Cost of Owning a Car in Michigan
How Michigan’s gas prices, electricity rates, sales tax and insurance costs affect what you’ll typically pay to own a vehicle.
Michigan at a glance
Gas price
$3.55per gallon, illustrative averageElectricity
$0.17per kWh, illustrative averageSales tax
6.00%plus ~$120 average registrationInsurance in Michigan runs above the national average in this model, reflected as a 1.40× multiplier on our base class rates.
What drives the cost in Michigan
Costs are pushed up mainly by insurance rates (about $3,417 more over 5 years) and sales tax (about $464 more over 5 years). (Figures are for a typical SUV compared with the average state.)
5-year cost by vehicle class in Michigan
Uses real market-average vehicle prices per class (from our 152-vehicle MarketCheck pull) combined with Michigan-specific tax, fee, fuel and insurance data.
Sedan
$37,1885-year estimate, $620/moSUV / crossover
$49,7325-year estimate, $829/moTruck
$52,1365-year estimate, $869/moElectric
$52,8605-year estimate, $881/moLuxury
$74,6265-year estimate, $1,244/moPopular vehicles: 5-year cost in Michigan
2026 Toyota RAV4
$38,9305-year cost in MichiganFull breakdown →2026 Honda CR-V
$38,6065-year cost in MichiganFull breakdown →2026 Toyota Camry
$34,3425-year cost in MichiganFull breakdown →2026 Honda Civic
$30,2865-year cost in MichiganFull breakdown →2026 Ford F-150
$64,2575-year cost in MichiganFull breakdown →2026 Tesla Model Y
$42,8515-year cost in MichiganFull breakdown →2026 Chevrolet Equinox
$43,7145-year cost in MichiganFull breakdown →2026 Toyota Corolla
$30,2385-year cost in MichiganFull breakdown →EV vs. gas in Michigan
At Michigan’s $0.17/kWh electricity and $3.55/gal gas, charging a typical EV at home costs about $673 a year, versus about $1,374 a year to fuel a typical gas sedan — a savings of $701 per year. Run your own numbers with the EV vs. gas calculator.