Monday, 08 September 2014 00:00

NM Ranks 11th for Most Expensive State for Car Owners

New Mexico is pretty middle of the road when it comes to gas prices and the price of car insurance. But a new study shows the state is one of the most expensive in the country for drivers.

From the road, to the shop, to the pump, New Mexico drivers are finding themselves paying quite a bit to get behind the wheel.

According to a new study by Bankrate.com, the Land of Enchantment is the 11th most expensive state to own a car, with drivers forking over a lot of for gas. The study says the average cost to fill the tank for a year is a little more than $1,100. That means New Mexicans were spending the eighth most for fuel.

It’s not because of gas prices, though. It’s because New Mexico is a big state with some big commutes, meaning more trips to the gas station. That has some drivers mapping out their motoring.

According to the study, when it comes to yearly maintenance and insurance, New Mexicans are paying about average.

California ranked cheaper when it came to owning a car. Some drivers say they’d rather pay a little more than sit bumper to bumper on the freeways.

According to the study, the average driver here in New Mexico spent $315 a year on repairs. Insurance costs came to an average of $895.

Wyoming came out as the most expensive state to own a car. Drivers in Iowa are paying the least, where insurance costs are some of the lowest.

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