2. Auto Insurance Knowledge for a Lifetime Car insurance can help: Safeguard your investment in your automobile Pay for medical expenses in case of an accident Provide financial protection from lawsuits Cover losses caused by uninsured or underinsured drivers Pay for damage due to theft, vandalism or natural disasters

3. YouTube - Allstate - Marina Towers 30- second SpotYouTube - Allstate - Marina Towers 30- second Spot

4. Insurance…Knowledge for a Lifetime

5. $500 $600 $500 $300 $200 $1,000

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7. Insurance helps to pay bills! Insurance company takes money from the bowl… …to help you you pay for bills!

8. Insurance 1. Protects you from monetary loss 2. Protects others when you’re at fault

9. Insurance terms Contract –An agreement between you and your insurance company Claim –What you file when you are in a collision Premium –What you pay for your insurance Face value –The monetary amount covered by your policy

10. Types of Insurance * Bodily-injury liability * Uninsured motorist Medical payment * Property-damage liability Collision Comprehensive * Required in Illinois

11. Bodily-injury liability 1. Required 2. Pays for others injuries when you are at fault 3. Minimum face value $20,000/40,000 –$20,000 maximum one person may receive –$40,000 maximum paid for the entire collision Covers court costs Get this one

12. Property-damage liability 1. Required 2. Covers repairs or replacement of public or private property when you’re at fault –public: stop lights, guardrails, signs –private: car, mailbox, fence 3. Minimum $15,000 Covers court costs

13. Property Damage Liability

14. Uninsured motorist 1. Covers you and your family’s bodily injury only –In a car or on foot 2. Covers you from being hit by an uninsured motorist or a hit and run I hope he’s insured

15. Medical payment insurance 1. Not required 2. Pays for your injuries when you are at fault 3. Pays for your passenger’s injuries when you’re at fault

16. 16 year old driver ‘92 Camaro ran into ‘99 Chrysler at 55 mph Not wearing seatbelts! Both driver and passenger were injured!

17. Collision 1.Covers repairing or replacing your car when you’re at fault 2.Has a deductible 3.Covers from hit and run and uninsured motorist 4.Not required

18. If the owner wants to get his car repaired, he must first pay a __________________? DEDUCTIBLE

19. Comprehensive 1. Not Required car 2. Covers fixing your car if it is damaged by: –Acts of nature –Vandalism –Theft –Riots 2. Has a deductible

20. DEDUCTIBLE Definition: The deductible is what you pay before the insurance company pays - The higher the deductible the lower the premium –Example: Cost to repair your vehicle is $1,800 –Your deductible (what you pay) is $500 –How much does the insurance company pay? $1,800 -$500 $1,300

21. The 2 types of insurances that have DEDUCTIBLES are…

22. You may buy Towing Rental car coverage Glass coverage

23. If joe is uninsured, what insurance pays for jane’s injuries? Minimum $500 fine Suspension of vehicle registration until fee is paid Repeat offenders- 4 month suspension $1000 minimum for driving a suspended vehicle UNINSURED MOTORIST

24. If you hit an unattended vehicle 1.Look for the owner if possible 2.Leave a note with name, phone number and license plate # 3.Report to police 4.If you fail to report a crash you can be fined $2500 and jail up to 1 year 5.Leaving the scene, If you fail to report and accident with in 30 minutes. May be fined up to $25000 and a prison sentence of 1 – 3 years

25. Steps to take in case of a collision Stop in a safe place Aid the injured Warn other traffic Send for help Exchange information Report to IDOT within 10 days Mitsubishi Montero Crash Connecticut

26. Assigned risk program may get you dropped 1. Too many claims and/or tickets may get you dropped 3 times 2. You may pay 3 times as much for your coverage probation for 3 years. 3. You are on probation for 3 years. If you clean up your record in those 3 years your rates may drop Hammered by 18 Wheeler Truck Durban, South Africa

27. Variables that will affect your premium 1. Address 2. Gender 3. Age 4. Grades 5. Type of vehicle driven –Year –Model –Horse power 6. Marital status 7. Miles driven 8. Occasional / primary driver 9. Prior Insurance Claims 10. Driving Record Auto Skid CD

28. Can you get a discount on your insurance rate? YES!!!! 1. Good driver discount 2.Good student discount 3.Vehicle has certain safety features 4.Multiple insured vehicles 5.No claims or convictions John’s premium is $700 every 6 months X.20 good student discount $140 savings every 6 months $280 savings each year!

29. For your information!! License plates on front and back

30. Modifications to your vehicle… Any modification done to your car must be reported to your insurance company: exhaust, engine, sound system Can not be able to hear music 75 ft away from car Items hanging on rearview mirror Tinted windows- must be able to see inside front and side windows

31. No running lights (neon) No neon lights inside car Can’t wear headphones: one earpiece for a phone is okay No siren in the car No red lights visible in the front of the vehicle Can’t jack up the car one side higher than the other

33. INSURANCE TEST 60 POINTS TOTAL 36 POINTS NEEDED TO PASS SHORT ANSWER

34. Insurance (2 points) Protects you from monetary loss Protects others when you’re at fault

35. What is a PREMIUM? 1 point What you pay for insurance.

36. Types of Insurance Bodily-injury liability Uninsured motorist Medical payment Property-damage liability Collision Comprehensive

37. Insurance Required in Illinois (3 points) Property Damage LiabilityProperty Damage Liability Uninsured MotoristUninsured Motorist Bodily Injury LiabilityBodily Injury Liability

38. Bodily-injury liability (4 points) 1.Required 2.Pays for others injuries when you are at fault 3.Minimum face value $20,000/40,000 Get this one

39. Property-damage liability (4 points) 1.Required 2.Covers repairs or replacement of public or private property when you’re at fault 3.Minimum $15,000

40. Uninsured motorist (4 points) 1.Required 2.Covers you and your family’s bodily injury only 3.Covers you from being hit by an uninsured motorist or a hit and run I hope he’s insured

41. Medical payment insurance (4 points) 1.Not required 2.Pays for your injuries when you are at fault 3.Pays for your passenger’s injuries when you’re at fault

42. Collision (4 points) car 1.Covers repairing or replacing your car when you’re at fault 2.Has a deductible 3.Covers from hit and run and uninsured motorist

43. Comprehensive (4 points) 1.Covers your car from: - Acts of nature, Vandalism, Theft, Riots 2.Has a deductible 3.Not required

44. DEDUCTIBLE (1 point) –The deductible is what you pay before the insurance company pays

45. Insurance that Requires you to pay a DEDUCTIBLE? (2 points) COLLISION COMPREHENSIVE

46. Variables that will affect your premium (10 points) 1.Where you live 2.Gender 3.Age 4.Type of vehicle driven 5.Miles driven 6.Academic Grades 7. Marital status 8. Occasional / primary driver 9. Prior Insurance Claims 10. Driving Record

47. Can you get a discount on your insurance rate? (3 points) YES!!!! 1.Good driver 2.Good student 3.Driver education 2 points Be able to determine a person’s premium with a 20% Good Student Discount $650 X.20 $130 savings

48. No-fault insurance Illinois does not have no-fault Each company pays for their own drivers injuries and damages

49. Assigned risk program (3 points) may get you droppedToo many claims and/or tickets may get you dropped 3 timesYou may pay 3 times as much for your coverage probation for 3 years.You are on probation for 3 years. If you clean up your record in those 3 years your rates may drop

50. If you hit an unattended vehicle (3 points) 1.Look for the owner if possible 2.Leave a note with phone number 3.Report to police

51. Steps to take in case of a collision (6 points) Stop in a safe place Aid the injured Warn other traffic Send for help if needed Exchange information Report to IDOT within 10 days

52. Smith system of defensive driving Aim high in steering Keep your eyes moving Get the big picture Make sure you are seen Leave yourself an out