Home / Cost Per Mile Calculator

Cost Per Mile Calculator

A car driven 12,000 miles a year with $2,200 in fuel, $1,400 in insurance, $800 in maintenance, and $4,500 in depreciation costs about $0.74 per mile, or $8,900 a year. Swap in your own annual costs below.

Details

Annual miles driven

Fuel cost per year ($)

Insurance per year ($)

Maintenance & repairs per year ($)

Depreciation + payments per year ($)

Results

Cost per mile -

Total annual cost -

Cost per month -

Estimates only. Confirm exact terms with your lender or dealer.

By Jessica Martinez, Contributing Writer, Business & Finance · Updated 2026-07-02

How much does it cost to drive a mile?

Your real cost of driving is more than gas. We sum fuel, insurance, maintenance and depreciation/payments and divide by annual miles for a true cost per mile.

Depreciation is often the biggest cost - don't leave it out.

CarCalcTools has more free tools

Price your next car with our other free auto calculators.

See all calculators

Good to know

FAQs

What counts as a cost?

Fuel, insurance, maintenance, repairs and depreciation/payments.

Why per mile?

It lets you compare vehicles and reimburse mileage fairly.

What's the IRS rate?

The IRS sets a standard mileage rate yearly; this computes your own.

Financial advice?

No - an estimate.