21.95 $15.61 $18.72
Total Cost Per Mile – 10k mi/yr
cost per mile driven
$1,554 $1,787 $2,113 $1,776 $2,137
cost per year
$5,185 $6,054 $8,013 $5,699 $6,831
depreciation
1
-$217 -$233 -$304 -$286 -$382
total cost per year
$6,521 $7,607 $9,822 $7,188 $8,586
total cost per day
$17.87 $20.84 $26.91 $19.69 $23.52
total cost per mile
2
$0.6521 $0.7607 $0.9822 $0.7188 $0.8586
Total Cost Per Mile – 15k mi/yr
cost per mile driven
$2,331 $2,681 $3,169 $2,663 $3,205
cost per year
$5,185 $6,054 $8,013 $5,699 $6,831
total cost per year
$7,516 $8,734 $11,182 $8,362 $10,036
total cost per day
$20.59 $23.93 $30.64 $22.91 $27.50
total cost per mile
2
$0.5010 $0.5823 $0.7455 $0.5575 $0.6691
Total Cost Per Mile – 20k mi/yr
cost per mile driven
$3,108 $3,574 $4,226 $3,551 $4,273
cost per year
$5,185 $6,054 $8,013 $5,699 $6,831
depreciation
1
+$235 +$252 +$328 +$310 +$414
total cost per year
$8,528 $9,880 $12,566 $9,560 $11,518
total cost per day
$23.36 $27.07 $34.43 $26.19 $31.56
total cost per mile
2
$0.4264 $0.4940 $0.6283 $0.4780 $0.5759
1
Depreciation for mileage under or over 15,000 miles annually averaged over 5 years.
2
Total cost per year ÷ total miles per year.
Please note the figures in each vehicle category are the average costs for five top-selling
2020 models selected by AAA for this year’s Your Driving Costs study.
YOUR DRIVING COSTS | 2020 6
Driving Costs
Minivan
1/2 Ton/Crew
Pickup (4WD)
Hybrid
Vehicle
Electric
Vehicle
2020 Weighted
Average
Operating Costs
fuel
11.22¢ 15.23¢ 5.20¢ 3.67¢ 10.66¢
maintenance
9.42¢ 8.80¢ 8.19¢ 7.46¢ 9.12¢
cost per mile
20.64¢ 24.02¢ 13.38¢ 11.13¢ 19.7
Ownership Costs
full-coverage insurance
$1,096 $1,242 $1,212 $1,227 $1,202
license, registration, taxes
$855 $1,127 $726 $74 $851
depreciation (15k mi/yr)
$4,250 $4,267 $3,519 $5,323 $3,721
finance charge
$803 $1,069 $684 $826 $819
cost per year
$7,004 $7,705 $6,141 $7,450 $6,593
cost per day
$19.19 $21.11 $16.82 $20.41 $18.06
Total Cost Per Mile – 10k mi/yr
cost per mile driven
$2,064 $2,402 $1,338 $1,113 $1,979
cost per year
$7,004 $7,705 $6,141 $7,450 $6,593
depreciation
1
-$264 -$454 -$255 -$370 $335
total cost per year
$8,805 $9,653 $7,224 $8,193 $8,236
total cost per day
$24.12 $26.45 $19.79 $22.45 $22.57
total cost per mile
2
$0.8805 $0.9653 $0.7224 $0.8193 $0.8236
Total Cost Per Mile – 15k mi/yr
cost per mile driven
$3,096 $3,603 $2,007 $1,669 $2,968
cost per year
$7,004 $7,705 $6,141 $7,450 $6,593
total cost per year
$10,101 $11,308 $8,148 $9,119 $9,561
total cost per day
$27.67 $30.98 $22.32 $24.98 $26.19
total cost per mile
2
$0.6734 $0.7539 $0.5432 $0.6079 $0.6374
Total Cost Per Mile – 20k mi/yr
cost per mile driven
$4,129 $4,804 $2,677 $2,225 $3,957
cost per year
$7,004 $7,705 $6,141 $7,450 $6,593
depreciation
1
+$286 +$495 +$277 +$395 $364
total cost per year
$11,419 $13,004 $9,094 $10,070 $10,914
total cost per day
$31.29 $35.63 $24.91 $27.59 $29.90
total cost per mile
2
$0.5710 $0.6502 $0.4547 $0.5035 $0.5457
1
Depreciation for mileage under or over 15,000 miles annually averaged over 5 years.
2
Total cost per year ÷ total miles per year.
Please note the figures in each vehicle category are the average costs for five top-selling
2020 models selected by AAA for this year’s Your Driving Costs study.
YOUR DRIVING COSTS | 2020 7
Behind the Numbers
AAA provides more than 61 million members
with automotive, travel, insurance and financial
services through its federation of 32 motor clubs
and over 1,000 branch oces across North
America. Since 1902, the not-for-profit, fully
tax-paying AAA has been a leader and advocate
for safe mobility. Drivers can request roadside
assistance, identify nearby gas prices, locate
discounts, book a hotel or map a route via the
AAA Mobile app.
AAA has published Your Driving Costs since
1950. That year, driving a car 10,000 miles cost
9 cents a mile, and gasoline sold for 27 cents
per gallon.
Methodology
The Your Driving Costs study employs a proprietary AAA
methodology to analyze the costs of owning and operating
a new vehicle in the United States. Most driving costs in this
edition are comparable to those in the 2018 version. However,
revised calculations that better reflect real-world expenses have
set new baselines for maintenance costs and the overall average
driving costs compared to previous editions.
The AAA methodology uses data from a variety of sources,
including Vincentric LLC, and incorporates standardized criteria
to estimate the costs of using a new vehicle for personal
transportation over five years and 75,000 miles of ownership.
The use of standardized criteria ensures AAA estimates are
consistent when comparing the driving costs of dierent vehicle
types. Actual driving costs will vary based on driving habits,
location, operating conditions and other factors.
The AAA Your Driving Costs estimates are provided to help
consumers make informed vehicle purchase decisions and
budget for annual automotive expenses.
YOUR DRIVING COSTS | 2020 8
AAA Car Care Resources
AAA oers several resources to complement
information found in your owners manual.
AAA.com/autorepair
This site features a search tool to help users
locate nearby AAA Approved Auto Repair
(AAR) facilities. It also has a tool for estimating
repair costs and articles that discuss various
aspects of car care.
AAA Approved Auto Repair
The AAR network includes nearly 7,000 shops
across North America that are visited regularly
and inspected annually by AAA to ensure they
meet AAAs rigorous quality standards. AAA
members receive priority service when their
car is towed in, assistance in obtaining alternate
transportation (if necessary), repair discounts,
written estimates, free maintenance inspections,
a minimum 24-month/24,000-mile warranty
and AAA arbitration to resolve repair disputes.
AAA Mobile App
Available for both Apple and Android devices,
AAAs app provides AAA Approved Auto Repair
shop locations and information, along with a
variety of other useful benefits.
Contents may be reprinted in part
or in their entirety with attribution.
©AAA 2020