Monday, August 22, 2005

The costliest city to drive in: Detroit

Drivers in the Motor City pay half again as much as those in Knoxville to own a car -- and most of the extra $4,400 a year is for insurance.

By MSN Money staff

Driving a typical midsize sedan costs 50% more in Detroit than in Knoxville, Tenn., according to new analysis by relocation expert Runzheimer International.

Runzheimer says insurance is the main culprit in Detroit’s annual car-ownership bill of $11,844 per year, with liability, comprehensive and collision coverage costing $5,162 a year. That’s $1,000 more than the next most costly city for insurance, Philadelphia, and almost $2,000 more than No. 3, Los Angeles.

Drivers in cities such as Roanoke, Va., or Green Bay, Wis., would pay less than $1,000 a year for the same coverage, Runzheimer says.
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