The Most Expensive States To Own A Car, Ranked
From repair costs to insurance premiums, owning a car is an expense that extends far beyond the purchase price. As of 2022, it costs $10,728 per year, or $894 per month, to own and operate a new car, according to AAA. That’s up 10.99% from 2021.
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.
To determine which states are the most expensive for car ownership, Forbes Advisor analyzed gas prices, car repair costs, car insurance rates and monthly auto loan payments for all 50 states.