The Top 5 Auto Debt Balances by State 1. Texas: $6.7K 2. Louisiana: $5.7K 3. Georgia: $5.4K 4. New Mexico: $5.4K 5. Arkansas: $5.3K The Lowest 5 Auto Debt Balances by State 1. District of Columbia: $3K 2. Connecticut: $3.6K 3. New York: $3.7K 4. Rhode Island: $3.7K 5. Michigan: $3.7K At an average debt load per state of over $4,500, the nationwide auto debt load increased by over $9 billion in Q4 2018 to $1.3 trillion. This number, boosted by historically strong levels of new loans, also comes with a boost in serious delinquency rates to 2.4 percent. To learn more about how auto loans work, check out our Auto Loan Cost Guide . Four of the five states with the highest per capita auto debt loads are in Southern states, and four of the five states with the lowest loads are in Northeastern states (including the District of Columbia in first place). Michigan, not known for its economic robustness, has the fifth-lowest auto debt load. Of course, the cost of th