The most expensive states to own a car, ranked - Forbes Advisor Study

Hi The Auto Channel News Team,

With car insurance rates increasing by nearly 15% in 2023 and auto loan
delinquencies rising nationwide, the cost of car ownership remains a pain
point for Americans.

In some parts of the country, car ownership poses a greater financial
burden for drivers due to the high cost of gas, repairs and car insurance.
So, which states are the most expensive to own a car?

To find out, Forbes Advisor analyzed gas prices, car repair costs, car
insurance rates and monthly auto loan payments for all 50 states.

Key Findings:

   -

   California and Nevada tied as the most expensive states to own a car in
   the U.S, followed by Colorado, Florida and Alaska.
   -

   Ohio is the least expensive state to own a car, followed by Iowa,
   Wisconsin, Maine and New Hampshire.
   -

   Seven of the 10 most expensive states for car ownership are located in
   the Pacific and West.
   -

   Six of the 10 least expensive states for car ownership are in the
   Midwest.
   -

   Connecticut is the most expensive state for car repairs (Connecticut
   residents pay $418.37 on average for check engine light-related car
   repairs).
   -

   New York is the most expensive state for full coverage car insurance
   ($4,769 per year).


Find the full report, including the methodology and infographics, here
<https://www.forbes.com/advisor/car-insurance/most-expensive-states-to-own-car/>
.

Please feel free to reference any of these findings with attribution to
“Forbes Advisor�?? and a hyperlink to our full report.


If you have any questions, please let me know!

Thanks,