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

Got Dessert? Slather On The Salted Caramel, Or Just Nibble Some

Once a high-end fad, the salted caramel dessert has made inroads into the most mainstream of American food chains, TGI Fridays. Maybe it was inevitable, given our historic cravings for salt and sweet.
NPR

Got Dessert? Slather On The Salted Caramel, Or Just Nibble Some

Once a high-end fad, the salted caramel dessert has made inroads into the most mainstream of American food chains, TGI Fridays. Maybe it was inevitable, given our historic cravings for salt and sweet.
NPR

Hillary Exhilaration Helps Energize Generation Z

Many young people are excited about the 2016 presidential election — and the chance to make history.
WAMU 88.5

Cellphones In Class Are No Problem In One Maryland School District

An Eastern Shore school district is allowing teachers to treat students' cellphones, tables and laptops as a resource rather than a nuisance.

Leave a Comment

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