Terms
Premium
What type of insurance covers damage or injuries you cause to other people?
Liability insurance
What is the regular payment you make to keep your car insurance active
Premium
What discount is given for good grades in school?
Good student discount
Repairs cost $1,000 and your deductible is $200. Insurance pays?
$800
What you pay out of pocket before insurance helps
Deductible
What type of insurance pays for damage to your car after an accident?
Collision insurance
What is the amount you pay before insurance covers a claim called
Damage/injuries to others
If your premium is $100 and you get 20% off, how much do you save?
$20
Repairs cost $600 with a $100 deductible. Insurance pays?
$500
Your contract with the insurance company
Policy
What type of insurance covers theft, vandalism, or natural disasters?
Comprehensive insurance
What does liability insurance cover?
Damage or injuries to others
A $200 premium is reduced by 25%. What's the new price?
$150
Repairs cost $400 and your deductible is $500. Insurance pays?
$0
What your insurance actually pays for
Coverage
What type of insurance protects you if the other driver doesn’t have insurance?
Uninsured motorist coverage
What type of insurance covers damage to your car after a crash?
What type of insurance covers damage to your car after a crash?
Q: Your yearly premium is $1,000 with a 15% discount. What is the new total?
$850
Repairs cost $3,000 with a $750 deductible.Insurance pays?
$2,250
The person who owns the insurance policy and is covered by it
Policyholder
What type of insurance covers medical expenses for you and your passengers after an accident?
Personal Injury Protection (PIP)
What is the contract between you and your insurance company called?
Policy
You get two discounts: 10% off $200, then another 10% off the new price. What is the final cost?
$162
Your deductible is $1,000 and repairs cost $5,500. How much do you pay?
$1,000