Affordable Auto Service - 952-933-0735 HOURS Affordable Auto Service - 952-933-0735 MAP Professional Auto Repair, Maintenance & Customization Services

Car Ownership Costs: A State-by-State Comparison

Annual Car ownership CostsA new study of car ownership by researchers at Bankrate.com found that it’s cheaper to own a car in Minnesota than the national average, but just barely.

The study found that Minnesota ranked 21st in terms of annual cost of ownership, coming in just $38 south of Indiana, the 25th ranked state. To determine the total cost of annual ownership, researchers looked at three key factors:

  • Repairs
  • Insurance
  • Gasoline

Researchers found the average cost of each of those expenses to come up with a grand total. Minnesota ranked 18th for cheapest average auto repair, 16th for average insurance costs, and 36th for average gasoline expenditures. On average, Minnesotans spent $346 annually on repair costs, $782 on car insurance, and $1,033 on gasoline for a total of $2,162 a year.

The cheapest state for car ownership was Iowa, which boasts an annual ownership cost of $1,942. The most expensive state for car ownership was Wyoming. Residents in Wyoming spent an average of $2,705 a year on their car.

The Best and Worst for Car Ownership

As noted above, Iowa and Wyoming rank as the cheapest and most expensive states for car ownership. After Iowa, a slew of Midwest states dominate the Top 5 cheapest states for car ownership. Ohio comes in at second, followed by Illinois. Idaho and Wisconsin.

On the other side of the spectrum, it appears that it’s more costly to own a car in the southeast. After Wyoming, Louisiana slips in as the second most expensive state for car ownership, followed closely by Florida, Mississippi and New Jersey.

In all, the average Iowan spends $763 less each year in auto-related expenses than someone from Wyoming.

For more information on how each state scored in all three categories, head over to Bankrate.com to see the expanded findings.

Related source: Bankrate.com


  • Top 5 Summer Auto Repair Tips
    Jul 9, 2014

    Although the July 4th holiday is in the rearview mirror, summer is still in full swing and that means more miles on the odometer. Before you go on your next adventure, consider these five car care tips that will keep your car in top shape during the hot summer months! Oil Change – Regular oil […]

  • 5 Tips to Prep Your Car for a Long Road Trip
    Apr 18, 2013

    Cross country road trips can be a blast, but it can become a nightmare scenario if something happens to your car far from home.  You never know what type of terrain or weather you’ll encounter on your trip, so it’s best to be prepared of all sorts. Below, we’ve outlined some of the proper precautions […]

  • What Is Causing My Car To Smell Bad?
    Jul 20, 2015

    Most people love the smell of a new car, but it doesn’t take long for that smell to fade. Nowadays, your car probably smells like old socks or stale cheetos, but today, we’re going to take a look at some car smells that signal there’s a problem with your car. Here are some common smells […]