1. Auto Insurance

2. Five Common Types of Insurance

3. Typically described in a series of numbers (100/300/50)
Liability Coverage: protects insured (student) against claims for bodily injury to another person or damage to another person’s property
Typically described in a series of numbers (100/300/50)
100 = $100,000 will be paid for injury to one person
300 = $300,000 total amount paid for all people
50 = $50,000 will be paid for property damage

4. Collision Coverage
– Auto insurance that protects your own car against damage from accidents or vehicle overturns.

5. Comprehensive Coverage
Auto insurance that covers damage to your car from causes other than collision or overturning.
Examples: Hail, fire, theft, vandalism

6. Uninsured / Underinsured Motorist Coverage
Insurance that pays for your injuries when the other driver is legally liable but can’t pay (either has no insurance or not enough coverage). Also covers you as a pedestrian if an uninsured car hits you.

7. Personal Injury Protection (PIP) medical coverage insurance
This insurance pays for medical expenses incurred by the insured and his/her passengers, regardless of fault.
It also covers the insured as a pedestrian or bicyclist if he/she suffers an injury.

8. How to save money on Auto Insurance
Shop around – compare various insurance companies
Ask about discounts:
Good driver
Multi-car
Good Grades
Anti-theft devices

9. How to save money on Auto Insurance
Shop for insurance before you buy a car
Find someone you trust
Ask for higher deductibles
Reduce coverage on older cars

10. Procedures in case of an accident
Stop car and get help for any injured parties
Call police or highway patrol
Provide police with as much information as required
Ask where you can get a copy of the accident report

11. Make notes – keep a notebook and pen in glove compartment
Make notes – keep a notebook and pen in glove compartment. Write down names and addresses of all drivers and passengers involved in the accident. Get license numbers and insurance information of each driver. Obtain witness information – names, phone numbers and addresses.
Phone your insurance agent or company as soon as possible
Ask what forms / procedure needs to be followed
Supply the information that the insurance company needs
Keep records and copies of all information sent to the insurance company as well as a record of expenses