{"id":13938,"date":"2018-08-27T18:00:45","date_gmt":"2018-08-27T23:00:45","guid":{"rendered":"http:\/\/www.paristn.net\/articles\/?p=13938"},"modified":"2018-08-27T10:14:46","modified_gmt":"2018-08-27T15:14:46","slug":"aaa-says-ride-hailing-twice-the-cost-of-car-ownership","status":"publish","type":"post","link":"https:\/\/www.paristn.net\/articles\/2018\/08\/27\/aaa-says-ride-hailing-twice-the-cost-of-car-ownership\/","title":{"rendered":"AAA says Ride-Hailing Twice the Cost of Car Ownership"},"content":{"rendered":"

The Auto Club Group (AAA)<\/h2>\n

\"AAA\"Orlando, FL<\/strong> – Ride-hailing services are a popular and convenient transportation option, but a new AAA analysis shows they are not a cost-effective replacement for vehicle ownership.<\/p>\n

According to the AAA Foundation for Traffic Safety, the average driver in an urban area \u2013 the only setting in which using these services are a practical full-time transportation option \u2013 drives 10,841 miles per year.<\/p>\n

\"Auto<\/a><\/p>\n

While urban drivers travel fewer miles than those living in smaller towns or rural areas, relying on ride-hailing services as a primary mode of transportation would cost $20,118 annually.<\/p>\n

This equates to more than twice the cost of owning a personal vehicle, even when factoring in the expense of fuel, insurance, parking and the vehicle itself.<\/p>\n

\u201cWhether you own a vehicle or not, ride-hailing services are a convenient transportation option,\u201d said John Nielsen, managing director, Automotive Engineering and Repair. \u201cHowever, with the average American city-dweller driving nearly 11,000 miles per year, a personal vehicle is still the more cost-effective choice.\u201d<\/p>\n

For the study, AAA analyzed the costs of ride-hailing services (including the use of an occasional rental car) in 20 major urban areas.<\/p>\n

Based on the average number of miles traveled by city-dwellers, annual ride-hailing costs are as follows:<\/h4>\n
\n\n\n\n\n\n\n\n\n\n\n\n\n
Atlanta<\/th>\n$17,741<\/td>\nNashville<\/th>\n$26,397<\/td>\n<\/tr>\n
Austin<\/th>\n$19,821<\/td>\nNew York<\/th>\n$21,279<\/td>\n<\/tr>\n
Baltimore<\/th>\n$19,917<\/td>\nPhiladelphia<\/th>\n$23,201<\/td>\n<\/tr>\n
Boston<\/th>\n$27,545<\/td>\nPhoenix<\/th>\n$17,436<\/td>\n<\/tr>\n
Chicago<\/th>\n$22,020<\/td>\nPittsburgh<\/th>\n$18,940<\/td>\n<\/tr>\n
Cleveland<\/th>\n$20,091<\/td>\nSalt<\/strong> Lake City<\/strong><\/th>\n$18,866<\/td>\n<\/tr>\n
Dallas<\/th>\n$16,944<\/td>\nSan Diego<\/th>\n$17,316<\/td>\n<\/tr>\n
Denver<\/th>\n$20,434<\/td>\nSan Francisco<\/th>\n$21,972<\/td>\n<\/tr>\n
Los Angeles<\/th>\n$17,951<\/td>\nSeattle<\/th>\n$23,951<\/td>\n<\/tr>\n
Miami<\/th>\n$17,339<\/td>\nWashington, D.C.<\/th>\n$21,093<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n

 <\/p>\n

According to data from AAA\u2019s annual Your Driving Costs<\/em> study, the average annual cost<\/a> to own and operate a new vehicle, the costliest form of vehicle ownership, is $7,321 for 10,841 miles of travel annually.<\/p>\n

[320left]Understanding that parking costs can be a major ownership expense for those living in urban areas, AAA also analyzed the costs of flat-rate parking per year, which ranges from $706.00 (Phoenix) to $8,088 (New York), with an average cost of $2,728. For those with access to free parking, relying on ride-hailing services is nearly three times more expensive than vehicle ownership in these cities.<\/p>\n

\u201cFor those who travel a very limited number of miles annually, or have mobility issues that prevent them from driving a personal vehicle, ride-hailing can be a viable and important option,\u201d continued Nielsen. \u201cBut, for everyone else: the car is still king.\u201d<\/p>\n

Vehicle owners looking to minimize their operating costs should consider the following:<\/h4>\n