Wednesday, August 21, 2013

Virginia Ranks 9th in Nation for Cost of Car Ownership

The Washington Business Journal reports that in Virginia, the total cost of car ownership is $3,622, which includes repairs ($382), gasoline ($1,002), insurance ($670) and taxes/fees. Virginia also has the fifth-highest automobile taxes and fees, at an average of $1,568 per year.

Those costs help Virginia rank No. 9 on the list of most expensive states for drivers. Bankrate bases its list on how much drivers spend on gas, insurance, repairs, taxes and fees.

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