2 factors you must consider before registering and insuring your next car
As with most things, car ownership in the U.S. has become more expensive. Beyond the car prices there are a multitude of factors contributing to rising car ownership costs. Among these are the often-hefty costs associated with registering and insuring a vehicle. For many Americans, these expenses can pose significant financial strain and require careful budgeting to manage effectively. According to data from the Insurance Information Institute , the average annual cost of car insurance in the US was $1,202 in 2019, while registration fees vary widely by state but can range from under $50 to several hundred dollars per year. 2 factors you must consider before registering and insuring your next car We have compiled the top three factors contributing to increased registration and insurance costs along with strategies for navigating potential pitfalls caused by uninformed decisions. Factors that influence Car Insurance rates: Car insurance is not only a legal requiremen...