Cost of Owning a Car in Maryland
How Maryland’s gas prices, electricity rates, sales tax and insurance costs affect what you’ll typically pay to own a vehicle.
Maryland at a glance
Gas price
$3.60per gallon, illustrative averageElectricity
$0.16per kWh, illustrative averageSales tax
6.00%plus ~$145 average registrationInsurance in Maryland runs close to the national average in this model, reflected as a 1.05× multiplier on our base class rates.
What drives the cost in Maryland
Costs are pushed up mainly by sales tax (about $464 more over 5 years) and insurance rates (about $442 more over 5 years). (Figures are for a typical SUV compared with the average state.)
5-year cost by vehicle class in Maryland
Uses real market-average vehicle prices per class (from our 152-vehicle MarketCheck pull) combined with Maryland-specific tax, fee, fuel and insurance data.
Sedan
$34,5985-year estimate, $577/moSUV / crossover
$46,8985-year estimate, $782/moTruck
$49,2295-year estimate, $820/moElectric
$49,3625-year estimate, $823/moLuxury
$70,5765-year estimate, $1,176/moPopular vehicles: 5-year cost in Maryland
2026 Toyota RAV4
$36,0735-year cost in MarylandFull breakdown →2026 Honda CR-V
$35,7565-year cost in MarylandFull breakdown →2026 Toyota Camry
$31,7195-year cost in MarylandFull breakdown →2026 Honda Civic
$27,6845-year cost in MarylandFull breakdown →2026 Ford F-150
$61,3695-year cost in MarylandFull breakdown →2026 Tesla Model Y
$39,3775-year cost in MarylandFull breakdown →2026 Chevrolet Equinox
$40,8755-year cost in MarylandFull breakdown →2026 Toyota Corolla
$27,6345-year cost in MarylandFull breakdown →EV vs. gas in Maryland
At Maryland’s $0.16/kWh electricity and $3.60/gal gas, charging a typical EV at home costs about $634 a year, versus about $1,394 a year to fuel a typical gas sedan — a savings of $760 per year. Run your own numbers with the EV vs. gas calculator.