In Michigan, you buy the trailer plate one time and it's good for the life of the trailer. Unfortunately, it is not transferable in any way, so if you buy a new trailer, you throw the old plate away. The plate for our new Montana cost $880. I'm not sure what the truck plate costs as I get four different vehicle plates at the same time. Total for all four was $523, and I think the truck was somewhere around $160 of that. Car insurance for all four vehicles is around $2,700 a year with full coverage on all.
I believe California was the first state to start basing their license plates on the value of the vehicle, and their plates are very expensive.
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