Scenario 1: Auto Insurance Name: Lucas Name: Maria Name: Dylan Age: 34 Age: 35 Age: 37 Type: Convertible Sports Car Type: Four Door Sedan Type: Four Door Sedan Make/Model: (Mustang) Make/Model: (Toyota) Make/Model: (Honda) History: Safe Driver History: Speeding, Accident History: Safe Driver Annual Premium: ________ Annual Premium: ________ Annual Premium: ________ Possible Premiums: $1000 per year, $1500 per year, $2000 per year Rationale for Assigning Insurance Premium: $1000 Annual Premium: Dylan would pay the least because he is the oldest and does not have a history of tickets or accidents. $1500 Annual Premium: Lucas would pay more than Dylan because he drives a sports car and is more likely to speed, posing a greater risk of a collision. $2000 Annual Premium: Maria would pay the most because she has a history of traffic citations which put her at higher risk of a collision.
Scenario 1: Auto Insurance Name: Lucas Age: 34 Type: Convertible Sports Car Make/Model: (Mustang) History: Safe Driver Annual Premium: ________ Name: Maria Age: 35 Type: Four Door Sedan Make/Model: (Toyota) History: Speeding, Accident Annual Premium: ________ Name: Dylan Age: 37 Type: Four Door Sedan Make/Model: (Honda) History: Safe Driver Annual Premium: ________ Possible Premiums: $1000 per year, $1500 per year, $2000 per year Rationale for Assigning Insurance Premium: $1000 Annual Premium: Dylan would pay the least because he is the oldest and does not have a history of tickets or accidents. $1500 Annual Premium: Lucas would pay more than Dylan because he drives a sports car and is more likely to speed, posing a greater risk of a collision. $2000 Annual Premium: Maria would pay the most because she has a history of traffic citations which put her at higher risk of a collision.
Grade%205%20Lesson%2015%20Risks%20and%20Insurance%20Premiums.docx