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=xlsiEM9wYGA