Analyzing auto insurance scenarios
Students use real-world scenarios to explore how people’s auto insurance coverage choices can affect them financially when unexpected events happen.
Big idea
Insurance can help lower the financial risks associated with owning and driving a car.
Essential questions
- What types of auto insurance coverage are available and what do they cover?
- How does auto insurance help limit your financial risks?
Objectives
- Analyze real-world scenarios to identify types of auto insurance coverage and concerns
- Evaluate risk factors, premiums, and financial responsibility related to auto insurance
What students will do
- Read about different types of auto insurance.
- Work in groups to select three types of coverage to buy.
- Read a scenario about a person with auto insurance and, based on the insurance coverage selected, determine how much they and the insurance company would be responsible for paying.
- Reflect on the need for auto insurance.
Download activity
Teacher guide
cfpb_building_block_activities_analyzing-auto-insurance-scenarios_guide.pdf
Student materials
cfpb_building_block_activities_analyzing-auto-insurance-scenarios_worksheet.pdf
Note: Please remember to consider your students’ accommodations and special needs to ensure that all students are able to participate in a meaningful way.