Mon September 24, 2012
Kentucky Drivers Face High "Misery Index" Rating
When it comes to keeping a vehicle on the road, Kentucky ranks in the top 10 of a new survey. Unfortunately, it’s not a survey you want to rank high in.
The Automotive Misery Index is compiled by carinsurance.com, and weighs each state’s average household income against the cost of gas, number of miles driven, and price of full insurance coverage. Those figures were based on what would be needed to keep a 2012 Honda Accord EX on the road.
Kentucky motorists pay the ninth-highest costs in the nation, losing 9.1% of their average household income to vehicle costs.
Mississippi had the highest misery index reading, with New Hampshire motorists having the lowest.
Weighing on Kentucky’s rating include the fact that it’s a predominately rural state, meaning motorists often have to drive long distances to get to their destinations.
Tennessee drivers face the 13th highest misery index, spending an estimated 8.5% of annual household incomes on vehicle costs. Indiana was 21st, with a 7.2% automotive misery rating.
You can see the full results of the latest Automotive Misery Index here.