Iowa Tops List of 'Cheapest' States for Car Ownership

The Midwest is home to some of the cheapest states in which to own a car, according to Bankrate.com. Wyoming and much of the South, meanwhile, are the priciest. The personal-finance website analyzed average repair, insurance and gasoline costs to rate all 50 states plus the District of Columbia from the cheapest to the most expensive, in terms of annual vehicle-ownership costs.

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Iowa took top honors, with an annual driving bill of just $1,942. It’s one of three states where annual driving costs total less than $2,000; Ohio ($1,973) and Illinois ($1,999) were the other two. Conversely, Wyoming ran $2,705 per year. Louisiana ($2,555), Florida ($2,516) and Mississippi ($2,487) joined the Cowboy State as the nation’s priciest places to own a car. Curiously, fourth-cheapest Idaho ($2,001) was $704 cheaper than its neighbor to the east, but $600 of that was because of Wyoming’s sky-high gas prices.

Get the full list below.

Bankrate.com chart
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