Cost Per Mile Calculator
Calculate the true all-in cost per mile of vehicle ownership including fuel, insurance, maintenance, depreciation, and loan payments.
True Cost Per Mile
$0.88/mile
Fuel/Mile
$0.13
Annual Fuel
$1,890.00
Total Annual
$13,190.00
Cost Breakdown
| Category | Annual | Per Mile |
|---|---|---|
| Fuel | $1,890.00 | $0.13 |
| Insurance | $1,800.00 | $0.12 |
| Maintenance | $1,200.00 | $0.08 |
| Depreciation | $3,500.00 | $0.23 |
| Loan Payment | $4,800.00 | $0.32 |
๐ก How to Use the Cost Per Mile Calculator
Understanding the True Cost of Driving
Fuel is only one part of what it costs to drive. The AAA estimates total vehicle ownership cost at $0.75โ$1.12 per mile for a new vehicle, depending on type. This includes fuel, insurance, maintenance, depreciation, financing, registration, and taxes.
Average Annual Costs by Vehicle Type (2026)
| Category | Small Sedan | Mid SUV | Pickup |
|---|---|---|---|
| Fuel | $1,400 | $2,000 | $2,600 |
| Insurance | $1,600 | $1,800 | $1,900 |
| Maintenance | $900 | $1,100 | $1,200 |
| Depreciation | $3,200 | $4,500 | $4,800 |
| Financing | $800 | $1,100 | $1,300 |
| Total | $7,900 | $10,500 | $11,800 |
| Per Mile | $0.53 | $0.70 | $0.79 |