AAA estimates the average vehicle owner will spend 9.68 cents per mile, or $1,452 over the course of a 15,000-mile year, on maintenance and repairs for a new vehicle.
Data from the 2022 "Your Driving Costs" report released in August offers finance and insurance professionals and their consumers intelligence on the kind of expenses F&I coverages are meant to hedge against.
AAA's 9.68 cents-per-mile estimate is meant to apply to the first five years of new-vehicle ownership.
The figure includes parts and labor for manufacturer-recommended routine maintenance, the cost of repairs on items that would naturally wear down in that time, such as brakes, and the cost of a vehicle service contract. The estimate excludes costs the manufacturer warranty would have covered in that period — for example, issues that arise in a 3-year/36,000-mile jurisdiction protected by a hypothetical automaker warranty.