Cost To Operate A Vehicle Ranked By State From BankRate.Com


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NEW YORK, Aug. 21, 2013; Georgia is the most expensive state to operate a motor vehicle and Oregon is the cheapest, according to a new Bankrate.com report. Bankrate factored in the costs of gasoline, insurance, repairs, taxes and fees. In Georgia, a typical driver spends $4,233 per year to operate his or her vehicle. That is almost double the cost in Oregon ($2,204). The national average is $3,201.

Georgians spend a lot of time in their cars thanks in part to Atlanta's sprawling communities and a lack of public transportation. Those long commutes lead to above-average gasoline costs and insurance rates. And Georgia has the highest state automobile taxes and fees in the nation.

Oregonians benefit from the absence of a state sales tax as well as relatively low car insurance costs. Plus, the typical Beaver State resident drives 16% fewer miles than the national average.

California ($3,966), Wyoming ($3,938), Rhode Island ($3,913) and Nevada ($3,886) round out the five most expensive states.

Alaska ($2,227), South Dakota ($2,343), Montana ($2,660) and Indiana ($2,698) join Oregon among the five cheapest states.

For every state, Bankrate determined total car-ownership costs using median insurance premiums provided by the National Association of Insurance Commissioners, average repair costs from CarMD.com and average automobile taxes and fees from Kelley Blue Book. Bankrate estimated average gasoline spending using average pump prices from GasBuddy.com.

Estimated annual cost of car ownership

RankStateRepairsTaxes/feesGasolineInsuranceTotal
1Georgia$385$1,952$1,129$767$4,233
2California$390$1,809$980$786$3,966
3Wyoming$324$1,341$1,643$630$3,938
4Rhode Island$371$1,717$826$999$3,913
5Nevada$364$1,741$811$970$3,886
6Arizona$362$1,724$937$862$3,886
7Kentucky$367$1,443$1,100$716$3,626
8Massachusetts$358$1,475$856$936$3,625
9Virginia$382$1,568$1,002$670$3,622
10Nebraska$347$1,575$1,069$580$3,571
11Louisiana$354$1,123$967$1,103$3,547
12Missouri$353$1,384$1,123$667$3,527
13Maine$328$1,425$1,144$605$3,502
14Connecticut$385$1,177$960$963$3,485
15Mississippi$356$1,045$1,279$749$3,428
16Florida$377$949$1,043$1,042$3,413
17Colorado$385$1,335$916$745$3,381
18Washington$375$1,256$913$832$3,377
19Arkansas$361$1,198$1,098$663$3,321
20New York$365$1,146$743$1,062$3,315
21West Virginia$310$1,092$1,070$820$3,293
22Minnesota$346$1,174$1,060$711$3,291
23New Jersey$393$915$830$1,119$3,257
24Michigan$317$976$1,025$921$3,240
25Oklahoma$338$998$1,215$669$3,221
26South Carolina$368$1,106$997$749$3,219
27North Carolina$390$1,135$1,070$599$3,193
28New Mexico$345$923$1,192$725$3,186
29Maryland$388$851$980$939$3,158
30Utah$371$1,073$950$708$3,101
31Texas$364$980$895$838$3,078
32Tennessee$353$1,012$1,058$644$3,067
33Iowa$315$1,186$1,015$530$3,046
34Alabama$352$662$1,284$667$2,965
35Vermont$270$814$1,215$656$2,954
36North Dakota$344$800$1,246$517$2,907
37Kansas$352$861$1,019$619$2,852
38Delaware$314$511$1,002$1,019$2,846
39Illinois$343$889$872$728$2,832
40New Hampshire$328$751$1,008$739$2,826
41Ohio$328$879$975$627$2,810
42Idaho$349$867$1,015$561$2,792
43Wisconsin$329$796$1,063$591$2,779
44Pennsylvania$364$769$813$818$2,764
45Hawaii$370$636$887$812$2,705
46Indiana$329$558$1,190$621$2,698
47Montana$360$521$1,118$661$2,660
48South Dakota$312$415$1,092$524$2,343
49Alaska$341$202$771$914$2,227
50Oregon$380$157$942$724$2,204
       
 Average$353$1,058$1,028$762$3,201

For every state, Bankrate determined total car-ownership costs using median insurance premiums provided by the National Association of Insurance Commissioners, for 2006 to 2010; average 2012 repair costs from CarMD.com; and taxes and fees from Kelley Blue Book. Gasoline spending was estimated after analyzing government statistics and 2012 prices from GasBuddy.com using average pump prices. Bankrate didn't include data on vehicle depreciation in its analysis, since geography isn't a major factor in determining that cost.

About Bankrate, Inc.

Bankrate is a leading publisher, aggregator, and distributor of personal finance content on the Internet. Bankrate provides consumers with proprietary, fully researched, comprehensive, independent and objective personal finance editorial content across multiple vertical categories including mortgages, deposits, insurance, credit cards, and other categories, such as retirement, automobile loans, and taxes. The Bankrate network includes Bankrate.com, our flagship website, and other owned and operated personal finance websites, including CreditCards.com, Interest.com, Bankaholic.com, Mortgage-calc.com, CreditCardGuide.com, Nationwide Card Services, InsuranceQuotes.com, CarInsuranceQuotes.com, InsureMe, Bankrate.com.cn, CreditCards.ca, NetQuote.com, and CD.com. Bankrate aggregates rate information from over 4,800 institutions on more than 300 financial products. With coverage of nearly 600 local markets in all 50 U.S. states, Bankrate generates over 172,000 distinct rate tables capturing on average over three million pieces of information daily. Bankrate develops and provides web services to over 80 co-branded websites with online partners, including some of the most trusted and frequently visited personal finance sites on the Internet such as Yahoo!, AOL, CNBC, and Bloomberg. In addition, Bankrate licenses editorial content to over 500 newspapers on a daily basis including The Wall Street Journal, USA Today, The New York Times, The Los Angeles Times, and The Boston Globe.

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