The average annual cost of owning a car is projected to rise sharply by 2026, reaching nearly $13,000 per year, according to new financial estimates. Rising expenses include higher vehicle prices, increased insurance premiums, and growing maintenance costs driven by inflation and supply chain challenges. Experts warn that these financial pressures may force many drivers to reconsider their transportation choices. The analysis highlights how economic shifts are reshaping personal budgets nationwide.
Owning a Car Costs You $12,863 per Year in 2026 News & Observer
