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 152-vehicle MarketCheck pull) combined with New York-specific tax, fee, fuel and insurance data.
Sedan
$35,6775-year estimate, $595/moSUV / crossover
$47,9745-year estimate, $800/moTruck
$50,2475-year estimate, $837/moElectric
$51,6465-year estimate, $861/moLuxury
$72,0885-year estimate, $1,201/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.