Homework: Assess Insurance Coverage & Policy Types
Length: 2 to 4 pages.
Prompt:
Your homework focuses on vehicle insurance coverage in your current (or your home) state (or country) and one other state of your choosing. The following elements should be thoroughly researched and reported on in this essay:
I. What personal and state factors are used to decide vehicle insurance coverages and rates?
II. What minimum auto insurance must you carry by law in your state and one additional state? You will find state-by-state minimum car insurance data at The Balance Website.
III. Have you decided to carry any insurance over the minimum requirements, and why or why not?
IV. How do average annual vehicle insurance rates (costs per vehicle) in your state compare the other state you have chosen?
V. Vehicle insurance rates are partially based on the rates of accidents, injuries, and deaths in your state. Report on your and one other state's statistics. A good resource to use is the National Highway Traffic Safety Administration.
VI. What optional insurance coverages are available to purchase, and which have you chosen and why?
VII. What do you pay for car insurance per month, and have you learned any ways to reduce your premium?
Format your homework according to the give formatting requirements:
• The answer must be using Times New Roman font (size 12), double spaced, typed, with one-inch margins on all sides.
• The response also includes a cover page containing the student's name, the title of the homework, the course title, and the date. The cover page is not included in the required page length.
• Also include a reference page. The references and Citations should follow APA format. The reference page is not included in the required page length.