Owning a car is a significant expense of a substantial number of people, but it turns out that where you live can have a big impact on how much it costs to have a vehicle. National Business Capital recently released a list of the best states to own and operate a car in 2024, looking at prices, taxes, and other factors to calculate the costs.
The study found that people in western states face the highest car ownership costs, with stout gas prices and higher registration fees. Vermont topped the list as the best state in which to own a car, with low average annual insurance rates of $400 for minimal coverage, cheap used cars, and low sales tax rates. At the same time, Vermonters pay more in gas prices and registration fees than dozens of other states.
