Wyoming is the most expensive state to own a car, according to a study by bankrate.com. It costs about $2,705 per year to stay on the road once you tally up the cost of repairs, insurance and gasoline. That’s about $750 more per year than the average price in Iowa, the cheapest state to own a car.

The Bankrate study checked out all 50 states and used data from CarMD for repairs, GasBuddy.com and the Bureau of Transportation for gas prices and the National Association of Insurance Commissioners stats for insurance rates from 2007 to 2011. Bankrate is an online aggregator of financial rate information.

Wyoming is followed by Louisiana and Florida as the most expensive, while Iowa is followed by Ohio and Illinois.

Wyoming is the most expensive state to own a car. Bankrate.com

Wyoming led the way through its fuel costs, which are the highest in the country. An average driver would spend about $1,588 per year in gas. The cheapest state for fuel, by contrast, is the District of Columbia, which lands 17th overall. Iowa combines cheap repairs, low insurance costs and middling gas prices for its place at the top.

For repair prices alone, Vermont is the least expensive, followed by West Virginia and Delaware. The most expensive places to fix your car are New Jersey, North Carolina and California.

As for insurance costs, Louisiana tops the list with its residents spending an average of $1,277 per year, while drivers in Iowa spend about half that.

Michigan, home of Autoweek, comes in as the ninth most expensive state to own a car.

Check out the full list and find out where your state ranks at bankrate.com.

List of most expensive and cheapest states to own a car

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