So, you’ve decided to reward your graduate with a car (or help your grad purchase one, at least). That’s great! Adding a car to the family can make life easier for everyone — as long as it’s the right car.
Now, how do you figure out which car is the right car? Whether you’re shopping for a new or used car, here are a few things we at ABI Insurance would like you to consider.
Safety
It’s easy to find out which cars did well in crash tests (and which didn’t). Visit these sites for current and past ratings, and other useful tools:
- The Insurance Institute for Highway Safety has a list of the top safe vehicles for teens
- The National Highway Traffic Safety Administration site has ratings going back to 1990.
- The National Insurance Crime Bureau offers VINCheck® Lookup which allows you to enter a car’s vehicle identification number (VIN) to find out if it’s been reported stolen or flagged as a salvaged vehicle.
Reliability and Usage
Subscription-based sources such as Consumer Reports can give you a good idea of the experience other owners have had with the models you’re considering. Warranty coverage is usually included with new vehicles, and some used cars that have undergone a certification program. Depending on how your grad is going to use the car, you’ll want to look at mileage estimates and features such as all-wheel drive.
The Importance of an Inspection
Buying used? It’s crucial that you get an inspection from a trusted repair shop. Get as much history on the car as you can. For a fee Carfax, Kelley Blue Book, or a similar service can provide owner records or a full report on the vehicle. And, if you feel the sellers aren’t being forthcoming, walk away. Don’t let their problems become your problems.
Cost of Ownership
Certain cars cost more to repair and maintain than others, and insurance costs can vary widely as well. We would be happy to help you determine the impact different models can have on the price of coverage. When you get further along in your search and have a few choices in mind, give us a call to get a few quotes! 503-292-1580.
Delaying a Driver’s License
If your grad is reluctant to get a driver’s license, you may benefit from the decision to hold off on licensing, depending on individual circumstances. Some potential advantages include:
- Cost Savings – Avoiding the costs associated with owning and maintaining a vehicle, such as insurance, fuel, maintenance, and registration fees.
- Safety – Younger drivers are statistically more likely to be involved in accidents. Delaying a license can allow for increased maturity and potentially safer driving habits.
- Stress Reduction – Avoiding the stress of driving in heavy traffic or unfamiliar areas, especially for those who may feel anxious about driving.
- Environmental Impact – Reducing personal carbon footprint by relying on public transportation, walking, or cycling instead of driving a car.
When the time is right and you find the right car, not only will your graduate be thrilled, but you’ll also look on with confidence – and pride – as your grad drives off toward the future.
Remember to give us a call before you make a purchase. We can provide you with insurance quotes to help you with your buying decision. 503-292-1580.
Reprinted with permission from Safeco Insurance®.
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