COST OF CAR OWNERSHIP - The cost of owning a car can quickly add up. From vehicle tax to gasoline and maintenance repairs, a new report by Bankrate found the hidden costs of owning a car can quickly add up to $6,684 a year. The rise in car insurance also played a factor. Between June 2022 and June 2024, average full coverage car insurance rates skyrocketed by 20 percent. Nicole D'Antonio is live in Washington with details on the report. She offers state data for each affiliate.
