A parent’s guide to your kid’s first car

Safety first

Look up the exact model year’s crash-test results from IIHS and NHTSA. Many parents prefer a mid-size car or small SUV over a tiny car or something very powerful. Driver-assistance features like automatic emergency braking and lane-keep assist are worth looking for, and many newer Chevys include them.

Insurance cost

Young drivers are expensive to insure, and the car you pick matters. Before you buy, ask your insurance agent to quote two or three specific cars — sporty or high-horsepower models usually cost more to insure. Ask about good-student and driver-training discounts.

Reliable pre-owned picks

A few-year-old, well-maintained car with a clean history report is often the sweet spot for a first car. I’ll look for one-owner cars with service records and give you the history report. Certified Pre-Owned can add coverage on qualifying vehicles. You’re welcome to have your own mechanic inspect any pre-owned car.

Co-signing basics

If your child is financing in their own name with little credit, a lender may require a co-signer. As a co-signer you’re fully responsible for the loan, and it shows on your credit. Financing is subject to credit approval. Alternatively, some parents buy or lease in their own name — talk to your insurance agent about how to title and insure it.

Budget

Count the whole cost: payment, insurance, gas, maintenance and tires. Setting a firm all-in monthly budget up front makes the choice much easier.

Tell me about the new driver below and I’ll find a few safe, sensible options with the numbers in writing.