auto

5 of the cheapest states to own a car

No. 3: South Dakota
South Dakota © welcomia/Shutterstock.com

Like Montana, South Dakota drivers spend more than the national average on gasoline every year. Still, with an annual tab of $2,343, the state ranks as one of the cheapest in the country for car owners.

South Dakota drivers enjoy some of the lowest operating costs in the country. Compared with the national average, repair bills in the state were 12 percent lower at $312, while insurance premiums were about 31 percent lower at $524, and taxes and fees were 61 percent lower at $415.

Altogether, this more than offsets the high amount of gasoline spending in the state.

Sources: GasBuddy.com; the National Association of Insurance Commissioners; CarMD.com; Kelley Blue Book; the Oil Price Information Service; and the Bureau of Transportation Statistics. The information contained in our index is accurate through 2012 with the exception of insurance data, which is accurate through 2010. All data are subject to change.

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