Personal Finance – 5/10/17

I.  Bellwork –

A.  Questions & Answers

1. Explain why you need auto insurance?
2. How much does car insurance cost on average for a high school student?
3. What factors can cause differences in the cost of insurance for drivers?

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?

C.   Banzai Simulation due Friday

 

Personal Finance W2017