Overview

Automobile Insurance: The Basics is a short, 60 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.

_______________________________________________________________

Objectives

The students will:

Define basic automobile insurance terms

Identify what determines automobile insurance premiums

List at least 5 reasons they need insurance

Determine their insurance coverage needs and explain their choice

Recognize what they can do to reduce risk

_______________________________________________________________

Time Required

60 Minutes

_______________________________________________________________

Materials:

To download the materials, right click and ‘save target as’ (PC) or hold down the option key and click the link (Mac).

Risk Responsibility Reality video clip

Power Point Presentation

Vocabulary Worksheet

Vocabulary Worksheet – Key

Automobile Insurance Situations Worksheet

Automobile Insurance Situations Worksheet – Key

Automobile Insurance Coverages Worksheet

_______________________________________________________________

Procedures:

Download/View lesson procedures

_______________________________________________________________

Assessment:

Teachers can choose from the following assignments:

Have students complete the vocabulary worksheet on automobile insurance

Automobile Insurance Situations worksheet

Automobile Insurance Coverages Worksheet

_______________________________________________________________

Resources:

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, Tana B. Fundamentals of Insurance. Dubuque: South-Western, 2003