Auto Ownership: Expense Analysis Between Idaho and Washington

Buying a car is a big decision, and it’s important to weigh the pros and cons before making a purchase. One of the most important factors to consider is the cost of ownership. In this article, we’ll compare the cost of auto ownership in Idaho and Washington. We’ll look at factors such as the purchase price, insurance rates, fuel costs, and maintenance costs. We’ll also provide tips on how to save money on car ownership.

Purchase Price

The average price of a new car in Idaho is $31,750, while the average price of a new car in Washington is $32,850. This means that, on average, you can expect to pay about $1,100 more for a new car in Washington than you would in Idaho.

However, it’s important to note that the average price of a new car can vary significantly depending on the make and model of the car. For example, the average price of a new Toyota Camry in Idaho is $25,440, while the average price of a new Toyota Camry in Washington is $26,490. This means that you could pay as little as $1,050 more for a new Toyota Camry in Washington than you would in Idaho.

If you’re buying a used car, the price will vary even more. The average price of a used car in Idaho is $19,375, while the average price of a used car in Washington is $19,950. This means that, on average, you can expect to pay about $575 more for a used car in Washington than you would in Idaho.

Insurance Rates

The cost of auto insurance varies significantly from state to state. In Idaho, the average annual cost of car insurance is $1,032. In Washington, the average annual cost of car insurance is $1,154. This means that, on average, you can expect to pay about $122 more for car insurance in Washington than you would in Idaho.

However, it’s important to note that the cost of car insurance can vary significantly depending on factors such as your age, gender, driving history, and the type of car you drive. For example, a 25-year-old male with a clean driving record and a Toyota Camry can expect to pay about $800 per year for car insurance in Idaho. In Washington, the same driver can expect to pay about $900 per year for car insurance.

Fuel Costs

The cost of fuel varies from state to state. In Idaho, the average price of gas is $3.30 per gallon. In Washington, the average price of gas is $3.40 per gallon. This means that, on average, you can expect to pay about $10 more per month for gas in Washington than you would in Idaho.

However, it’s important to note that the cost of gas can vary significantly from city to city. For example, the average price of gas in Boise, Idaho is $3.25 per gallon. In Spokane, Washington, the average price of gas is $3.45 per gallon. This means that you could pay as little as $5 more per month for gas in Boise than you would in Spokane.

Maintenance Costs

The cost of car maintenance varies from car to car. However, on average, you can expect to spend about $500 per year on car maintenance. This includes things like oil changes, tire rotations, and brake repairs.

The cost of car maintenance can vary significantly from state to state. In Idaho, the average annual cost of car maintenance is $475. In Washington, the average annual cost of car maintenance is $525. This means that, on average, you can expect to pay about $50 more for car maintenance in Washington than you would in Idaho.

Total Cost of Ownership

The total cost of car ownership includes the purchase price, insurance rates, fuel costs, and maintenance costs. In Idaho, the average total cost of car ownership is $5,007 per year. In Washington, the average total cost of car ownership is $5,281 per year

XO REAL ESTATE - Idaho Realtor - Brokered By eXp

All trademarks and brand names are property of their respective owners and are used for identification purposes only, without implying endorsement or affiliation.Content on this website is for informational purposes only. Users are encouraged to verify the information with the original sources.‚Äč

Get Your Free Idaho Buyers Guide