The study found Georgia to be the most expensive state, mostly due to the sprawling nature of its biggest city, Atlanta. Because Georgians spend a lot of time in the car, gasoline and insurance costs are quite high.
Conversely, Oregon was the cheapest state, courtesy of having no sales tax and low insurance costs.
Click through to see if your state is on the list. For a full breakdown of the costs in all 50 states, head over to BankRate.com.
No. 5 Cheapest - IndianaAverage Cost Per Year: $2,698
Drivers in Indiana enjoy low taxes and insurance costs on their vehicles. All in all, they pay about $2,700 per year to operate their car.
No. 4 Cheapest - MontanaAverage Cost Per Year: $2,660
Car owners in Montana are not only treated with beautiful scenic roads, but also low taxes and car repair costs.
No. 3 Cheapest - South DakotaAverage Cost Per Year: $2,343
Owning a car in South Dakota costs just $2,343 per year. On average, drivers pay a miniscule $524 per year for insurance.
No. 2 Cheapest - AlaskaAverage Cost Per Year: $2,227
If you own a car in beautiful Alaska, you're in luck when it comes to costs. People pay just over $2,200 per year on average.
No. 1 Cheapest - OregonAverage Cost Per Year: $2,204
Oregon is the cheapest state to operate a vehicle. In addition to low repair and insurance costs, taxes/fees amount to just $157 per year on average.
No. 5 Most Expensive - NevadaAverage Cost Per Year: $3,886
Nevada may be fun for vacationers, but it's more painful than most states when it comes to owning a car. Taxes and insurance are quite high in the Silver State.
No. 4 Most Expensive - Rhode IslandAverage Cost Per Year: $3,913
Rhode Island may be a small state, but it's an expensive state to own a car. Owners pay almost $4,000 per year to operate a vehicle.
No. 3 Most Expensive - WyomingAverage Cost Per Year: $3,938
Gasoline costs in Wyoming are higher than every other state. Car owners pay over $1,600 per year to keep their vehicle filled up.
No. 2 Most Expensive - CaliforniaAverage Cost Per Year: $3,966
Almost everything is more expensive in California, including car ownership. Taxes and fees are especially high.
No. 1 Most Expensive - GeorgiaAverage Cost Per Year: $4,233
Georgia is the most expensive state to operate a car, courtesy of very high taxes and fees, as well as high gas costs.