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

Insurance in New York runs above the national average in this model, reflected as a 1.30× multiplier on our base class rates.

What drives the cost in New York

Costs are pushed up mainly by insurance rates (about $2,567 more over 5 years) and gas prices (about $188 more over 5 years). Working in your favor: sales tax (about $495 less over 5 years). (Figures are for a typical SUV compared with the average state.)

5-year cost by vehicle class in New York

Uses real market-average vehicle prices per class (from our 152-vehicle MarketCheck pull) combined with New York-specific tax, fee, fuel and insurance data.

Popular vehicles: 5-year cost in New York

EV vs. gas in New York

At New York’s $0.22/kWh electricity and $3.60/gal gas, charging a typical EV at home costs about $871 a year, versus about $1,394 a year to fuel a typical gas sedan — a savings of $522 per year. Run your own numbers with the EV vs. gas calculator.

States with similar costs