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Section 1 (Day 5)

Section 1 (Day 5). Virginia Driver Responsibilities: Licensing Responsibilities. Bell Ringer. Write a half page red to red. Save these to be turned in with your test! Worth 10% of your grade.

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Section 1 (Day 5)

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  1. Section 1(Day 5) Virginia Driver Responsibilities: Licensing Responsibilities

  2. Bell Ringer Write a half page red to red. Save these to be turned in with your test! Worth 10% of your grade. • Some people prefer to eat at food stands or restaurants. Other people prefer to prepare and eat food at home. Which do you prefer and why? Support your opinion by using specific reasons and details.

  3. Reminder Bring paper/pen/pencil and notebook Electronics are for instructional use with permission Don’t forget to do daily quizzes on QUIA.COM No Excuses why you don’t take Quizzes 1-6 before test day!! (Quizzes are worth 30% of grade) Attendance is MANDATORY!! (NO SLEEPING in class) All notes can be found on Harrisonburg’s staff website: http://staff.harrisonburg.k12.va.us/~tbutler/ If you are NOT taking notes in class, please be quiet and ask to use the restroom at the end of class.

  4. Day 5 Objectives • The students will understand the importance of having auto insurance when operating a motor vehicle. • The students will learn the different type of auto insurance coverages. • The students will understand the characteristics of an insurance policy including prices, cost, and premium differences. • Related SOL: DE.19

  5. “Green Card” Your Name Here Harrisonburg High School H.C.P.S 36 x 03/06/2012 This is what you are trying to get at the end of class..

  6. Insurance

  7. What is auto insurance? • Auto insurance protects you against financial loss if you have an accident. • You agree to pay the premium and the insurance company agrees to pay your losses as defined in your policy.

  8. Insuring a Car • VA Law requires you to provide proof of financial responsibility • Your parents’ policy covers you while you have a learner’s permit

  9. 7 Types of Coverages

  10. 1- Liability Coverage • Pays: • Other people’s medical expenses • Other people’s auto repairs • Property damage • Covers: • You • Your family • Others driving with your permission • Required? • Yes, required by Virginia law

  11. 2- Medical Payments Coverage Pays: Medical expenses Funeral expenses • Covers: • You • Your family • Your passengers • Required? • Not required by Virginia law

  12. 3- Uninsured/Underinsured Motorist (UM/UIM) Coverage Pays: Medical expenses Funeral expenses Car repairs Car rental Replacement of damaged contents • Covers: • You (if hit by an uninsured/underinsured or hit-and-run motorist) • Required? • Not by Virginia law, but company must offer

  13. 4- Collision Coverage Pays: Your car repair Your car replacement Covers: Your car Regardless of driver or who was at fault Required? Not by Virginia law, but often required by the finance company that loaned you the money to buy the car

  14. 5- Comprehensive Coverage Pays: Car repair or replacement after: fire hailstorm theft or other non-collision event Covers: Actual cash value of your car Required? Not by Virginia law, but often required by car finance companies

  15. 6- Towing and Labor Coverage Pays: Towing On site labor charges such as changing a tire When your car is disabled Covers: Your car Required? Not required by Virginia law

  16. 7- Rental Reimbursement Coverage • Pays: • A rental car • after a crash • after comprehensive losses • Covers: • You and Your family • Required? • Not required by Virginia law Car Rental Company

  17. At a minimum, your insurance must provide the following: $25,000 for injury or death of one person $50,000 for injury of two or more people; and $20,000 for property damage. How much Insurance should you have? Do you think minimum insurance will cover this?

  18. If your vehicle is not insured, you must pay a $500.00 uninsured motor vehicle fee. This does not provide insurance, but allows you to register and operate a vehicle in VA. For 1 year. Do You Need Insurance?

  19. Virginia Auto Insurance You must show Proof of Financial Responsibility when you: • are asked for it by a police officer; • have a collision; or • register your vehicle or renew its plates.

  20. Penalties for Driving without Insurance • $500 fine • Suspension of your driver’s license • Suspension of your vehicle registration • Higher insurance premiums for the next 3 years • If you caused the crash, you are responsible for other people’s losses Suspended

  21. Insurance Costs How are car insurance rates determined?

  22. Factors used to determine your premium: Your Age, Marital Status, Driving Record, and Grades Highest Rates • Male drivers under 25 • Unmarried women under 21

  23. Factors used to determine your premium: Type of Car Collision and comprehensive rates • Highest for luxury, high-performance, and sports cars • Higher for cars that damage easily • Higher for cars that cost more to repair How you use your car Higher for cars driven a lot of miles and used for school, work or business Where you live and drive Urban counties have more crashes and auto thefts so rates tend to be higher than those in rural areas

  24. Factors used to determine your premium: Your Deductibles • Your share of the cost of a collision or comprehensive claim • You can reduce your premium by raising your deductibles Surcharges • Penalties added for accidents and certain traffic violations Discounts • Some are required by the state, while others are incentives offered by insurance companies

  25. Education and Car Equipment Savings NOTE: SOME insurance companies offer the following discounts Do Not Write this Slide!

  26. Some companies may give discounts for: • Your age • Annual mileage driven • No claims • Good driving record • Good grades "B" or 3.0 gpa

  27. Installment Plan Paying for Insurance • Many people can’t afford to pay their car insurance premium in one installment • Insurance companies must offer installment plans Installment Plan Number of Months _____ Interest Rate _____% ________________________ Client ________________________ Company Representative

  28. Paying for Insurance • How much is the down payment? • How much is my monthly payment? • How many payments do I make? • How much is my total payment? (annual or six-month premium plus interest ) Do Not Write this Slide

  29. Cancellation of your Insurance CANCELED First 60 days, company can cancel for any reason, including a ticket or a collision • After policy is in effect more than 60 days, can cancel but: - must give 10 days' notice before canceling • Must refund unearned premium Note: Cancellation for non-payment is effective immediately. CANCELED

  30. Class Work Section (Day 5) • In your driver’s education book, read pages 17-18 “The value of taking a driver education course” and then answer questions 1+2 in your notebook. • Save these to be turned in with your test.

  31. The End!!

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