Rapidly rising auto insurance rates put long-term pressure on drivers

Driver education firm predicts which states will be the most and least expensive for auto ownership.


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  • | 9:30 a.m. February 12, 2022
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A decade from now, Florida is expected to be the fifth most expensive state in which to own a car, according to research conducted by Zutobi, a driver education company.

Using car value depreciation, rising fuel and insurance costs as measuring sticks, Zutobi did a state-by-state calculation of what it will cost to own a F-150 pickup truck, the best-selling vehicle in the United States, in 2031. Its researchers found it will cost Floridians $6,582 to own a F-150 10 years from now — an increase of $959. Only Louisiana, Nevada, California and Hawaii are ranked higher.

 

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