Make us your home page
Instagram

Florida ranks as third most expensive state to own a car

Automotive repair bills are one of the reasons why Florida ranks among the nation’s most expensive states for car owners.

iStockphoto.com

Automotive repair bills are one of the reasons why Florida ranks among the nation’s most expensive states for car owners.

A one-two punch of higher insurance and repair bills are behind Florida ranking as the third most expensive state — at $2,516 a year — in the country for car owners.

A survey by financial web site Bankrate.com found that Florida ranked 10th nationally in car repair costs, paying about 10 percent more for parts than the typical U.S. vehicle owner. And Florida drivers in the state paid an average of $1,124 for their policies between 2007 and 2011, according to data from the National Association of Insurance Commissioners. That's 27 percent more than the average U.S. vehicle owner paid over the same span of time.

The cheapest state for car owners? Iowa, at $1,942 or 13 percent below the national average.

Bankrate ranked all 50 states and the District of Columbia based on the cost of repairs, insurance and gasoline.



5 most expensive states for car owners

StateAnnual amount spentReason(s) why
1. Wyoming$2,705Drive an average

of 16,948 miles a year
2. Louisiana$2,555Highest insurance rates
3. Florida$2,516High insurance,

repair bills
4. Mississippi$2,497Drive an average

of 13,414 miles a year
5. New Jersey$2,421High repair bills

Source: BankRate.com

Florida ranks as third most expensive state to own a car 08/12/14 [Last modified: Wednesday, August 13, 2014 8:19am]
Photo reprints | Article reprints

© 2017 Tampa Bay Times

    

Join the discussion: Click to view comments, add yours

Loading...
  1. Tampa is 15th-most popular city to move to with U-Haul

    Markets

    TAMPA —Tampa is undoubtedly a destination point, at least according to U-Haul.

    Tampa is the No. 15 destination for people moving with U-Haul trucks. | Times file photo
  2. Florida's economy growing faster than other big states and far better than U.S. overall

    Business

    When it comes to economic growth, Florida's running alongside the leading states and well ahead of the United States as a whole.

  3. Westshore Marina District project takes shape with another acquisition

    Real Estate

    TAMPA — One of Tampa Bay's prime waterfront areas took another major step toward redevelopment Friday as WCI Communities bought 2.35 acres in Westshore Marina District.

    WCI Communities, Lennar's high-end subsidiary,has paid $2.5 million for 2.35 acres in the Westshore Marina District for 35 townhomes. WCI is under contract  to buy an additional 9.5 acres.
[BTI Partners]
  4. Posh Guy Harvey RV park to open in Tampa Bay with $250,000 cottages

    Business

    HOLIDAY — Love those Guy Harvey T-shirts with the soaring marlins? In the not too distant future, you might be able to kick back in your own Guy Harvey cottage in the first-ever Guy Harvey RV park.

    Renderings of the clubhouse and an RV cottage site of the planned Guy Harvey Outpost Club & Resort Tarpon Springs.
[Guy Harvey Outpost Collection]
  5. Port Tampa Bay secures $9 million grant to deepen Big Bend Channel

    Business

    Port Tampa Bay has secured a $9 million grant from the U.S. Army Corps of Engineers for the widening and deepening of the Big Bend Channel in southern Hillsborough County.