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COST OF OWNERSHIP BY STATE

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

$4per gallon, illustrative average

Electricity

$0.17per kWh, illustrative average

Sales tax

6.00%plus ~$120 average registration

Insurance in Michigan runs above the national average in this model, reflected as a 1.40× multiplier on our base class rates.

5-year cost by vehicle class in Michigan

Uses real market-average vehicle prices per class (from our 48-vehicle MarketCheck pull) combined with Michigan-specific tax, fee, fuel and insurance data.

Sedan

$32,5485-year estimate, $542/mo

SUV / crossover

$45,5255-year estimate, $759/mo

Truck

$56,3565-year estimate, $939/mo

Electric

$43,2135-year estimate, $720/mo

Luxury

$68,7035-year estimate, $1,145/mo
Your actual cost depends on the specific vehicle — use the interactive calculator and select Michigan for a number tailored to your car, or browse real vehicle estimates.