The financial situation of Brazilians has become more difficult every day, and for those who own a vehicle, it can get a little worse. This is because, in addition to IPVA increase, mandatory tax for those who own a car, they will still face an increase in service fees from insurance companies. Understand better during the course of the article this increase in rates for cars.
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More expensive insurance and IPVA
Maintaining a car is getting more expensive every day. In addition to the dozens of other common expenses in people's lives, there are also expenses incurred by drivers such as fuel, maintenance, cleaning, IPVA and vehicle insurance.
Aside from the significant and frequent increases in gasoline, the bad news for drivers is that it won't be the only one rising in price. Some states have already announced an increase in IPVA rates and, in some cities, insurance will also be more expensive.
What is the IPVA?
The IPVA is a state tax established by the Federal Constitution, which is levied on the ownership of terrestrial motor vehicles, of any nature. Therefore, each Brazilian state has the power to define the value of the rate to be charged, which cannot exceed 6% of the value of the vehicle.
In addition, the state is also responsible for charging all vehicles linked to its territory. Therefore, it is natural that in some places IPVA is more expensive than in others.
The tax is charged once a year and can be paid in cash or in installments, with the dates and payment options also defined by the state.
car insurance
Taking out insurance is essential when you buy a car, after all, it is able to ensure the repair of possible damage and even in cases of robbery or theft. Its value is based on several factors, and one of them is the value of your car.
Therefore, it is natural that the cost varies from one state to another, considering that the values of cars also vary. So, although the increase occurs in several states of Brazil, it is possible that, in the state next to yours, insurance is much cheaper.
