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COST OF OWNERSHIP BY STATE

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

$4per gallon, illustrative average

Electricity

$0.16per kWh, illustrative average

Sales tax

6.00%plus ~$145 average registration

Insurance in Maryland runs close to the national average in this model, reflected as a 1.05× multiplier on our base class rates.

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/mo

SUV / crossover

$46,8985-year estimate, $782/mo

Truck

$49,2295-year estimate, $820/mo

Electric

$49,3625-year estimate, $823/mo

Luxury

$70,5765-year estimate, $1,176/mo
Your actual cost depends on the specific vehicle — use the interactive calculator and select Maryland for a number tailored to your car, or browse real vehicle estimates.