March 14, 2021

Costliest

Insurance Makes Michigan Costliest State for Car Ownership

The average cost of car ownership in the U.S. is highest in Michigan and lowest in Alaska, according to a recent study.

The estimates by Move.org, which provides referrals to moving companies and other resources for people who are moving, are based on the average cost of car payments, gas, car insurance and replacement parts across each state.

The average annual cost of car ownership in the U.S. is $5,264.58, Move.org says. In Michigan, the average resident pays $9,304.28 a year for their car, far ahead of second-place Florida at $6,765.22 and third-place Texas at $6,670.51. Delaware ($6,404.80) and Minnesota

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