A person in a suit pumps gas into their vehicle. In July 2022, the average transaction price (ATP) of a new vehicle was $48,182, according to Kelley Blue Book. (Credit: jdjana/iStockphoto.com)

Drivers have shelled out almost $90 more per month to own and operate their vehicles in 2022 than they did in 2021, according to the latest research from AAA. In 2021, the average annual cost to own and operate a vehicle was $9,666, or $805.50 a month. The rising cost of things like fuel and maintenance have driven this figure to $10,728, or $894 a month, in 2022.

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Brittney Meredith-Miller

Brittney Meredith-Miller is assistant editor of PropertyCasualty360.com. She can be reached at [email protected].

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