Automobile Insurance: The Basics is a short, 30 minute lesson designed to cover the fundamentals of automobile insurance. Students will understand that accidents happen more than most people think and that they are very expensive when they do happen. The lesson covers what automobile insurance is, how insurance companies classify risk, what determines premium amounts, and finally what the students can do to reduce risks.
The students will:
Define basic automobile insurance terms
Identify what determines automobile insurance premiums
Recognize what they can do to reduce risk
To download the materials, right click and ‘save target as’ (PC) or hold down the option key and click the link (Mac).
Have students complete the vocabulary worksheet on automobile insurance
According to the National Safety Council, there are more than 12 million motor vehicle accidents annually
The US Department of Transportation estimates that the typical driver will have a near automobile accident one or two times per month and will be in a collision of some type on average of every 6 years
The National Center for Statistics and Analysis reports crashes are the leading cause of death for ages 3-33
Crews, Tena B. Fundamentals of Insurance. Dubuque: South-Western, 2003