1. Auto Insurance By: Sarah, Judy, Sam

2. How much insurance should I buy? The minimum amount of auto insurance coverage that you need is determined by the state that you live in. Some state minimums are as low as 10/20/5. This is not nearly enough Recommended minimum amount: 50/100/25. *Amount insurance will cover for bodily injury to a group of people. *Amount insurance will cover for bodily injury to a single person. *Amount insurance will cover for property damage.

3. How much insurance should I buy? You need to purchase enough insurance to cover injuries that might result from an accident. Varies from driver to driver.

4. Causes of increasing insurance costs Cars today are more complicated. New car technology is more expensive to repair. Cars are more fuel-efficient and lighter than they used to be. Lighter cars= more damage. More lawsuits nowadays.

5. Factors affecting your premium Risky policyholders=higher premiums Factors: ▫Age ▫Gender ▫Marital Status ▫Where you live ▫Driving record

6. Whose insurance costs more? Ms. Young’s? or Sarah’s? ▫As you become a more experienced driver, your premium goes down. A married woman or a single man? ▫Women generally have better driving records than men. ▫Married people normally have fewer accidents than single people.

7. Whose insurance costs more? A farmer in a small town? Or a man living in New York City? ▫More accidents take place in urban than rural areas. A man who has caused six accidents? Or a woman with a perfect driving record? ▫A poor driving record will raise your premiums or your insurance company may even drop you. A new Mercedes? A used Camry? ▫A car that is more expensive to fix, or replace after theft will have a higher premium.

8. How to reduce your premium: Be a safe and responsible driver Drive a moderately priced car. Be a good student ▫Some insurance companies give discounts to good students.

9. Insurance will cover unexpected costs: http://www.youtube.com/watch?v=xlsiEM9wY GAhttp://www.youtube.com/watch?v=xlsiEM9wY GA