• What personal and state factors are used to decide vehicle insurance coverages and rates?
• What minimum auto insurance must you carry by law in your state and one additional state? You will find state-by-state minimum car insurance data at The Balance Website.
• Have you decided to carry any insurance over the minimum requirements, and why or why not?
• How do average annual vehicle insurance rates (costs per vehicle) in your state compare the other state you have chosen?
• Vehicle insurance rates are partially based on the rates of accidents, injuries, and deaths in your state. Report on your and one other state's statistics. A good resource to use is the National Highway Traffic Safety Administration.
• What optional insurance coverages are available to purchase, and which have you chosen and why?
• What do you pay for car insurance per month, and have you learned any ways to reduce your premium?
Sample Solution