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The official start of summer is still a few weeks away, but it's already started for many college students who have finally graduated. Over the years, parents have often gifted their college graduate with a car of their own — a gift as substantial as their years of hard work.

But unless the recent graduate has a job lined up, they're unlikely going to be able to foot the bills associated with owning a car — like auto insurance. A driver's experience, accident history and where someone lives, among other variables, all factor into the cost of auto insurance, but just as critical is the vehicle itself.

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