In this interactive activity, students will be presented with a selection of auto insurance policies (basic, standard, deluxe and platinum), each offering different coverage options, and have the opportunity to tailor their coverage by adding necessary add-ons. They will find how the premium changes based on the plan and the add-ons. After the selection of the policy, students will see a series of events happening to their car over four simulated years, each event will have a cost associated, based on the insurance policy they selected, a part will be paid by the insurance company, and the other part by them. Students will find out the total expense they incur by paying the premiums and the cost of the event.
Students will then compare the effect of choosing each of the insurance plans listed and find out which is better.
The primary objective of this activity is to empower students with the skills needed to make informed decisions when choosing auto insurance policies. Through this hands-on exercise, students will not only enhance their insurance literacy but also learn the art of responsible risk management in the context of auto ownership.
This worksheet is a classroom-ready interactive and dynamic worksheet that just needs a few clicks to assign to your classroom. The worksheet is auto-scored, teachers just need to open the real-time console and monitor the student progress.
The primary objectives are to teach students how to assess different coverage options, select appropriate add-ons, calculate insurance premiums, and understand how insurance can mitigate financial risks associated with car ownership.