What If I Get My Grad A Car?

Buying a Car for Your Grad? Here’s What to Keep in Mind

 So, you’ve decided to reward your graduate with a car (or help him/her 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 here at R Hobbs Insurance Agency 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 awarded Top Safety Picks since the 2006 model year.

·         The National Highway Traffic Safety Administration site has ratings going back to 1990.

·         The National Insurance Crime Bureau 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

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 included with new vehicles, of course, but also 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, from owner records to a report from Carfax or a similar service. 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!

Contact us for all of your insurance needs! 

Buffalo Grove, Lincolnshire, and Riverwoods residents, at R Hobbs Insurance Agency, we can work with you to make sure you’ve got the coverage you need, while at the same time using all possible credits and discounts to make that coverage affordable. Just give us a call at (847) 680-0888 or send us a note at [email protected]. We want to help you meet your goals, and make sure what’s important to you is protected!

Content source: Safeco