I'm a native Houstonian, and I can tell you from experience that the ridiculously high number of uninsured motorists is a big factor in our high insurance premiums. I live in New Jersey now, and I was surprised to not see Jersey or New York on this list.
@@fedorsalvador2690 I'm surprised, too, but I'm glad it wasn't. I think it may be because in both states, all of the items on the list vary by population. In upstate NY and rural NJ the cost of all those factors drop significantly.
Well gas is relatively low in NJ, car repairs if you know where to go is not too bad dunno about payments. Insurance is middle of the road. I have cheaper insurance in Washington.
I would have also included the costs of registration and car/property tax where applicable. NJ has very low registration (most cars/SUV's/light trucks pay less than $80/year) but insurance premiums are high in part as it is mandated to have liability insurance to register a vehicle here.
As someone who lives in a state the borders Maryland, I’m not surprised that the state has higher car insurance rates. They have some crazy drivers in Maryland lol.
I’m glad that you mention the bigger more expensive cars that people continue to buy or finance. It’s definitely an American thing and a huge problem for many reasons. What ever happened to a small sedan that’s reliable and cheaper?
Government regulations impose a fine on automakers for selling cars that don't meet an arbitrary MPG target that increases each year. However, vehicles with larger footprints (SUV's, Pickups, Crossovers) have more attainable MPG targets.
As a 40 year resident of California, the reason our gas prices are so high is due to price goughing by the oil refiners. We have adequate supplies of crude oil, inasmuch as we produce a lot of our own crude oil, and most Alaskan oil is brought here. Due to refinery constraints, the refiners want to keep it that way. That is one of the many reasons i drive am electric car, which i chatge off of my rooftop solar electric system .
In near 20 years of driving all across the country I’ve never had to replace glass, but a few years living in Colorado and I’ve had to fix a half dozen chips and replace two windshields. The amount of rock spray on the roads is unreal here.
I have a long gravel driveway and live on a gravel road. When I come up to speed when I hit the highway I hear all those potential windshield chips hitting the underside on the pickup. Chipped windshields are just a fact of life here in Alaska.
But what about state registration fees, car taxes (which can be stifling in some states), etc. Also tolls. These should be factored in too because there’s a great disparity between states on this front.
Absolutely. When you factor in tolls, I bet NJ, NY and PA would break the top 10. A few years ago, several studies showed that the Penny turnpike was ranked as the most expensive toll road in the world. All of that we can blame PA politicians for robbing the PTC every year since 2007, and tolls are still going up every year since. NJ would be on there definitely since most exit points are tolled.. meaning people are willing to pay to leave is the only state doing so. NY - well, NYC’s obsession with tolls of course. I mean, who charges close to $20 per car just to cross a bridge? PANYNJ - that’s who.
@@johnp139 Well there should be a factor for much of Alaska and all Hawaii because every single car must be shipped. Minnesota registration is based on the value of the vehicle, so that new large SUV will cost you 1000s (yes plural) over the first 5 years.
@@Tr2u1ck The PA Turnpike is absolutely ridiculous since Ed Rendell sold it, easily quadrupled, & then some. Have to take out a loan to drive it all the way across the state.
TX has some of the cheapest gas prices, but being the lead state in per capita DWI's and pretty crazy cities, the car insurance thing is no surpise and any pickup truck heavy state is going to have high cost of vehicles. The thing that really surprised me was that Montana was not in the 10 cheapest states list, given the lack of a sales tax on vehicles there. Since New Hampshire doesn't have a sales tax at all, I'm sure that played a good role on them being in the bottom 10, although registration on late-model vehicles is pretty ridiculous there (hence in part my friend up there sticks to his old '98 Ford truck). Good vid as always Mike; love how much research you do to give us good info.
Great video. I love your insights. Crazy that a gas tax to support car infrastructure is unpopular with people who drive... And yeah - car payments are way up - even for sedans.
As a Texas native, my brother gets past the expense by finding deals on used cars or trucks from the facebook market place. My 06 Chevy Tahoe is the newest vehicle out of three we have and we got it for only 2 and a half grand
I live in the far northeast US and I too purchase all my current vehicles on the used market. My newest is a 2006 Ford F-350 Super Duty for which I paid $6K for in 2017. Since that time I've invested about $6K in repairs (mostly rusted cab corners, fenders, bed and rocker panels) but mechanically, it runs like a top even with 235K miles on it. I do all mechanical maintenance myself to save money. I only carry liability insurance at a cost of $650 a year since I'm retired and don't drive as much these days. Gas prices are high here and my truck only gets an average of 10 miles per gallon but it's used only for utility use. My daily driver is a 2008 Subaru Outback which I purchased used for $3K in 2020 and still runs awesome.
As Californian, You are right on the money!!! my car insurance went up!! thank goodness no car accident but still expensive plus gas i drive corolla to fill up is $55- $70 for full tank i remember when i bought my corolla used to $20 -$40 will last me at least 2 weeks. Now sheesh its crazy!!!
The one thing going for the western states in terms of car ownership is lack of rust. The midwest might be the least expensive on paper, but the salty winter roads can rot a new car's chassis in a handful of years and then you're back on the car payment treadmill.
Hi Mike. One factor that should be added in annual registration. When we lived in Kansas, our license plate cost $750/year since the state’s fees were between 4-5% of NADA value. In Washington State we only paid $30 for the tab renewal.
Kansas Vehicle Registration Fees Kansas residents who have questions about their registration fee can contact their local county tag office. The Kansas vehicle registration fees are as follows: Passenger vehicles 4,500 lbs. or less: $42.50. Passenger vehicles more than 4,500 lbs.: $52.25.
@@KG-xt4oq I don't know where you're getting your information. Tom is right. For crying out loud a 2002 Ford Focus and they charge me $300 for a registration per year! 99 F250 $600 a year. Kansas is a joke!
NYC metro area should be on this list if it’s by metro area not state. Toll cost, tire wear super fast here, winter, dangerous road network increase the chance of traffic accident. This place is hell to cars
INSURANCE IS CRAZY HERE IN LOUISIANA. You said that the average insurance here is $3629- sounds about right. That's literally the cost of a brand new $20,000 in five years! (obviously the people bringing these numbers up are those who spend $600 on auto payments for some weird reason- the ones with the "expensive" cars.)
I wonder why they ignored the reality of how expensive it is to buy your annual tags on your car or the constant smog repairs if you try to not buy a new car frequently. I went from almost $500 a year in California to only $74 in my new state and I don't have to have a smog check now either!
One thing they left out was vehicle registration fees. In Arizona, it is a percentage of the vehicle's assessed value (I believe it is 3%, which can easily be over $1000/year on a new/newer car) whereas in Illinois it is a flat fee of around $150 per year.
nice video and learned a lot of new things. i think seeing costs related to registration ( how much and how often ) and inspection requirements in addition to the metrics you covered would be great also for future similar videos.
Hm. That ranking seems sketch. 1) why the average price of the cars other people buy has any bearing on what car YOU buy makes no sense. Your neighbors live beyond their means doesn’t mean you cannot buy a Mazda. 😊 2) of the 4 categories (one of which the already bad - see 1) what is apparently not in the 3 remaining ones is a key cost contributor - registration and taxation fees. Some states have state property tax or substantial annual registration fees for cars. Why would that not be included.
I have something for both points. I live on a street with a few dozen townhouses. All would have roughly the same value. I have neighbors driving Mercedes, BMW, etc. while I drive a Mazda that I paid off four years ago. The cost for me to own a car here is considerably lower than theirs. I have a friend in Iowa and I remember him saying it was expensive to register a car there; I think he said it goes down when the car gets old. Here in Pennsylvania, it's $41/year (and I think $5 of that is because I'm in Allegheny County).
Great video. Coming from the state of WA and moving to VA, I was surprised that VA charges a yearly tax for owning a car. Does not seem right to be taxed multiple times for something already paid for. Nearly $1000 each year for owning the same car. A car tax should be added to the methodology. Definitely more expensive to own a car in VA than WA
Virginia loves extorting its Citizens even if you owned the car for 30 years. And if you don't pay them they will seize your assets, put a DMV block on you and take other legal action against you. You're paying them to drive a car that you own 🤔. That's why the best part was saying goodbye to to this Tax loving State and moving to Florida. State Tax . No Personal Property Tax. No Vehicle Inspection. Happiness is Virginia in your rearview mirror.
I was BEYOND SHOCKED when I moved to Virginia Beach when transferred there with my job in 1988. The personal property tax on cars was criminal. Five years later I moved to Texas, where there is no such tax (or state income tax), and thankfully, I haven’t had to pay a personal property tax on a car since.
Surprised VA didn’t make the cut… Hi, in VA, we pay property tax on houses AND cars. We also have to get & pass the annual car inspections. & When you renew your yearly/bi-annual registration tags...hopefully, your car DOSENT get over 35mpg. If so, attached to paying for a registration renewal- you’ll get charged a “Highway use fee.” & If you ever drive through VA- Waze is a must. VSP will get you
I agree. It’s crazy how the federal gas tax rate hasn’t increased since 1993. Without proper funding, the highways will have a lot of deferred maintenance.
On top of increase on gas taxes, cars need to be taxed based on a combination of weight, footprint and emissions. Electric car owners won’t be giving much on gas taxes so some of the lost revenue needs to be recouped based on driving miles when registration renewal comes due.
I'm surprised New York is not on the list given that insurance is astronomically high mainly from drivers not being insured, car repair cost being high, road rage, box trucks, and soon congestion tax is going to be enacted for Manhattan making more expensive to drive.
Thanks for your video. Although the States of New York and New Jersey were not on the list, I think the New York City Metropolitan area should've received an honorable mention for the most expensive. It would've ranked #2 or #1 on the list. The cost of tolls, gas, parking garages, insurance, and car maintenance in this area are insanely expensive, not to mention the cost associated with parking and camera tickets, illegal parking towing, and body work and repairs for accidents, potholes, and vandalism all of which are commonplace if you own a car in New York City.
Living in the outer areas of NYC is far more comfortable owning a car. I pay $115/month for my car insurance at 21. The cost to own my car is just under 4K a year I don’t use the bridges a lot anyway
I have another theory as to GA’s repair cost: I live in rural GA.. and it’s like a time capsule- most cars and trucks are like 7 years old or older. Mine are no exception- my daily is a 12 year old Fusion that just rolled 200k miles. What helps us is the lack of salting and brine dumped onto our roads that destroy cars. Older cars means more $$$ spent on auto repairs.
I'm surprised Connecticut didn't make the list. They have high gas prices, a ton of expensive SUVs, and probably higher insurance do to theft etc. Also, I don't know if that study took account of tax on the actual vehicles. CT has a yearly tax based on vehicle value.
Dangerous roads are a major cause of high car prices in Florida, but I think the biggest cause of it is that there is a TON of insurance fraud, especially in the southern part of the state. And I think the reason Miami drivers are so bad is because a lot of them are immigrants from Latin American countries who never took a drivers Ed class and got their car from a shady used car dealership, which might actually be stolen cars, as a lot of the time they don’t even have license plates in south Florida. And there’s also a lot of rude and entitled people there as well
this. people in latin american countries either drive like maniacs or complete pussies. after seeing how driving works in their countries, I can see why
Surprised Iowa is in the least expensive group considering their vehicle registration fee is 1% MSRP. Loved living there and paying $480 a year for registration...
Eighty-four-month auto loans are ridiculous. But many Americans are desperate to have those nice rides. In Louisiana, if you have a Kia, Hyundai or Honda, be careful. Those cars are targeted by thieves. Hurricane damage also factors into the high cost of ownership.
I find it that many people show off buy purchasing expensive automobiles that lose value from the moment they take possession. Money down the drain. What is amazing is that these same people park the car/suv in the driveway, nose facing out. Is this to impress the neighbors or that the garage is full of junk or too small? Where I live, people drive mostly high line luxury European automobiles and park inside the garage. As for case, I prefer to impress myself and could care less what other people think of my car(s).
I have a higher than average auto payment (on the one vehicle that isn't paid off) but I drive a specialized vehicle and the payment is less than a tenth of my monthly take-home. What blows my mind is people buying cars where the payment is a quarter (or more) of their net pay.
i have a small car and am planning on moving back to wisconsin within the next year or so. I am very much hoping that my insurance costs go down, along with having cheaper gas than Virginia
I’m somewhat surprised to find most Midwest states near the least expensive for overall car ownership. As a native Nebraskan, it certainly seems like gas is expensive (especially insurance costs) and there’s a LOT of rural roads in these areas but having seen the top states, I guess I shouldn’t complain.
I am surprised that NY, NJ and MA are not in the top 10. All have a high cost of living, high insurance and high repair bills. Plus I wonder if registration and fees are factored. Plus there are other factors. California makes mandatory for smog checks in many regions. New Jersey requires all vehicles to pass safety inspections and emissions tests annually. Plus it has a high percentage of toll roads especially if you commute to Philadelphia or NYC.
NJ the inspections are free at least. I believe the registration fees are high though compared to other. Renewal was $60, and if you’re titling a car (even for a replacement title) it’s another $60
Nice to not see NJ on a top 10 list of states with the most expensive whatever for a change … however I wouldn’t be surprised if it falls in the top 20 here as historically it has been either #1 or #2 of the highest car insurance states. Presently gas here isn’t that expensive when compared to what’s reported in this video - it’s under $4/gallon these days.
I am astonished to learn that auto insurance is that expensive in the US. I live in Germany and the insurance prices seem to be much lower here. A few years ago I paid about €700 per year for liability and partial comprehensive insurance for an older Volkswagen (136 bhp). That is about the same in US dollars now. We also have car taxes which must be paid annually and depend on engine displacement and exhaust cleaning standard. For my euro 3 Diesel I had to pay €300 a year, which is relatively high. I am astonished as well to learn that fuel prices are almost as high as in Germany nowadays - we currently have about 1.80 euros per litre which is about $6.80 per gallon. What is really expensive is licences. Gettinge a driver's license will take a lengthy course to attend plus an exam - total cost starts at 1,500€. New cars are quite expensive in Germany in relation to other European countries, with the exception of Denmark, Norway, and Finland where car buyers have to pay a luxury tax of 100% for a new car. German cars are sold cheaper in Denmark (before tax, of course), so some German car buyers go to Denmark to buy a car there, but as they re- import the car to Germany they pay the much lower German sales tax what saves a lot.
Hi! In Calif now I'm paying $4.39/gal or $1.16L. My insurance for a 2010 sedan at 5000mi/yr is $600, full coverage. State registration is $150/ yr approx. I'm amazed at all the new, lifted 4 wheel drive pickups passing me going 80miles/hr. They just don't care! :)
@@stephenharper6638600$ for the insurance is much less than the 4-figure insurance premiums the report mentioned. Its more like what I knew/paid myself. That "light truck" speeding reminds me of jokes we made about american cars decades ago: "while they drive 5 Mark coins come rolling out of the exhaust pipe" - in the 80s 5 Marks were about $3 "gas station assistant to the driver of an american car: please turn off the engine - my pump cant keep up" I wondered quite a bit that Ford advertises the F-150 now even in Germany. A small text at the bottom of the ad informs that consumption is between about 9 and 15 liters per 100km (9 l/100km is equiv. to 26mi/gal., and 15l/100km is equiv. to 15.5mi/gal). An average gasoline car in Germany uses 7.5l/100, a diesel just under 7, with a lot cars running on as low as 5l/100. Not to forget that european road and especially parking lots are much narrower. But some people just dont care and buy them anyway. BTW I'm quite fond of this one: ruclips.net/video/jN7mSXMruEo/видео.html about stupid cars - SUVs , Trucks And I think your choice of a sedan is a good one - simply for it being a sedan.
My car is paid off but while in MD I was paying ~$250 a month but I bought a high mileage CRV. GAs wasn’t that bad if I went to the county over and used Sam’s Club or Costco. Insurance was about twice what I’m paying in WNC.
Really wish this video would discuss registration as part of cost of ownership. In Maine you have excise tax which could cost you well over $1,000 for first year of registration if your car is new (this bottoms out after 5 years and could still be $500, for a poor state this is a huge problem). Also, repairs are costly, partly because of rust damage on even the newest of vehicles many of which still under first loan from being bought new. Also repair costs are driven high by shops who’ll refuse to pass your inspection even if by book your car passes, the law gives them discretion to refuse for any reason just to make you pay them for repairs. God help you if you’re mechanically inept you will be taken advantage. I’m sure there are other states with the same issues not just Maine.
You should look into doing a video on I-83 aka the Jones Falls Expressway (JFX) that runs into Baltimore. The City Government made a lot of changes last year to help reduce crashes and accidents. It's like the schuylkill expressway but a bit nicer!
New Jersey’s gas prices have always been low, much less than other Northeastern states. I usually make a point of filling up in NJ if I am on a long trip. Since I don’t live there, I can’t comment on the insurance cost or the average car payments; I presume they are pretty high.
I was talking to a buddy of mine and he told me he just bought a car, I asked him what kind of deal he got on it and he told me he had a good interest rate, I asked him what it was and guess what he said? 12%, FUCKING 12%.... I said "it sure is good for the creditors!"... But I have heard even worse rates than that. I got a deal in the beginning of March of 2022 for a 2.99% interest rate, but to get another loan for $40,000 from the same credit union now would run about 6%
i thought for sure Virginia was going to be on the list.. we have monthly payments, insurance, gas, maintenance, mandatory yearly inspections AND have to pay personal property taxes on our cars 😩
It’s robbery, as far as I’m concerned. And yet, it’s legal, and the roads and traffic are in horrible shape. “Well, we’ve got to balance the budget with that money..”. Tell you what.. you ticket every left-lane loser in the entire state and you’ll be making money hand-over-fist.
If you factor in DMV fees, New Jersey would probably be in the top 10, since it already has one of the highest, if not the highest, insurance cost in the country. The DMV fees are also extreme. Plus there are various surcharges if you get a ticket.
Im surprised NY didn’t make the list. Taxes here are insane. And It’s common for people in the major upstate cities to pay a lot for insurance. And in Nyc and parts of Long Island $500-$1000 a month insurance is pretty common. And upstate car repairs are higher due to the rust.
Thats crazy, and I thought my 62 months was crazy as I was given eyebrow raises for saying i have a 62 month payment plan... plus I did put down a hefty down payment making my monthly payments pretty dang affordable... other than my insurance which as far as I am concerned is also not as bad for my new car just understanding the prices people pay these days... safe to say, I lucked out.
I'm surprised PA isn't on this list. Maybe outside of Philly it's cheap. But PA has the highest gas taxes in the nation. Philly is one of the top accident-prone in the nation with high insurance rates.
Wisconsin is cheap because registration is $80/year and insurance is cheap. They totally missed Michigan which is a no-fault insurance state so even driving a POS costs $1000s to insure.
As far as I'm aware, every state requires insurance to register a car or get a license. Some states allow monthly insurance, so people go on a monthly plan, renew their car and license that month, then let it lapse. Some states require you to prove you not only have insurance, but are maintaining it monthly (or annually or biannually). There is nothing a DMV or county can do to prevent someone from getting the cheapest insurance and meeting the minimum requirements to register a car and get a license then dropping the insurance or letting it lapse. That's probably why so many people don't have insurance. OR they plain forget to renew (I leave mine on auto pay 2x a year so I don't forget).
Nevada vehicle registration fees include a tax calculated on the original MSRP.. This causes the annual cost to register is over $700 on average. ... So Nevada for the win
Whoever made this list was oblivious to many expenses most states don’t even have. Connecticut chargers property taxes on cars based on their value every year. Your taxes can be several $1,000 a year depending on the town and local tax rate. Tolls and parking are also a huge factor in the northeast. Around the NYC metro apartments and condos don’t include parking. You need to rent or buy parking spaces separately. Renting parking is $200 a month per car, up to $1,000 a month in NYC just to rent a parking space. Then there’s tolls. Driving into NYC can cost you $20 in tolls to go less than 5 miles. Drive further and tolls can be even higher. Some people spend $500 a month on tolls.
Texas may be on your list, but it’s important to establish that the state does not impose a personal property tax on cars, such as states I’ve experienced like Mississippi and Virginia. The ad valorem taxes that those two states impose should be illegal, yet they are assessed every minute while roads and bridges are in horrible shape. It all comes out even for me, and I’ll never register a car outside of Texas again, if I can help it.
Those car payments are insane. I keep my cars small and cheap with good gas mileage, and I don't buy a new one until I've saved the money for a new one!
I literally had just gotten my new (to me) car and as I’m driving home from the dealer I get cut off, on 60 getting onto 75 in Brandon (Tampa area) the PERSON WENT THROUGH THE GRASS.
A flawed study. Remove average car payment, since you can control that and include registration and property taxes levied by some states. I live in NM and ownership is cheap. Gas is below average and my insurance is the lowest it has ever been. Registration costs about $50/year.
There NO place more expensive to own a car than NYC For those that dont know just to park a vehicle in NYC its $500 per month this doesn't count car payments or insurance. Im from jersey and insurance is insane 😫
I'm SHOCKED that Washington state wasnt in the top five. I would've bet the farm that California, then Washington, followed by New York would've rounded up the top three. NEVER in my wildest dreams would I've imagined tied with Texas out of all states. I thought Texas would've been one of the cheapest.
Good job.👍 Connecticut taxes cars as property, based on value. This wasn’t a consideration in the statistics. I wonder if some other states impose a similar tax.
Not sure how you’re figuring the Colorado gas prices. You need to check gas buddy. I paid $2.85 a gallon for unleaded the other day. Gas here is much cheaper because we are right at the refinery. As a result, I look at this whole video is not being accurate.
As a former Californian & a current Kentuckian - I totally agree with this list. California should be the worst (which should include the vehicle registrations & smog tests every 2 two yrs) and even though Kentucky does have a property tax on vehicles, it's the way you receive your tags & is way less expensive than CA. California registration is outrageous & expensive just to get tags.
I will owe money on my car for quite a while, but at least I can afford it. Honestly, the amount of people who finance cars that they absolutely, most definitely, I cannot afford is more than half.
I'm a native Houstonian, and I can tell you from experience that the ridiculously high number of uninsured motorists is a big factor in our high insurance premiums. I live in New Jersey now, and I was surprised to not see Jersey or New York on this list.
NJ should have been top 3
@@fedorsalvador2690 I'm surprised, too, but I'm glad it wasn't. I think it may be because in both states, all of the items on the list vary by population. In upstate NY and rural NJ the cost of all those factors drop significantly.
@@marigeobrien I think the criteria being used is not adding up to actual cost. I have family in Houston paying way less WAY less than us here in NJ
Well gas is relatively low in NJ, car repairs if you know where to go is not too bad dunno about payments. Insurance is middle of the road. I have cheaper insurance in Washington.
It completely ignored the cost of tolls and parking. That alone cut off $1,000 a month in car expenses for NJ/NY 😂
I would have also included the costs of registration and car/property tax where applicable. NJ has very low registration (most cars/SUV's/light trucks pay less than $80/year) but insurance premiums are high in part as it is mandated to have liability insurance to register a vehicle here.
As someone who lives in a state the borders Maryland, I’m not surprised that the state has higher car insurance rates. They have some crazy drivers in Maryland lol.
I’m glad that you mention the bigger more expensive cars that people continue to buy or finance. It’s definitely an American thing and a huge problem for many reasons. What ever happened to a small sedan that’s reliable and cheaper?
Truck goes BRRRRRRRRP; broke people go YAY!
Government regulations impose a fine on automakers for selling cars that don't meet an arbitrary MPG target that increases each year. However, vehicles with larger footprints (SUV's, Pickups, Crossovers) have more attainable MPG targets.
I used to live in FL so yes I can attest to the High Insurance Cost. Keep up the good work with these videos!
Same here. I was astonished at high insurance rates of around $4500 a year... back in the mid 1980s!
Shout out to my home state of Ohio!!! Cheapest state to own a car!
As a 40 year resident of California, the reason our gas prices are so high is due to price goughing by the oil refiners. We have adequate supplies of crude oil, inasmuch as we produce a lot of our own crude oil, and most Alaskan oil is brought here. Due to refinery constraints, the refiners want to keep it that way.
That is one of the many reasons i drive am electric car, which i chatge off of my rooftop solar electric system
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Your Head is in a Cloud! Your Gas as well as Everything is Higher, because of Your POLITICS and Policies that Come with it.
In near 20 years of driving all across the country I’ve never had to replace glass, but a few years living in Colorado and I’ve had to fix a half dozen chips and replace two windshields. The amount of rock spray on the roads is unreal here.
is that what happens when you're driving behind them 18 wheelers
@@CleanColt920 Happens even when you keep distance with cars in between. They’re a moving cone of destruction once they hit that loose stuff.
I have a long gravel driveway and live on a gravel road. When I come up to speed when I hit the highway I hear all those potential windshield chips hitting the underside on the pickup. Chipped windshields are just a fact of life here in Alaska.
4:45 nailed it with me, car payment $800 mth. I have european luxury car, not an suv though, a wagon. Bought brand new in 2021
But what about state registration fees, car taxes (which can be stifling in some states), etc. Also tolls. These should be factored in too because there’s a great disparity between states on this front.
Absolutely.
When you factor in tolls, I bet NJ, NY and PA would break the top 10. A few years ago, several studies showed that the Penny turnpike was ranked as the most expensive toll road in the world. All of that we can blame PA politicians for robbing the PTC every year since 2007, and tolls are still going up every year since. NJ would be on there definitely since most exit points are tolled.. meaning people are willing to pay to leave is the only state doing so. NY - well, NYC’s obsession with tolls of course. I mean, who charges close to $20 per car just to cross a bridge? PANYNJ - that’s who.
EXACTLY!!! Not to mention that car payments shouldn’t have anything to do with the state that you live in (other than state and county sales taxes).
@@Tr2u1ck Florida would probably go up. So many toll roads…
@@johnp139 Well there should be a factor for much of Alaska and all Hawaii because every single car must be shipped. Minnesota registration is based on the value of the vehicle, so that new large SUV will cost you 1000s (yes plural) over the first 5 years.
@@Tr2u1ck The PA Turnpike is absolutely ridiculous since Ed Rendell sold it, easily quadrupled, & then some. Have to take out a loan to drive it all the way across the state.
TX has some of the cheapest gas prices, but being the lead state in per capita DWI's and pretty crazy cities, the car insurance thing is no surpise and any pickup truck heavy state is going to have high cost of vehicles. The thing that really surprised me was that Montana was not in the 10 cheapest states list, given the lack of a sales tax on vehicles there. Since New Hampshire doesn't have a sales tax at all, I'm sure that played a good role on them being in the bottom 10, although registration on late-model vehicles is pretty ridiculous there (hence in part my friend up there sticks to his old '98 Ford truck). Good vid as always Mike; love how much research you do to give us good info.
Great video. I love your insights. Crazy that a gas tax to support car infrastructure is unpopular with people who drive... And yeah - car payments are way up - even for sedans.
As a Texas native, my brother gets past the expense by finding deals on used cars or trucks from the facebook market place. My 06 Chevy Tahoe is the newest vehicle out of three we have and we got it for only 2 and a half grand
I live in the far northeast US and I too purchase all my current vehicles on the used market. My newest is a 2006 Ford F-350 Super Duty for which I paid $6K for in 2017. Since that time I've invested about $6K in repairs (mostly rusted cab corners, fenders, bed and rocker panels) but mechanically, it runs like a top even with 235K miles on it. I do all mechanical maintenance myself to save money. I only carry liability insurance at a cost of $650 a year since I'm retired and don't drive as much these days. Gas prices are high here and my truck only gets an average of 10 miles per gallon but it's used only for utility use. My daily driver is a 2008 Subaru Outback which I purchased used for $3K in 2020 and still runs awesome.
If you can fix them yourself and have all the tools then absolutely a good deal
As Californian, You are right on the money!!! my car insurance went up!! thank goodness no car accident but still expensive plus gas i drive corolla to fill up is $55- $70 for full tank i remember when i bought my corolla used to $20 -$40 will last me at least 2 weeks. Now sheesh its crazy!!!
The one thing going for the western states in terms of car ownership is lack of rust. The midwest might be the least expensive on paper, but the salty winter roads can rot a new car's chassis in a handful of years and then you're back on the car payment treadmill.
Hi Mike. One factor that should be added in annual registration. When we lived in Kansas, our license plate cost $750/year since the state’s fees were between 4-5% of NADA value. In Washington State we only paid $30 for the tab renewal.
Kansas Vehicle Registration Fees
Kansas residents who have questions about their registration fee can contact their local county tag office. The Kansas vehicle registration fees are as follows: Passenger vehicles 4,500 lbs. or less: $42.50. Passenger vehicles more than 4,500 lbs.: $52.25.
@@KG-xt4oq I don't know where you're getting your information. Tom is right. For crying out loud a 2002 Ford Focus and they charge me $300 for a registration per year! 99 F250 $600 a year. Kansas is a joke!
$750 a year for a License Plate? Get the hell out of that State!
It appears there is a decimal error here!🤔
@@ArmyOne519yah I’m in NH and only pay $20 a year for a vanity plate and $35 for state inspection
NYC metro area should be on this list if it’s by metro area not state. Toll cost, tire wear super fast here, winter, dangerous road network increase the chance of traffic accident. This place is hell to cars
Mike...I really enjoy your videos. Your voice is one step below Morgan Freeman!!
INSURANCE IS CRAZY HERE IN LOUISIANA. You said that the average insurance here is $3629- sounds about right.
That's literally the cost of a brand new $20,000 in five years! (obviously the people bringing these numbers up are those who spend $600 on auto payments for some weird reason- the ones with the "expensive" cars.)
I wonder why they ignored the reality of how expensive it is to buy your annual tags on your car or the constant smog repairs if you try to not buy a new car frequently. I went from almost $500 a year in California to only $74 in my new state and I don't have to have a smog check now either!
As a Floridian, I’m not shocked that Florida is on this list due to car insurance. People here drive crazy.
I'm surprised Massachusetts, Michigan, New Jersey and New York State weren't in the top ten!
Yes Michigan has the highest auto insurance rate in the nation.
One thing they left out was vehicle registration fees. In Arizona, it is a percentage of the vehicle's assessed value (I believe it is 3%, which can easily be over $1000/year on a new/newer car) whereas in Illinois it is a flat fee of around $150 per year.
If it includes the cost of parking, New York should be right up there with California
nice video and learned a lot of new things. i think seeing costs related to registration ( how much and how often ) and inspection requirements in addition to the metrics you covered would be great also for future similar videos.
And tolls
In NY they charge you $200 just for registration
Hm. That ranking seems sketch.
1) why the average price of the cars other people buy has any bearing on what car YOU buy makes no sense. Your neighbors live beyond their means doesn’t mean you cannot buy a Mazda. 😊
2) of the 4 categories (one of which the already bad - see 1) what is apparently not in the 3 remaining ones is a key cost contributor - registration and taxation fees. Some states have state property tax or substantial annual registration fees for cars. Why would that not be included.
I have something for both points. I live on a street with a few dozen townhouses. All would have roughly the same value. I have neighbors driving Mercedes, BMW, etc. while I drive a Mazda that I paid off four years ago. The cost for me to own a car here is considerably lower than theirs.
I have a friend in Iowa and I remember him saying it was expensive to register a car there; I think he said it goes down when the car gets old. Here in Pennsylvania, it's $41/year (and I think $5 of that is because I'm in Allegheny County).
Good point. Seems odd that registration and taxes were left out.
ya id do registration fees before car payments
Probably because every state is different when it comes to registration/taxes.
@@PopLightBrown That’s WHY THAT WOULD BE A FACTOR!!!!
Great video. Coming from the state of WA and moving to VA, I was surprised that VA charges a yearly tax for owning a car. Does not seem right to be taxed multiple times for something already paid for. Nearly $1000 each year for owning the same car. A car tax should be added to the methodology. Definitely more expensive to own a car in VA than WA
Virginia loves extorting its Citizens even if you owned the car for 30 years. And if you don't pay them they will seize your assets, put a DMV block on you and take other legal action against you. You're paying them to drive a car that you own 🤔. That's why the best part was saying goodbye to to this Tax loving State and moving to Florida. State Tax . No Personal Property Tax. No Vehicle Inspection. Happiness is Virginia in your rearview mirror.
I was BEYOND SHOCKED when I moved to Virginia Beach when transferred there with my job in 1988. The personal property tax on cars was criminal. Five years later I moved to Texas, where there is no such tax (or state income tax), and thankfully, I haven’t had to pay a personal property tax on a car since.
Surprised VA didn’t make the cut… Hi, in VA, we pay property tax on houses AND cars. We also have to get & pass the annual car inspections. & When you renew your yearly/bi-annual registration tags...hopefully, your car DOSENT get over 35mpg. If so, attached to paying for a registration renewal- you’ll get charged a “Highway use fee.” & If you ever drive through VA- Waze is a must. VSP will get you
Dude, it's cheap in VA compared to other states.
Yes, the federal gas tax should be bumped. Y'all want those new highways?
I agree. It’s crazy how the federal gas tax rate hasn’t increased since 1993. Without proper funding, the highways will have a lot of deferred maintenance.
On top of increase on gas taxes, cars need to be taxed based on a combination of weight, footprint and emissions. Electric car owners won’t be giving much on gas taxes so some of the lost revenue needs to be recouped based on driving miles when registration renewal comes due.
I'm surprised New York is not on the list given that insurance is astronomically high mainly from drivers not being insured, car repair cost being high, road rage, box trucks, and soon congestion tax is going to be enacted for Manhattan making more expensive to drive.
Thanks for your video. Although the States of New York and New Jersey were not on the list, I think the New York City Metropolitan area should've received an honorable mention for the most expensive. It would've ranked #2 or #1 on the list. The cost of tolls, gas, parking garages, insurance, and car maintenance in this area are insanely expensive, not to mention the cost associated with parking and camera tickets, illegal parking towing, and body work and repairs for accidents, potholes, and vandalism all of which are commonplace if you own a car in New York City.
Living in the outer areas of NYC is far more comfortable owning a car. I pay $115/month for my car insurance at 21. The cost to own my car is just under 4K a year I don’t use the bridges a lot anyway
I have another theory as to GA’s repair cost: I live in rural GA.. and it’s like a time capsule- most cars and trucks are like 7 years old or older. Mine are no exception- my daily is a 12 year old Fusion that just rolled 200k miles. What helps us is the lack of salting and brine dumped onto our roads that destroy cars. Older cars means more $$$ spent on auto repairs.
I'm surprised Connecticut didn't make the list. They have high gas prices, a ton of expensive SUVs, and probably higher insurance do to theft etc. Also, I don't know if that study took account of tax on the actual vehicles. CT has a yearly tax based on vehicle value.
I see this ranking didn't consider vehicle registration fees. If Hawaii isn't on your list, there's something wrong with the list.
Good point on registration fees.
@Mileage Mike Registration fees which may include emissions testing and inspection. Love your videos man!
I was thinking about moving to Albuquerque. I’m from Kansas after seeing this I quickly changed my mind
Why are car payments a factor? That is an independent variable based on what an individual chooses.
Dangerous roads are a major cause of high car prices in Florida, but I think the biggest cause of it is that there is a TON of insurance fraud, especially in the southern part of the state. And I think the reason Miami drivers are so bad is because a lot of them are immigrants from Latin American countries who never took a drivers Ed class and got their car from a shady used car dealership, which might actually be stolen cars, as a lot of the time they don’t even have license plates in south Florida. And there’s also a lot of rude and entitled people there as well
Also little to no public transportation. I’ve you have to drive everywhere that gives you more opportunities to get into an accident.
this. people in latin american countries either drive like maniacs or complete pussies. after seeing how driving works in their countries, I can see why
Surprised Iowa is in the least expensive group considering their vehicle registration fee is 1% MSRP. Loved living there and paying $480 a year for registration...
Eighty-four-month auto loans are ridiculous. But many Americans are desperate to have those nice rides.
In Louisiana, if you have a Kia, Hyundai or Honda, be careful. Those cars are targeted by thieves. Hurricane damage also factors into the high cost of ownership.
I find it that many people show off buy purchasing expensive automobiles that lose value from the moment they take possession. Money down the drain. What is amazing is that these same people park the car/suv in the driveway, nose facing out. Is this to impress the neighbors or that the garage is full of junk or too small? Where I live, people drive mostly high line luxury European automobiles and park inside the garage. As for case, I prefer to impress myself and could care less what other people think of my car(s).
I have a higher than average auto payment (on the one vehicle that isn't paid off) but I drive a specialized vehicle and the payment is less than a tenth of my monthly take-home. What blows my mind is people buying cars where the payment is a quarter (or more) of their net pay.
What about license, purchase, and excise taxes?
Almost as surprising as seeing TX and GA on this list is that NY and MA are not in the top 10…
Pretty accurate on uninsured drivers in Maryland. I got rear ended by a woman with no insurance there.
i have a small car and am planning on moving back to wisconsin within the next year or so. I am very much hoping that my insurance costs go down, along with having cheaper gas than Virginia
I’m somewhat surprised to find most Midwest states near the least expensive for overall car ownership. As a native Nebraskan, it certainly seems like gas is expensive (especially insurance costs) and there’s a LOT of rural roads in these areas but having seen the top states, I guess I shouldn’t complain.
I am surprised that NY, NJ and MA are not in the top 10. All have a high cost of living, high insurance and high repair bills. Plus I wonder if registration and fees are factored. Plus there are other factors. California makes mandatory for smog checks in many regions. New Jersey requires all vehicles to pass safety inspections and emissions tests annually. Plus it has a high percentage of toll roads especially if you commute to Philadelphia or NYC.
NJ the inspections are free at least. I believe the registration fees are high though compared to other. Renewal was $60, and if you’re titling a car (even for a replacement title) it’s another $60
Nice to not see NJ on a top 10 list of states with the most expensive whatever for a change … however I wouldn’t be surprised if it falls in the top 20 here as historically it has been either #1 or #2 of the highest car insurance states. Presently gas here isn’t that expensive when compared to what’s reported in this video - it’s under $4/gallon these days.
I wouldn’t doubt it
Bad metrics used for this ranking.
If tolls on the NJ Turnpike were factored in or Garden State Parkway, it definitely would be. NJTP is the highest cost per mile in the entire country.
I am astonished to learn that auto insurance is that expensive in the US.
I live in Germany and the insurance prices seem to be much lower here.
A few years ago I paid about €700 per year for liability and partial comprehensive insurance for an older Volkswagen (136 bhp).
That is about the same in US dollars now.
We also have car taxes which must be paid annually and depend on engine displacement and exhaust cleaning standard. For my euro 3 Diesel I had to pay €300 a year, which is relatively high.
I am astonished as well to learn that fuel prices are almost as high as in Germany nowadays - we currently have about 1.80 euros per litre which is about $6.80 per gallon.
What is really expensive is licences. Gettinge a driver's license will take a lengthy course to attend plus an exam - total cost starts at 1,500€.
New cars are quite expensive in Germany in relation to other European countries, with the exception of Denmark, Norway, and Finland where car buyers have to pay a luxury tax of 100% for a new car.
German cars are sold cheaper in Denmark (before tax, of course), so some German car buyers go to Denmark to buy a car there, but as they re- import the car to Germany they pay the much lower German sales tax what saves a lot.
Hi! In Calif now I'm paying $4.39/gal or $1.16L. My insurance for a 2010 sedan at 5000mi/yr is $600, full coverage. State registration is $150/ yr approx.
I'm amazed at all the new, lifted 4 wheel drive pickups passing me going 80miles/hr. They just don't care! :)
@@stephenharper6638600$ for the insurance is much less than the 4-figure insurance premiums the report mentioned. Its more like what I knew/paid myself.
That "light truck" speeding reminds me of jokes we made about american cars decades ago:
"while they drive 5 Mark coins come rolling out of the exhaust pipe" - in the 80s 5 Marks were about $3
"gas station assistant to the driver of an american car: please turn off the engine - my pump cant keep up"
I wondered quite a bit that Ford advertises the F-150 now even in Germany. A small text at the bottom of the ad informs that consumption is between about 9 and 15 liters per 100km (9 l/100km is equiv. to 26mi/gal., and 15l/100km is equiv. to 15.5mi/gal). An average gasoline car in Germany uses 7.5l/100, a diesel just under 7, with a lot cars running on as low as 5l/100.
Not to forget that european road and especially parking lots are much narrower. But some people just dont care and buy them anyway.
BTW I'm quite fond of this one:
ruclips.net/video/jN7mSXMruEo/видео.html
about stupid cars - SUVs , Trucks
And I think your choice of a sedan is a good one - simply for it being a sedan.
My car is paid off but while in MD I was paying ~$250 a month but I bought a high mileage CRV. GAs wasn’t that bad if I went to the county over and used Sam’s Club or Costco. Insurance was about twice what I’m paying in WNC.
Any car paid off is the best car to have. I could not imagine paying nealy $700 a month for car payments in some these states.
Definitely surprised NJ didn't make this list
But you did have the view driving on the Pulaski Skyway in the beginning of the video
I'll take it
I’ve never been more proud to be an Ohioan, we do it right here in the Buckeye State! God bless the United States of Car Dependency!
This is a very interesting and informative video.
Really wish this video would discuss registration as part of cost of ownership. In Maine you have excise tax which could cost you well over $1,000 for first year of registration if your car is new (this bottoms out after 5 years and could still be $500, for a poor state this is a huge problem). Also, repairs are costly, partly because of rust damage on even the newest of vehicles many of which still under first loan from being bought new. Also repair costs are driven high by shops who’ll refuse to pass your inspection even if by book your car passes, the law gives them discretion to refuse for any reason just to make you pay them for repairs. God help you if you’re mechanically inept you will be taken advantage.
I’m sure there are other states with the same issues not just Maine.
Rare Illinois w
Great channel!
You should look into doing a video on I-83 aka the Jones Falls Expressway (JFX) that runs into Baltimore. The City Government made a lot of changes last year to help reduce crashes and accidents. It's like the schuylkill expressway but a bit nicer!
Unless I totally spaced out, New Jersey wasn't on here! That's actually surprising
New Jersey’s gas prices have always been low, much less than other Northeastern states. I usually make a point of filling up in NJ if I am on a long trip. Since I don’t live there, I can’t comment on the insurance cost or the average car payments; I presume they are pretty high.
I was talking to a buddy of mine and he told me he just bought a car, I asked him what kind of deal he got on it and he told me he had a good interest rate, I asked him what it was and guess what he said? 12%, FUCKING 12%.... I said "it sure is good for the creditors!"... But I have heard even worse rates than that. I got a deal in the beginning of March of 2022 for a 2.99% interest rate, but to get another loan for $40,000 from the same credit union now would run about 6%
Definitely surprised that New Jersey didn't make the list. For a state that is densely populated, I thought it would be in the top three.
i thought for sure Virginia was going to be on the list.. we have monthly payments, insurance, gas, maintenance, mandatory yearly inspections AND have to pay personal property taxes on our cars 😩
It’s robbery, as far as I’m concerned. And yet, it’s legal, and the roads and traffic are in horrible shape. “Well, we’ve got to balance the budget with that money..”. Tell you what.. you ticket every left-lane loser in the entire state and you’ll be making money hand-over-fist.
If you factor in DMV fees, New Jersey would probably be in the top 10, since it already has one of the highest, if not the highest, insurance cost in the country. The DMV fees are also extreme. Plus there are various surcharges if you get a ticket.
Im surprised NY didn’t make the list. Taxes here are insane. And It’s common for people in the major upstate cities to pay a lot for insurance. And in Nyc and parts of Long Island $500-$1000 a month insurance is pretty common. And upstate car repairs are higher due to the rust.
Thats crazy, and I thought my 62 months was crazy as I was given eyebrow raises for saying i have a 62 month payment plan... plus I did put down a hefty down payment making my monthly payments pretty dang affordable... other than my insurance which as far as I am concerned is also not as bad for my new car just understanding the prices people pay these days... safe to say, I lucked out.
I'm surprised PA isn't on this list. Maybe outside of Philly it's cheap. But PA has the highest gas taxes in the nation. Philly is one of the top accident-prone in the nation with high insurance rates.
And the worst roads too. Maintaining a vehicle costs MUCH more here than other states…
One reason Florida has high car insurance rates is required Personal Injury Protection and lots of PIP claims
Wisconsin is cheap because registration is $80/year and insurance is cheap. They totally missed Michigan which is a no-fault insurance state so even driving a POS costs $1000s to insure.
I live in Hawaii and when I visit California the gas prices are at least 30 cents per gallon there than Hawaii.
As far as I'm aware, every state requires insurance to register a car or get a license. Some states allow monthly insurance, so people go on a monthly plan, renew their car and license that month, then let it lapse. Some states require you to prove you not only have insurance, but are maintaining it monthly (or annually or biannually). There is nothing a DMV or county can do to prevent someone from getting the cheapest insurance and meeting the minimum requirements to register a car and get a license then dropping the insurance or letting it lapse. That's probably why so many people don't have insurance. OR they plain forget to renew (I leave mine on auto pay 2x a year so I don't forget).
Nevada vehicle registration fees include a tax calculated on the original MSRP.. This causes the annual cost to register is over $700 on average. ...
So Nevada for the win
Whoever made this list was oblivious to many expenses most states don’t even have.
Connecticut chargers property taxes on cars based on their value every year. Your taxes can be several $1,000 a year depending on the town and local tax rate. Tolls and parking are also a huge factor in the northeast. Around the NYC metro apartments and condos don’t include parking. You need to rent or buy parking spaces separately. Renting parking is $200 a month per car, up to $1,000 a month in NYC just to rent a parking space.
Then there’s tolls. Driving into NYC can cost you $20 in tolls to go less than 5 miles. Drive further and tolls can be even higher. Some people spend $500 a month on tolls.
Texas may be on your list, but it’s important to establish that the state does not impose a personal property tax on cars, such as states I’ve experienced like Mississippi and Virginia. The ad valorem taxes that those two states impose should be illegal, yet they are assessed every minute while roads and bridges are in horrible shape. It all comes out even for me, and I’ll never register a car outside of Texas again, if I can help it.
Car payments have gone up due to greedflation from the automakers ripping people off.
Common Midwest W.
How about property taxes that some states like Virginia impose on vehicle owners.
Those car payments are insane. I keep my cars small and cheap with good gas mileage, and I don't buy a new one until I've saved the money for a new one!
Stick shift? If I were looking, that's what I would do.
@@Warriorcats64 only stick shift small cars with 4 cylinders
@@Warriorcats64 CVT is better for cars with smaller engines.
I literally had just gotten my new (to me) car and as I’m driving home from the dealer I get cut off, on 60 getting onto 75 in Brandon (Tampa area) the PERSON WENT THROUGH THE GRASS.
Fascinating...
A flawed study. Remove average car payment, since you can control that and include registration and property taxes levied by some states. I live in NM and ownership is cheap. Gas is below average and my insurance is the lowest it has ever been. Registration costs about $50/year.
You didn’t factor in property tax or registration fees. Another thing to consider is the cost of traffic tickets and number issued.
Colorado you also pay like $700 a year in registration it’s bonkers.
There NO place more expensive to own a car than NYC
For those that dont know just to park a vehicle in NYC its $500 per month this doesn't count car payments or insurance.
Im from jersey and insurance is insane 😫
I'm SHOCKED that Washington state wasnt in the top five. I would've bet the farm that California, then Washington, followed by New York would've rounded up the top three. NEVER in my wildest dreams would I've imagined tied with Texas out of all states. I thought Texas would've been one of the cheapest.
7:55 did that just say $4326 per year? GOOD LORD how do people live in that state. My insurance in MN is $1300 per year and I think it’s kinda high
Ik Georgia was goin to make the list
im surprised a northeast state or hawaii didnt make it on the list.
People in Wyoming drive big trucks because winter lasts for 5 and a half months
Good job.👍 Connecticut taxes cars as property, based on value. This wasn’t a consideration in the statistics. I wonder if some other states impose a similar tax.
RI does this too
I am astounded that New York was not in the top ten.
Surprised you didn't include taxes and registration!
Surprised that New York is in the middle
I live in rural, southern Illinois and pay 1500 a year in insurance for 2 vehicles with full coverage! 1 truck and 1 SUV! 😜😜
Good video, I dont know if its my head phones but your voice is low
Not sure how you’re figuring the Colorado gas prices. You need to check gas buddy. I paid $2.85 a gallon for unleaded the other day. Gas here is much cheaper because we are right at the refinery. As a result, I look at this whole video is not being accurate.
How about a list of the bottom 10 MOST EXPENSIVE States?
i thought michigan would crack the top 10. no-fault state so expensive insurance, and they have horrible roads. love seeing my state as the cheapest
As a former Californian & a current Kentuckian - I totally agree with this list. California should be the worst (which should include the vehicle registrations & smog tests every 2 two yrs) and even though Kentucky does have a property tax on vehicles, it's the way you receive your tags & is way less expensive than CA. California registration is outrageous & expensive just to get tags.
8:29 yeah its the coke
Not going to convince me Michigan wasn’t supposed to be on this list.
I will owe money on my car for quite a while, but at least I can afford it. Honestly, the amount of people who finance cars that they absolutely, most definitely, I cannot afford is more than half.
from what i have been told be maryland natives the drivers there not only suck but are super rude.