Hidden car costs average $700 extra monthly in Georgia

Car ownership costs have risen significantly, averaging $12,297 per year or about $1,025 monthly, according to a 2024 AAA study. Hidden expenses, such as insurance and fuel, contribute heavily to these costs, especially in states like Georgia, where drivers pay nearly $700 extra monthly. Costs vary by state, with some states like Alaska and New Hampshire having no sales tax on cars. California has the highest gas prices, while Indiana drivers face the highest annual fuel costs. Rising insurance rates are also affecting car owners nationwide. Many Americans spend about 20% of their monthly income on car-related expenses, with some taking on second jobs to manage payments. Concerns over rising vehicle prices due to tariffs have further impacted consumer confidence, which is at a four-year low.