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Variable or running costs are those that depend on the use of the car, like fuel or tolls. [7] Compared to other popular modes of passenger transportation, especially buses or trains, the car has a relatively high cost per passenger-distance traveled. [8] For the average car owner, depreciation constitutes about half the cost of running a car. [9]
If you pay $4 per gallon of gas and your car gets 20 mpg, you’ll spend $2,000 on gas over the course of 10,000 miles. ... To save costs on car insurance, not only should you shop around for the ...
Average annual cost of full-coverage car insurance: $2,423. California. Average annual cost of full-coverage car insurance: $2,536. Colorado. Average annual cost of full-coverage car insurance: $2,801
The average cost of owning and operating a new car — including depreciation, financing, fuel, insurance, license and registration, taxes, maintenance, repair, and tires — is $12,182 per year ...
If an insured driver hits a car full of people and is found by the insurance company to be liable, the insurance company will pay $25,000 of one person's medical bills but will not exceed $50,000 for other people injured in the accident.
For most Americans, car ownership requires a lot more than plunking down your money and flooring it. Owning and operating a new vehicle reportedly costs drivers an average of around $11,000 ...
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