9.4 Purchasing a Used Vehicle 22105

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9.4 Purchasing a Used Vehicle 2/21/05

• Good Morning!
• Please grab a calculator.
• Please write the following title down in your
  notes along with the date.

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Discussion Questions

• 1. Why do you need car insurance?
• 2. What do insurance companies look at to decide
  how much your insurance will be?
• 3. If you get in an accident, is your insurance
  going to pay the entire cost of fixing your car?

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LIABILITY INSURANCE
25/100
25,000 for injuries to one person
100,000 for injuries to multiple people.
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COMPREHENSIVE INSURANCE
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COLLISION INSURANCE
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Deductible Clause

• This is the amount youre required to pay for any
  repair bill.
• (Usually you have to pay 50 or 100 and
  insurance pays for the rest.)

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Figuring out how much insurance costs

• annual base premium
• driver-rating factor
• annual premium

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• Liability Premium
• Comprehensive Premium
• Collision Premium
• Annual Base Premium

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Annual Premium- hinHow much you have to pay each
year.

• Annual Base Premium
• x Driver-Rating Factor
• Annual Premium

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