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Auto Insurance

Auto Insurance. Statistics. There are more than 12 million motor vehicle accidents annually 33,500 a day The typical driver will have a near automobile accident one or two times per month. An auto insurance policy is a contract between the policy holder and an insurance company. .

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Auto Insurance

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  1. Auto Insurance

  2. Statistics • There are more than 12 million motor vehicle accidents annually • 33,500 a day • The typical driver will have a near automobile accident one or two times per month

  3. An auto insurance policy is a contract between the policy holder and an insurance company.

  4. What Determines your Premium? • Age • Vehicle Type • Driving Record • Location • Prior insurance coverage • Prior claim record

  5. Teen Drivers • Ages 16-19 have 4 times as many accidents • 50% premium increase

  6. Coverage Options • Bodily and property damage liability is required in all states. • Uninsured and underinsured motorist • Medical Payments/Personal Injury Protection • Collision and Comprehensive

  7. Doesn’t Cover: • Stereos, CD players, and navigation systems installed after buying the car • Purses, cellphones, portable GPS units • Maintenance • Mechanical breakdowns or defects

  8. Reduce Risk & Lower Premiums! • Use your seatbelt • Observe speed limits • Concentrate on driving • Be patient

  9. Reduce Risk & Lower Premiums! • Don’t drink and drive! • Get good grades • Keep expensive items out of sight

  10. In Case of an Accident!!! • Safety FIRST! • Get contact, license plate number and information • Information for passengers and witnesses • Call police • Take pictures • Call insurance company

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