Via CarInsurance.com (full story):
A new Honda Accord costs about the same amount no matter where you buy it. But every dime you spend after you leave the dealer’s lot is affected greatly by where you live.
Percentage-wise, Wyoming drivers aren’t hurting as much as those in Mississippi.
image via blogs.autonet.ca
Gas and insurance consume 9.1 percent of an average Wyoming household income of $52,848. But households in the nation’s poorest state bring in considerably less, $36,821, drive a lot of miles and pay more than average for insurance. Overall, Mississippians spend 11.6 percent of household income to fuel and insure their cars, the most of any state.
If there’s a common factor among our 10 most miserable states, it’s that their motorists rack up a lot of miles and pay much higher-than-average insurance rates. Mississippians, for example, drive more miles than motorists anywhere except Wyoming, and they pay more for insurance than most people do. Yet gasoline isn’t cheap there and incomes are the nation’s lowest.
Click here to see the full rankings.