New research reveals that Nevada is the second most expensive US state in which to own a car. The report from Bankrate shows that hidden costs like insurance, taxes, gas, and maintenance average about $8,300 per year.

Nevada’s car insurance premiums are the fourth highest in the country

An 18% surge in insurance premiums over the past year has been a major contributor to the situation. Nevada’s car insurance premiums are the fourth highest in the country and are the costliest of all the hidden expenses

The only state more expensive than Nevada is Florida, with total average annual costs at $8,483. At the opposite end of the list, New Hampshire is the cheapest state for car ownership. Average annual costs in the Granite State are just $4,472; Washington and Alaska are the next most affordable states.