Cost of Owning a Car in New York
How New York's gas prices, electricity rates, sales tax and insurance costs affect what you'll typically pay to own a vehicle.
New York at a glance
Gas price
$4per gallon, illustrative averageElectricity
$0.22per kWh, illustrative averageSales tax
4.00%plus ~$55 average registrationInsurance in New York runs above the national average in this model, reflected as a 1.30× multiplier on our base class rates.
5-year cost by vehicle class in New York
Uses real market-average vehicle prices per class (from our 48-vehicle MarketCheck pull) combined with New York-specific tax, fee, fuel and insurance data.
Sedan
$31,1815-year estimate, $520/moSUV / crossover
$43,8555-year estimate, $731/moTruck
$54,3825-year estimate, $906/moElectric
$42,2155-year estimate, $704/moLuxury
$66,2825-year estimate, $1,105/moYour actual cost depends on the specific vehicle — use the interactive calculator and select New York for a number tailored to your car, or browse real vehicle estimates.