Tuesday, August 12, 2014

The LEAST and MOST Expensive States in Which to Own a Car

Bankrate analyzed the cost of gasoline, repairs and insurance in all 50 states and the District of Columbia. Three components were added together to get the total annual cost of owning a car - repairs costs, insurance costs, and totally annual gasoline expenditures. Labor and parts data were provided by CarMD.com, while gas spending was calculated with statistics from GasBuddy.com and the Bureau of Transportation Statistics. Insurance costs were compiled from National Association of Insurance Commissioners statistics.

Here's a state-by-state breakdown.