Here’s how much it costs to own a car in California
Owning a car is not cheap, especially in some states.
As record inflation drove up the costs of basic necessities – from groceries to clothing – a study by To assure analyzed how much it costs to own a car in each state.
The study, released in August and before the recent spike in gas prices, is based on the average cost of insurance, property taxes, gas and repairs. The website has not calculated car rental or loan costs, as this may vary for each person.
The website, which helps customers compare car insurance quotes, found that the national average cost of owning a car is $4,960.
On average, drivers across the United States spend $1,705 on car insurance, $247 in annual taxes for vehicles worth about $25,000, $1,728 on gas for people who drive 14,249 miles per year and $1,282 in car repairs, maintenance and tires per year.
In California, it costs $4,796 to own a car, 3% less than the national average, according to the study.
The average cost of auto insurance in the Golden State is $1,357.
While the average cost to own a car in California is high, it costs even more to own a car in some other states.
Wyoming was ranked as the most expensive state to own a car, with an average cost of $6,327. Nevada ranked second with an average cost of $6,315.
On the other hand, the District of Columbia ranked as the cheapest place to own a car. The average cost is $3,619, 27% less than the national average.
The full study can be viewed here.
The study found that vehicle taxes and driving rates made owning a car more expensive in some states.
Suggest a fix