According to multiple analyses, Nevada has been identified as one of the most expensive states to own a car due to high gas prices, repair costs, insurance premiums, and auto loan payments. Forbes and LendingTree both rank Nevada as the most expensive state, tied with California, mainly because of high car insurance costs. Additionally, GoBankingRates.com places Nevada in the second spot based on various factors such as insurance premiums, gas prices, and average repair costs. Factors contributing to Nevada’s high insurance rates include the urban area residency of most residents, leading to increased chances of car crashes, as well as a high rate of vehicle thefts and rising costs of car repairs and medical treatments. This information is part of fact briefs produced by The Nevada Independent in collaboration with Gigafact to provide accurate and timely information on trending claims.
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