Personal Finance – 12/16/2016

I.  Bellwork –

1. Why do you need auto insurance?
2. Explain how much does car insurance cost on average for a high school student?

II.  Objectives:

Content OBJ:

• determining the meaning of various forms of auto insurance coverage
• discuss and the Michigan auto insurance coverage requirements for auto insurance

Lang OBJ

• utilize internet resources to identify and distinguish between the coverage components of auto insurance required in Michigan through discussion and completion of a brace map

III.  Notebook:

• Circle Map (Factors Impacting Auto Insurance Premiums)

IV.  Classwork

A.  Definitions 8 Page 594

B.  Information on Purchasing Auto Insurance  Questions & Answers

1. Why should I insure my vehicle?
2. What happens if I don’t insure my motor vehicle?
3. What auto insurance coverage do I have to purchase?
4. Explain to what 20/40/10 refers.
5. What are some of the extra (optional) auto insurance coverage I can buy?
6. What are the three types of collision coverage?
7. How might I reduce my premium if I want to stay with my current insurance company?

V.  Chapter  7 Tax Quiz on iLearn

Personal Finance F2016