Motor City most expensive town in which to own car

A management-consulting firm by the name of Runzheimer International released a report that revealed Detroit, MI as the most expensive city U.S. city in which to own and operate a motor vehicle. The firm calculated it costs $11,844 per year to own a mid-size car like the Ford Five Hundred in Detroit, with nearly $5,200 of that total going towards insurance alone. Thearticle from CNN/Money has a list of other cities and their cost of car ownership, which reveals that Philadelphia comes in a not-so-close second with an annual car ownership cost of $10,672. This is one report I can attest to personally, as last year I moved from Detroit back to my hometown in Ohio where comprehensive coverage for my 1994 Mazda Protege was less expensive than the cheapest liability coverage I could find in Detroit.

By John Neff
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A management-consulting firm by the name of Runzheimer International released a report that revealed Detroit, MI as
the most expensive city U.S. city in which to own and operate a motor vehicle. The firm calculated it costs $11,844 per
year to own a mid-size car like the Ford Five Hundred in Detroit, with nearly $5,200 of that total going towards
insurance alone.

The article from
CNN/Money has a list of other cities and their cost of car ownership, which reveals that Philadelphia comes in a
not-so-close second with an annual car ownership cost of $10,672.

This is one report I can attest to personally, as last year I moved from Detroit back to my hometown in Ohio where
comprehensive coverage for my 1994 Mazda Protege was less expensive than the cheapest liability coverage I could find
in Detroit.