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Bankrate ranks cheapest, most expensive states to own a car

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Operating a car or truck is less expensive in Maryland than in more than half the states.

This is refreshing news, given that Maryland often comes out being on the pricey end of surveys because of our taxes.

According to Bankrate.com, Maryland comes is rated the 29th-most-expensive state for vehicle owners based on the cost of gas, insurance, repairs, taxes and fees.

Bankrate figures the typical Marylander pays $3,158 a year to own and maintain a vehicle. That’s a little better than the national average of $3,201 a year.

The most expensive place for car owners? Georgia, where motorists pay $4,233 a year for driving and maintaining a vehicle.

According to Bankrate, Georgia lacks public transportation. Plus, Atlanta is so spread out that drivers spend a lot of time on the road. This means Georgians spend more on gas and for insurance. Plus, Bankrate said, the state has highest auto taxes and fees in the country.

Other pricey states in order: California, Wyoming, Rhode Island and Nevada.

Cheapest state? Oregon, which doesn’t have a state sales tax and low insurance rates. And Oregonians drive less than the national average, Bankrate said.

Other cheap states in order: Alaska, South Dakota, Montana and Indiana.

 

Copyright © 2014, The Baltimore Sun
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