Report: Mississippians pay some of highest car costs in U.S.

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Published: August 11,2014

Tags: automobile, Bankrate.com, car, COST, gasoline, insurance, repair, report

automobileACROSS MISSISSIPPI — Wyoming is the most expensive state to operate a motor vehicle and Iowa is the cheapest, according to a new Bankrate.com report, but Mississippi is not too far behind.

Bankrate factored in the annual costs of gasoline, insurance and repairs.

In Wyoming, a typical driver spends $2,705 per year to operate his or her vehicle. In Iowa, the average driver spends just $1,942 per year. The national average is $2,223.

While Wyoming has below-average costs for car repairs, gas prices and insurance, drivers in this state drive 68 percent more than the typical driver and therefore spend a whopping $1,588 per year on gas — more than anywhere else in the country.

One major reason Iowa is the cheapest place to operate a vehicle is because drivers there enjoy the cheapest car insurance rates in the country (average of just $630 per year). Car repairs are also relatively inexpensive; typical drivers in Iowa spend just $315 per year.

Louisiana ($2,555), Florida ($2,516), Mississippi ($2,487) and New Jersey ($2,421) round out the five most expensive states.

Ohio ($1,973), Illinois ($1,999), Idaho ($2,001) and Wisconsin ($2,018) join Iowa among the five cheapest states.

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One Response to “Report: Mississippians pay some of highest car costs in U.S.”

  1. Toledo Leaders See Big Battles On Many Fronts In Water Crisis – Toledo Blade | acepecar Says:

    […] ACROSS MISSISSIPPI Wyoming is the most expensive state to operate a motor vehicle and Iowa is the cheapest, according to a new Bankrate.com report, but Mississippi is not too far behind. Bankrate factored in the annual costs of gasoline, insurance and repairs. In Wyoming, a typical driver spends $2,705 per year to operate his or her vehicle. In Iowa, the average driver spends just $1,942 per year. The national average is $2,223. While Wyoming has below-average costs for car repairs, gas prices and insurance, drivers in this state drive 68 percent more than the typical driver and therefore spend a whopping $1,588 per year on gas more than anywhere else in the country. One major reason Iowa is the cheapest place to operate a vehicle is because drivers there enjoy the cheapest car insurance rates in the country (average of just $630 per year). For the original version including any supplementary images or video, visit http://msbusiness.com/blog/2014/08/11/report-mississippians-pay-highest-car-costs-u-s/ […]

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