The Real Costs Associated with Buying a New Car

Discover the hidden expenses of owning a new car and learn how to save money along the way. From monthly car insurance premiums to title and registration fees, fuel costs, and maintenance expenses, uncover the real costs associated with buying a new car. Find out how factors like driving history and credit score impact insurance rates, and explore strategies to get cheaper car insurance.

UPDATED: Dec 11, 2023

Advertiser Disclosure

It’s all about you. We want to help you make the right coverage choices.

Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance company and cannot guarantee quotes from any single insurance company.

Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.

UPDATED: Dec 11, 2023Fact Checked

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Kristine Lee

Licensed Insurance Agent

Kristine Lee is a licensed insurance agent and one of The Zebra’s in-house content strategists. With a background in copywriting, she covers the ins and outs of the home and car insurance industries. She has been a contributor to numerous publications focused on the nuances of insurance, including on The Points Guy.

Licensed Insurance Agent

Schimri Yoyo

Licensed Agent & Financial Advisor

Schimri Yoyo is a financial advisor with active life and health insurance licenses in seven states and over 20 years of experience. During his career, he has held roles at Foresters Financial, Strayer University, Minnesota Life, Securian Financial Services, Delaware Valley Advisors, Bridgemark Wealth Management, and Fidelity.  Schimri is an educator eager to assist individuals and families in ...

Licensed Agent & Financial Advisor

UPDATED: Dec 11, 2023

Advertiser Disclosure

It’s all about you. We want to help you make the right coverage choices.

Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance company and cannot guarantee quotes from any single insurance company.

Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.

Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. Our goal is to be an objective, third-party resource for everything insurance related. We update our site regularly, and all content is reviewed by insurance experts.

UPDATED: Dec 11, 2023

Advertiser Disclosure

It’s all about you. We want to help you make the right coverage choices.

Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance company and cannot guarantee quotes from any single insurance company.

Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.

UPDATED: Dec 11, 2023Fact Checked

Are you considering buying a new car? Before you make that big decision, it’s important to understand the real costs associated with buying a new car. From monthly car insurance premiums and title and registration fees to fuel, maintenance, and other expenses, the financial responsibility can be significant. In this article, we delve into the key topics related to the real costs of owning a new car.

We discuss how factors like driving history and credit score impact insurance rates and provide tips on getting cheaper car insurance. We also help you calculate the right amount of coverage you need and share strategies for saving money on car-related expenses. Don’t make a purchase without being fully informed. Enter your zip code now to compare rates from the best insurance providers and take control of your car ownership costs.

Frequently Asked Questions

What are the real costs associated with buying a new car?

The real costs associated with buying a new car include monthly car insurance premiums, title and registration fees, fuel, tires, oil changes, and other maintenance costs.

How can I calculate the amount of coverage I need for my car insurance policy?

When calculating the amount of coverage you need for your car insurance policy, it is important to consider bodily injury, which can be extremely expensive. The key is to purchase sufficient coverage but to avoid buying more insurance than you really need.

How can I get cheaper car insurance?

To get cheaper car insurance, it is essential to maintain a safe driving record and a credit score of 650 or more. It is also important to compare quotes from different insurance companies to find the best coverage and price.

What do I need to bring with me when I buy a car?

When you buy a car, you will need to bring proof of insurance, which is required by law. You will also need to register your car, and most states require your license plates to be renewed each year.

How much does annual registration cost for a new car?

The cost of annual registration for a new car varies by state but is typically one of the lowest associated costs of owning a car.

How can I save money on car-related expenses?

To save money on car-related expenses, it is important to compare quotes from different insurance companies, maintain your car properly to avoid costly repairs, and shop around for fuel and other supplies.

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Kristine Lee

Licensed Insurance Agent

Kristine Lee is a licensed insurance agent and one of The Zebra’s in-house content strategists. With a background in copywriting, she covers the ins and outs of the home and car insurance industries. She has been a contributor to numerous publications focused on the nuances of insurance, including on The Points Guy.

Licensed Insurance Agent

Schimri Yoyo

Licensed Agent & Financial Advisor

Schimri Yoyo is a financial advisor with active life and health insurance licenses in seven states and over 20 years of experience. During his career, he has held roles at Foresters Financial, Strayer University, Minnesota Life, Securian Financial Services, Delaware Valley Advisors, Bridgemark Wealth Management, and Fidelity.  Schimri is an educator eager to assist individuals and families in ...

Licensed Agent & Financial Advisor

Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. Our goal is to be an objective, third-party resource for everything insurance related. We update our site regularly, and all content is reviewed by insurance experts.

Free Insurance Comparison

Compare quotes from the top insurance companies and save!

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