Virginia Ranks In Top 10 For Cost of Car Ownership | WAMU 88.5 - American University Radio

WAMU 88.5 : News

Filed Under:

Virginia Ranks In Top 10 For Cost of Car Ownership

Play associated audio
http://www.flickr.com/photos/40646519@N00/2899241270/

When it comes to the cost of operating vehicles, Virginia drivers are paying more out of pocket every year than most of the rest of the country.

The Commonwealth ranks No. 9 on Bankrate.com's list of annual car-ownership costs. According to the report, commuters lay out $3,622 every year on gasoline, insurance, taxes, and repairs.

Maryland, by contrast, clocked in at No. 29 on the list, with costs of $3,158 — just below the national average of $3,201. D.C. was not included in the rankings.

So what is it that puts the commonwealth head and shoulders over the competition? Taxes and fees in the state average nearly $1,600, the seventh highest in the country. Car taxes in Northern Virginia run between 4 and 5 percent, depending on the county. Arlington, for instance, charges 5 percent on the assessed value of a vehicle every year.

There's also some reason to believe that the report may understate the amount spent on gasoline for drivers in Northern Virginia. Commuters in the region face the second-longest commutes in the country behind New York City.

Earlier this year, Gov. Bob McDonnell signed legislation that eliminated the gasoline tax in favor of a 3.5 percent tax on the wholesale price of gasoline as well as a $64 "hybrid tax."

NPR

Beyond Charity: Turning The Soup Kitchen Upside Down

For 25 years, DC Central Kitchen has been a place for the hungry to feed themselves and learn new skills. Now a bustling social enterprise, it's inspired similar programs across the nation.
NPR

Beyond Charity: Turning The Soup Kitchen Upside Down

For 25 years, DC Central Kitchen has been a place for the hungry to feed themselves and learn new skills. Now a bustling social enterprise, it's inspired similar programs across the nation.
WAMU 88.5

New Anthony Brown Video Accuses Opponent Of 'Hiding' And 'Lying"

Democrat Anthony Brown unveiled a new web video today alleging that Republican Larry Hogan is "hiding" his positions on contentious issues like abortion and gun control.
NPR

Tech Week: Smartphone Privacy, Cyberstalking, Alibaba's Big Debut

Chinese e-commerce giant Alibaba makes the biggest debut on the NYSE ever. The details, and the other tech stories that piqued our interest, are in this week's roundup.

Leave a Comment

Help keep the conversation civil. Please refer to our Terms of Use and Code of Conduct before posting your comments.