It’s Bad to Drive in Chicago
July 2, 2014

NerdWallet, a financial website, has offered another analysis of the costs of owning a vehicle in major cities.

In order, the most expensive cities are:

  1. New York City
  2. Detroit — highest average insurance premium of $4,924.99
  3. San Francisco
  4. Chicago
  5. Washington, D.C. — highest annual hours of delay per commuter of 67 hours
  6. Seattle, Washington
  7. Boston, MA
  8. Miami, FL — lowest average gas price at $3.66/gallon
  9. Honolulu, Hawaii — highest average gas price at $4.35/gallon
  10. Oakland, CA

Some of the less expensive cities were:

12. Los Angeles — lowest average number of days with precipitation per year with 32 days
14. Cleveland, OH — highest average number of days with precipitation per year with 150 days, lowest annual hours of delay per commuter with 31 hours, lowest average insurance premium of 4796.54

Nerd Wallet based its analysis on these criteria:

1. Is it expensive to own a car?  To answer this question, we considered gas prices and insurance premiums, which vary widely from city to city. Gas prices are greatly affected by local taxes. Crime, local laws and population density are just some of the factors that affect car insurance premiums.

2. Is the city overcrowded? Weaving though trolleys, cab drivers, pedestrians and cyclists can be difficult and dangerous. Additionally, when a city has a higher population density, it also means the roadways wear down at a faster rate. We assessed this factor through the number of people per square mile.

3. Will you be stuck in traffic? We incorporated the length of traffic delay, which was calculated by the amount of time drivers spend in traffic exceeding their regular commuting time.

4. Does it rain or snow a lot? Precipitation can be dangerous and unpleasant for drivers, decreasing visibility and making the roads slippery. We assessed the cities by including the number of days with precipitation as a factor.

NEW YORK CITY 

  • Average Annual Days of Rain or Snow: 113
  • Annual Hours of Delays per Commuter: 59
  • Gas Prices: average of $3.95/gallon
  • Average Insurance Premium: $1,614.71
  • NYC Parking Cost: average $32/day, average $547.50/mnth
  • NYC Parking Violation Cost: $65 and up
  • NYC Parking Permit: Not Offered

DETROIT

  • Average Annual Days of Rain or Snow: 128
  • Annual Hours of Delays per Commuter: 40
  • Gas Prices: average of $3.90/gallon
  • Average Insurance Premium: just under $4.924.99
  • Parking Cost: info not available

SAN FRANCISCO

  • Average Annual Days of Rain or Snow: 67
  • Annual Hours of Delays per Commuter: 61
  • Gas Prices: average of $4.23/gallon
  • Average Insurance Premium: $1.013.90
  • Parking Cost: average $29/day, average $375/mnth

CHICAGO

  • Average Annual Days of Rain or Snow: 119
  • Annual Hours of Delays per Commuter: 51
  • Gas Prices: average of $4.12/gallon
  • Average Insurance Premium: $1,234.52
  • Parking Cost: average $35/day, average $289/mnth
  • Parking Permit: $85/small cars

 

Filed under: Driving & Traffic News — Tags: , — mtohn @ 4:48 pm
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