Finding the Right Car for Your Teen

When buying a car for your young driver, it’s important to find one that’s budget-friendly, affordable to insure, and most importantly—safe.  But according to two studies conducted by the Information Institute for Highway Safety (IIHS), teenagers are more likely to drive the least safe vehicles on the road, such as sports cars, subcompacts, or mini-cars.

Continue reading

Auto Insurance: How Much is Enough?

When you are ready to purchase an auto insurance policy, it’s likely you’ll want both affordability and a plan that covers you in nearly every scenario. But how much is enough?
Being adequately or fully covered means different things to different people and is dependent upon your situation. It is important to keep in mind that all insurance policies are contracts with terms and exclusions; no policy covers everything.

Continue reading

Is a Salvaged Vehicle a Smart Buy?

For bargain hunters, buying a salvaged vehicle has advantages and disadvantages. On the plus side: Even though it may not be worth as much as a clean-title vehicle, getting a good price on a safe, repaired car can make financial sense. According to the experts at Kelley Blue Book, you can buy a salvaged vehicle at a 20 to 40 percent discount from the market value. One of the negatives? You probably won’t get top dollar on your car when you go to resell it. So it’s important to do your research and consider your own intentions for the car. If you plan on keeping the vehicle for an extended period of time, it could be a smart purchase.

Continue reading