Most and Least Expensive States to Own a Car
If you live in the U.S., you’re probably curious as to where it’s cheapest and most expensive to own a car.
According to recent analysis from Bankrate.com, living in the Midwest will save you money annually when it comes to owning a vehicle.
In order to determine the least and most expensive states, the company looked at the cost of gasoline along with repairs and insurance with labor and parts data provided by CarMD.com. Gas spending was calculated with statistics from GasBuddy.com and the Bureau of Transportation Statistics, while insurance costs were compiled from National Association of Insurance Commissioners statistics.
SEE ALSO: Top 10 Cheapest States for Car Insurance
By adding up the estimated annual cost of repairs, insurance and gasoline, the study found Wyoming to be the most expensive state to own a car, tallying a total average of $2,705 a year. Louisiana followed Wyoming at $2,555 while Florida will run you $2,516 annually. Rounding off the top ten were Mississippi ($2,487), New Jersey ($2,421), Georgia ($2,408), Delaware ($2,391), Alabama ($2,381), Michigan ($2,375) and Connecticut ($2,372).
On the opposite end of the spectrum, Iowa was the cheapest state to own a vehicle with an estimated annual cost of $1,942. Ohio was close behind at $1,973 while Illinois will run the average person $1,999. The rest of the top ten consisted of Idaho ($2,001), Wisconsin ($2,018), South Dakota ($2,022), Pennsylvania ($2,052), New Hampshire ($2,070), Nebraska ($2,081) and Oregon ($2,081).
[Image Credit: CheyenneCity.org]
Jason Siu began his career in automotive journalism in 2003 with Modified Magazine, a property previously held by VerticalScope. As the West Coast Editor, he played a pivotal role while also extending his expertise to Modified Luxury & Exotics and Modified Mustangs. Beyond his editorial work, Jason authored two notable Cartech books. His tenure at AutoGuide.com saw him immersed in the daily news cycle, yet his passion for hands-on evaluation led him to focus on testing and product reviews, offering well-rounded recommendations to AutoGuide readers. Currently, as the Content Director for VerticalScope, Jason spearheads the content strategy for an array of online publications, a role that has him at the helm of ensuring quality and consistency across the board.
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