Presentation on theme: "Automobile Insurance Managing the Risk. True or False? The motor vehicle death rate per 100,000 people is especially high among 16-24 year-olds and people."— Presentation transcript:
Automobile Insurance Managing the Risk
True or False? The motor vehicle death rate per 100,000 people is especially high among year-olds and people 80 years and older. True
What is the leading cause of deaths among Americans ages 1-34? Motor vehicle crashes Contributing to the death toll are alcohol, speed, lack of seat belt use, and other problematic driver behaviors. Death rates vary widely by vehicle type, driver age and gender, and other factors.
According to the Dept. of Transportation, the total societal cost of crashes exceeds $200 billion annually. Automobile insurance can help you minimize the costs of automobile accidents.
Automobile Insurance Lesson Objectives: Understand the role automobile insurance plays in risk management Define basic automobile insurance terms and coverage Identify the factors affecting insurance rates Differentiate between the different types of coverage