10 Most Expensive Countries To Own a Car — the U.S. is No. 7

In some countries, owning a car is a necessity while in others, it’s a wealthy luxury. But even in countries where owning a car is a must, it can be costly for the average resident.

To determine the most expensive countries to own a car, Compare the Market found average annual prices for fuel, maintenance, taxes and registration, insurance, parking fees, depreciation and more.

Based on this analysis, here’s a look at the 10 most expensive countries for car ownership.

• Total annual cost: $7,527
• Average annual cost for gas: $3,150
• Average annual maintenance cost: $863
• Average annual insurance cost: $734
• Average tax & registration cost: $388

• Total annual cost: $6,481
• Average annual cost for gas: $2,305
• Average annual maintenance cost: $782
• Average annual insurance cost: $1,080
• Average tax & registration cost: $366

• Total annual cost: $6,111
• Average annual cost for gas: $2,021
• Average annual maintenance cost: $801
• Average annual insurance cost: $1,326
• Average tax & registration cost: $104

• Total annual cost: $6,081
• Average annual cost for gas: $1,554
• Average annual maintenance cost: $612
• Average annual insurance cost: $887
• Average tax & registration cost: $232

• Total annual cost: $5,899
• Average annual cost for gas: $1,889
• Average annual maintenance cost: $593
• Average annual insurance cost: $795
• Average tax & registration cost: $238

• Total annual cost: $5,815
• Average annual cost for gas: $1,919
• Average annual maintenance cost: $679
• Average annual insurance cost: $794
• Average tax & registration cost: $390

• Total annual cost: $5,688
• Average annual cost for gas: $1,562
• Average annual maintenance cost: $679
• Average annual insurance cost: $1,080
• Average tax & registration cost: $167

• Total annual cost: $5,525
• Average annual cost for gas: $1,954
• Average annual maintenance cost: $643
• Average annual insurance cost: $867
• Average tax & registration cost: $208

• Total annual cost: $5,220
• Average annual cost for gas: $1,754
• Average annual maintenance cost: $655
• Average annual insurance cost: $772
• Average tax & registration cost: $253

• Total annual cost: $4,962
• Average annual cost for gas: $1,534
• Average annual maintenance cost: $538
• Average annual insurance cost: $716
• Average tax & registration cost: $578

Data is sourced from Compare the Market and is accurate as of June 10, 2024.