Bankrate – The Midwest has one quality that Americans are sure to love: It’s home to some of the least expensive states for drivers. Several Midwestern states ranked among the cheapest in the country, according to Bankrate’s 2014 car cost study.
Bankrate analyzed the cost of gasoline, repairs and insurance in all 50 states and the District of Columbia. 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.
Estimated annual cost of car ownership |
||||
|---|---|---|---|---|
| State | Repairs | Insurance | Gasoline | Total |
| Iowa | $315 | $630 | $998 | $1,942 |
| Ohio | $328 | $698 | $947 | $1,973 |
| Illinois | $343 | $805 | $852 | $1,999 |
| Idaho | $349 | $664 | $988 | $2,001 |
| Wisconsin | $329 | $658 | $1,031 | $2,018 |
| South Dakota | $312 | $654 | $1,056 | $2,022 |
| Pennsylvania | $364 | $908 | $781 | $2,052 |
| New Hampshire | $328 | $767 | $975 | $2,070 |
| Nebraska | $347 | $709 | $1,025 | $2,081 |
| Oregon | $380 | $807 | $893 | $2,081 |
| Utah | $371 | $810 | $918 | $2,098 |
| Virginia | $382 | $758 | $964 | $2,104 |
| Kansas | $352 | $764 | $991 | $2,108 |
| Maine | $328 | $682 | $1,109 | $2,119 |
| Colorado | $385 | $848 | $890 | $2,123 |
| North Carolina | $390 | $708 | $1,032 | $2,129 |
| Tennessee | $353 | $762 | $1,021 | $2,136 |
| Hawaii | $370 | $906 | $869 | $2,145 |
| Alaska | $341 | $1,077 | $730 | $2,147 |
| Washington | $375 | $910 | $866 | $2,151 |
| Minnesota | $346 | $782 | $1,033 | $2,162 |
| Massachusetts | $358 | $984 | $827 | $2,169 |
| Vermont | $270 | $730 | $1,178 | $2,177 |
| South Carolina | $368 | $860 | $958 | $2,186 |
| Indiana | $329 | $709 | $1,162 | $2,200 |
| Arizona | $362 | $963 | $888 | $2,213 |
| North Dakota | $344 | $662 | $1,207 | $2,213 |
| Nevada | $364 | $1,078 | $771 | $2,214 |
| Texas | $364 | $1,001 | $860 | $2,226 |
| Arkansas | $361 | $813 | $1,055 | $2,229 |
| Missouri | $353 | $780 | $1,099 | $2,232 |
| California | $390 | $906 | $940 | $2,237 |
| Montana | $360 | $822 | $1,067 | $2,250 |
| New York | $365 | $1,196 | $713 | $2,273 |
| Washington, D.C. | $392 | $1,273 | $618 | $2,283 |
| Kentucky | $367 | $848 | $1,073 | $2,288 |
| Rhode Island | $371 | $1,142 | $800 | $2,314 |
| West Virginia | $310 | $975 | $1,033 | $2,318 |
| Oklahoma | $338 | $839 | $1,175 | $2,352 |
| Maryland | $388 | $1,030 | $951 | $2,368 |
| New Mexico | $345 | $895 | $1,131 | $2,371 |
| Connecticut | $385 | $1,058 | $929 | $2,372 |
| Michigan | $317 | $1,064 | $994 | $2,375 |
| Alabama | $352 | $793 | $1,237 | $2,381 |
| Delaware | $314 | $1,110 | $967 | $2,391 |
| Georgia | $385 | $927 | $1,096 | $2,408 |
| New Jersey | $393 | $1,244 | $783 | $2,421 |
| Mississippi | $356 | $901 | $1,231 | $2,487 |
| Florida | $377 | $1,124 | $1,015 | $2,516 |
| Louisiana | $354 | $1,277 | $924 | $2,555 |
| Wyoming | $324 | $792 | $1,588 | $2,705 |
Bankrate ranked all 50 states and the District of Columbia using three main criteria: repairs, insurance and gasoline. Labor and parts data were provided by CarMD.com’s analysis of more than 160,000 repairs in the U.S. in 2012. Gas spending was calculated with 2013 average pump prices from GasBuddy.com and the Bureau of Transportation Statistics on fuel efficiency (in 2012) and average vehicle miles traveled (in 2010). Insurance costs were compiled with National Association of Insurance Commissioners statistics from 2007 to 2011.
Read more: http://www.bankrate.com/finance/auto/car-ownership-costs-by-state.aspx#ixzz3AJMSSBk8Follow: @Bankrate on Twitter.com | facebook.com/Bankrate on Facebook