1. INSURANCE Reimbursement for personal or financial loss

2. Did you know The number of insurance claims for auto accidents involving teens is ____% higher than those for adults 100% Teen crash rates drop by ____% six months after getting their licenses. 40% There is a ____% chance you’ll be involved in an alcohol related traffic accident at some point in your life 35%

3. Premiums Amount you pay for coverage Amount varies according to coverage needed Amount varies according to the deductible

4. Deductible Amount of loss you pay before the insurance company pays Deductible should be low enough so you do not suffer financial hardship, but high enough so you lower the premium

5. Factors Affecting Insurance Costs Gender Good Student Cost of Repairs Marital Status Drivers Education Type of car AGE Use of the car Location

6. Jigsaw Comp Collision Bodily Injury Liability Property Damage Liability Medical Expense Uninsured Motorists

8. BODILY INJURY LIABILITY Covers injuries to others when the policyholder is at fault in an accident Legal defense for damage payments Payment for any damages Medical expenses, loss of income, pain and injury

9. PROPERTY DAMAGE LIABILITY Covers damage to the property of others if the policyholder is at fault Property includes their home, yard, belongings…

10. Comprehensive Covers damage to car in situations such as fire, theft, vandalism Has a deductible Covers the “acts of nature” Situations that are out of your control

11. Collision Covers YOUR car as a result of a collision with another car or object or roll over Payment is made regardless of fault Coverage includes a deductible Insurance co. has option to pay cost of the repairs or cash value of the car

12. Medical Expense Covers reasonable medical expenses of policyholder and the family if: *injured while riding in the car *injured while riding in another car *struck by a car while walking *struck while riding a bike *covers guests in the car *coverage regardless of who is at fault

13. Uninsured Motorist Covers reasonable medical expense if injured by a hit and run driver or an uninsured driver Covers damage to car, property or person