1. Automobile Insurance
**The primary purpose of auto insurance is to protect you from potential liability claims in the event that you cause an accident.
**All car insurance policies will carry a premium and a deductible.
Deductible- -A specified amount of money you must pay before your
insurance company will pay a claim.
*A lower deductible means you pay a
higher premium every month.
*A higher deductible means you pay a
lower premium every month.

2. If you have a $250 deductible and then have a wreck causing $4300 in damage
To your car, how much will you pay out of pocket?
$250
How much will your insurance company pay?
$4050

3. Factors Affecting Insurance Rates
Age
Driving Record
Gaps in Insurance Coverage
Value or Reliability of Car
Location
a. high crime areas
b. highly populated areas
6. Annual Mileage

4. Liability insurance is mandatory in most states.
Two Types of Liability Insurance
Bodily Injury Liability
-does NOT cover you
-covers injuries or death of others caused by you
-medical bills, loss wages, pain and suffering
b. Property Damage Liability
-does NOT cover your property
-damages you cause to another’s car
-vehicles, houses, fences, shrubs, trees, etc.

5. What does “$100,000/$300,000” in bodily injury mean?
$100,000 per individual
$300,000 per accident
If you had this amount of coverage and you injured six people, how
Much would your insurance pay out to each person?
$300,000/6 people= $50,000 each person
**You may have to pay from your own pockets if you
don’t carry enough coverage.

6. Comprehensive Coverage- -covers incidents other than collision such as
fire, theft, floods, earthquakes, tornados, etc.
**Carry a higher deductible on comprehensive to save on monthly premiums.

7. Collision Coverage- -Pays for damage to your vehicle.
- -Not really worth it if you drive a low value car.

8. Uninsured Motorists Coverage- -covers repairs for your car when hit by someone without insurance.

9. **Create a public service announcement poster that will bring attention to the need for one of the types of insurance coverage.
-Picture(s)
-Color
-Clear Message

10. Bodily Injury Liability Property Damage Liability Comprehensive Coverage
Hunter B Lauren F Cynkendric
Corey Alicia Shelby
Caden Alex Christopher
Hailey Joshua Lauren K
Hunter B Elijah Ashton
Collision Uninsured Motorists Full Coverage
Kenneth Emery Kaitlyn
Kelly Mary Amy
Jarvis Noah Logan
Jordan Lydia Devon
Olivia Sydney