2024 Toyota Prius Cost in Michigan
Complete cost breakdown including taxes, insurance, fuel, and maintenance
Total 5-Year Cost
$51,846
Monthly Equivalent
$864
Sales Tax
6%
Annual Insurance
$2,936
Complete Cost Breakdown
Total Cost of Ownership
$51,846
Over 5 years in Michigan
Monthly Equivalent
$864/mo
12,000 miles/year
Purchase Price
$28,675
Sales Tax
$1,721
6% in Michigan
Registration
$650
5 years
Insurance
$14,680
$2,936/year
Fuel
$3,910
$782/year
Maintenance
$2,210
$442/year avg
Estimated Depreciation
$15,198
Your 2024 Toyota Prius will lose approximately $15,198 in value over 5 years
Vehicle Type
Sedan
Fuel Economy
56 MPG combined
Reliability Rating
4.5/5.0
Michigan Vehicle Costs
Sales Tax Rate
6%
State: 6% + Local: 0%
Avg Insurance
$2,878
Ranked #1 of 50 states
Registration Fee
$130
Per year (average)
Gas Price
$3.65
Per gallon
Frequently Asked Questions
What is the total cost of owning a 2024 Toyota Prius in Michigan?
The total 5-year ownership cost is approximately $51,846, which includes the purchase price ($28,675), sales tax (6%), insurance (avg $2,878/year), fuel, maintenance, and registration fees.
How much is insurance for a Prius in Michigan?
The average annual insurance cost in Michigan is $2,878. For this Prius, the estimated annual insurance is $2,936, which may vary based on your driving record, age, and coverage level.
What are the registration fees in Michigan?
In Michigan, the average annual vehicle registration fee is $130. This may vary based on the vehicle's age, weight, and value.
Is a Prius expensive to maintain?
The 2024 Toyota Prius has a 5-year maintenance cost of approximately $2,210, with a reliability rating of 4.5/5.0, making it very reliable.
Customize Your Calculation
Calculate Ownership Cost
MSRP: $28,675 • Sedan
Sales Tax: 6% • Insurance Avg: $2,878/yr
How long do you plan to own the vehicle?
Average: 12,000 miles/year