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


  • Reporting Potholes in Minnesota
    Mar 12, 2014

    As we noted last week, potholes can cause major damage to your car. Now that temperatures are on the rise, you’ve no doubt encountered a swarm of potholes during one of your commutes. Hopefully you’ve been able to avoid the big potholes, but that wasn’t the case for one Minnesotan whose airbags deployed when he […]

  • How To Change Your Car’s Headlight
    Apr 8, 2015

    If you’re like most Americans, you’ve had to deal with a a burnt out headlight on your vehicle at one point or another. Unlike some other car issues, changing a dead bulb is a relatively quick and easy fix. Below, we walk you through the general steps to replace your car’s headlight. Step 1 – […]

  • Daylight Savings Time and Car Accidents
    Nov 4, 2014

    You probably enjoyed getting an extra hour of sleep this weekend, but it can take your body clock a while to get back in its natural rhythm, which can prove dangerous on the roads. After analyzing traffic accident data, researchers at Texas A&M University found there to be a 7 percent increase in traffic accidents […]