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Module 10   2004
 

Module 10 2004

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    Module 10   2004 Module 10 2004 Presentation Transcript

    • Driver Responsibilities:Driver Responsibilities: Making Informed ChoicesMaking Informed Choices Topic 1 --Topic 1 -- Insuring VehicleInsuring Vehicle Topic 2 --Topic 2 -- Purchasing VehiclePurchasing Vehicle Topic 3 --Topic 3 -- Trip PlanningTrip Planning Topic 4 –Topic 4 – Virginia’s Conservation ConcernsVirginia’s Conservation Concerns Module Ten TransparenciesModule Ten Transparencies VirginiaVirginia Department of EducationDepartment of Education Provided in cooperation with the Virginia Department of Motor VehiclesProvided in cooperation with the Virginia Department of Motor Vehicles
    • Ownership ResponsibilitiesOwnership Responsibilities • Insurance CostsInsurance Costs • Purchase and Financing CostsPurchase and Financing Costs • Maintenance and Operating CostsMaintenance and Operating Costs • Registration and Inspection CostsRegistration and Inspection Costs T – 10.1 Topic 1 Lesson 1 Costs:
    • Insuring a CarInsuring a Car VA Law requires you toVA Law requires you to provide proof of financialprovide proof of financial responsibilityresponsibility T – 10.2 Topic 1 Lesson 1 If you still owe money onIf you still owe money on your car, your lenderyour car, your lender may require collisionmay require collision insuranceinsurance Your parents’ policy coversYour parents’ policy covers you while you have a learner’syou while you have a learner’s permitpermit
    • Financial Responsibility LawFinancial Responsibility Law $ Minimum liability coverageMinimum liability coverage $ Alternatives to insurance coverageAlternatives to insurance coverage $ Types of proof of financial responsibilityTypes of proof of financial responsibility $ When you must show proof of financial responsibilityWhen you must show proof of financial responsibility $ Penalties for driving without insurancePenalties for driving without insurance T – 10.3 Topic 1 Lesson 2
    • Required Minimum Liability Coverage in VARequired Minimum Liability Coverage in VA  $25,000 for bodily injury / death one person$25,000 for bodily injury / death one person  Up to $50,000 for bodily injury / death two orUp to $50,000 for bodily injury / death two or more personsmore persons  $20,000 for property damage$20,000 for property damage Virginia Auto InsuranceVirginia Auto Insurance T – 10.4 Topic 1 Lesson 2
    • You must show Proof ofYou must show Proof of Financial ResponsibilityFinancial Responsibility when you:when you: Virginia Auto InsuranceVirginia Auto Insurance T – 10.5 Topic 1 Lesson 2  are asked for it by a police officer;are asked for it by a police officer;  have a collision; orhave a collision; or  register your vehicle or renew its plates.register your vehicle or renew its plates.
    • Virginia Auto InsuranceVirginia Auto Insurance Penalties for Driving without Proof ofPenalties for Driving without Proof of Financial ResponsibilityFinancial Responsibility  $500 fine$500 fine  Suspension of your driver’sSuspension of your driver’s licenselicense  Suspension of your vehicleSuspension of your vehicle registrationregistration  Higher insurance premiumsHigher insurance premiums for the next 3 years (SR-22)for the next 3 years (SR-22)  If you caused the crash, youIf you caused the crash, you are responsible for otherare responsible for other people’s lossespeople’s losses T – 10.6 Suspended Suspended Topic 1 Lesson 2
    • Virginia Auto InsuranceVirginia Auto Insurance Facts on the Declaration Page of Your PolicyFacts on the Declaration Page of Your Policy T – 10.7 Topic 1 Lesson 3  The exact name of your insurance companyThe exact name of your insurance company  The policy numberThe policy number  Your coverage and how much it costsYour coverage and how much it costs  Your deductibles, if anyYour deductibles, if any  The vehicles insured on the policy, their vehicleThe vehicles insured on the policy, their vehicle identification numbers and their classificationsidentification numbers and their classifications for rating purposesfor rating purposes
    • Virginia Personal Auto PolicyVirginia Personal Auto Policy Seven Types of CoverageSeven Types of Coverage  LiabilityLiability  Medical PaymentsMedical Payments  Uninsured/Underinsured MotoristUninsured/Underinsured Motorist  CollisionCollision  ComprehensiveComprehensive  Towing and LaborTowing and Labor  Rental ReimbursementRental Reimbursement T – 10.8 Topic 1 Lesson 3
    • Liability CoverageLiability Coverage Pays:Pays:  Other people’s medicalOther people’s medical expensesexpenses  Other people’s auto repairsOther people’s auto repairs  Property damageProperty damage Covers:Covers:  YouYou  Your familyYour family  Others driving with yourOthers driving with your permissionpermission Required?Required?  Yes, required by Virginia lawYes, required by Virginia law T – 10.9 Topic 1 Lesson 4
    • Medical Payments CoverageMedical Payments Coverage Pays:Pays:  Medical expensesMedical expenses  Funeral expensesFuneral expenses T – 10.10 Covers:Covers:  YouYou  Your familyYour family  Your passengersYour passengers Required?Required?  Not required by Virginia lawNot required by Virginia law Topic 1 Lesson 4
    • Uninsured/UnderinsuredUninsured/Underinsured Motorist (UM/UIM) CoverageMotorist (UM/UIM) Coverage Pays:Pays:  Medical expenses  Funeral expenses  Car repairs  Car rental  Replacement of damaged contents T – 10.11 Topic 1 Lesson 4 Covers:Covers: (if hit by an uninsured/underinsured or hit-and-run motorist)  You  Your family  Your passengers Required?Required?  Not by Virginia law, but company must offer
    • Collision CoverageCollision Coverage T – 10.12 Topic 1 Lesson 4 Pays:Pays: Your car repair Your car replacement Covers:Covers: Your car Regardless of driver or who was at fault Required?Required? Not by Virginia law, but often required by the finance company that loaned you the money to buy the car
    • Comprehensive CoverageComprehensive Coverage Pays:Pays: Car repair or replacement after: fire hailstorm theft or other non-collision event rental car after theft Covers:Covers: Actual cash value of your car Required?Required? Not by Virginia law, but often required by car finance companies T – 10.13 Topic 1 Lesson 4
    • Towing and Labor CoverageTowing and Labor Coverage Pays:Pays: TowingTowing On site labor charges such asOn site labor charges such as changing a tirechanging a tire When your car is disabledWhen your car is disabled Covers:Covers: Your carYour car Required?Required? Not required by Virginia lawNot required by Virginia law T – 10.14 Topic 1 Lesson 4
    • Rental Reimbursement CoverageRental Reimbursement Coverage Pays:Pays: A rental car while your car is being repaired after a crash after comprehensive losses Covers:Covers: You Your family members Required?Required? Not required by Virginia law Car Rental Company T – 10.15 Topic 1 Lesson 4
    • Insurance CostsInsurance Costs  How are car insurance rates determined?How are car insurance rates determined?  What factors are used in establishingWhat factors are used in establishing rates?rates?  Discounts?Discounts? T – 10.16 Topic 1 Lesson 5
    • Insurance CostsInsurance Costs Factors used to determine your premium:Factors used to determine your premium: T – 10.17 Topic 1 Lesson 5 Type of CarType of Car  Highest for luxury, high-performance, and sports cars  Higher for cars that damage easily  Higher for cars that cost more to repair Collision and comprehensive ratesCollision and comprehensive rates How you use your car Higher for cars driven a lot of miles and used for school, work or business Your Age, Marital Status, Driving Record, and Grades Highest RatesHighest Rates Male drivers under 25 Unmarried women under 21 Where you live and drive Urban counties have more crashes and auto thefts so rates tend to be higher than those in rural areas
    • Insurance CostsInsurance Costs T – 10.18 Topic 1 Lesson 5 Factors used to determine your individual premium:Factors used to determine your individual premium: Your DeductiblesYour Deductibles Your share of the cost of a collision or comprehensive claim You can reduce your premium by raising your deductibles SurchargesSurcharges Penalties added for accidents and certain traffic violations DiscountsDiscounts Some are required by the state, while others are incentives offered by insurance companies
    • T – 10.19 Education and Car Equipment SavingsEducation and Car Equipment Savings NOTE: SOME insurance companies offer the following discounts Premium DiscountsPremium Discounts Topic 1 Lesson 6 Auto Insurance DiscountAuto Insurance Discount SavingsSavings Defensive driving coursesDefensive driving courses Percent offPercent off Liability, Collision, and Medical Payments Airbags and other passiveAirbags and other passive restraintsrestraints Percent offPercent off Medical Payments and Bodily Injury Drug / alcohol educationDrug / alcohol education Percent offPercent off Liability, Collision, Medical Payments, and Bodily Injury Anti-theft devicesAnti-theft devices May Reduce Comprehensive premium;May Reduce Comprehensive premium; amount varies by device and county Two or more cars on a policyTwo or more cars on a policy May reduceMay reduce Liability, Medical PaymentsLiability, Medical Payments and Collision Insurance costsand Collision Insurance costs
    • Some companies may give discounts for:Some companies may give discounts for: • Your age and annual mileage drivenYour age and annual mileage driven • Policy renewal, no claims, good drivingPolicy renewal, no claims, good driving record and anti-lock brakesrecord and anti-lock brakes • A parent or family whose young driver isA parent or family whose young driver is away at school without a caraway at school without a car • Full-time college and high school studentsFull-time college and high school students with a "B" or 3.0 grade point averagewith a "B" or 3.0 grade point average • Cars with automatic daytime running lightsCars with automatic daytime running lights • Membership or adult leadership in certainMembership or adult leadership in certain youth organizationsyouth organizations T – 10.20 Insurance Premium DiscountsInsurance Premium Discounts Topic 1 Lesson 6
    • High Risk DriversHigh Risk Drivers  High risk drivers (bad driving record)High risk drivers (bad driving record)  Each company has its own rules for deciding whether to insure high risk drivers (Called “underwriting guidelines”)  Usually much harder to get car insurance  Must pay higher premiums  Assigned-risk driversAssigned-risk drivers  VA Auto Insurance Plan—requires all insurance companies to take some high risk drivers  High risk drivers are assigned to an insurance company by the state  Surcharges are added for at least 3 years T – 10.21 Topic 1 Lesson 6
    • Your Driving Record May COST YouYour Driving Record May COST You T – 10.22 High Risk DriversHigh Risk Drivers Topic 1 Lesson 6 Crashes or ViolationsCrashes or Violations SurchargesSurcharges Your premiumYour premium MAYMAY increase by:increase by: One collision (at-fault) in 36 months 15% Two collisions 35% Three collisions 60% Each moving violation (speeding, etc.) (Surcharges will apply for certain traffic violations.) Varies Involuntary manslaughter 60% Driving under the influence 60% Criminally negligent driving 60%
    • Paying for InsurancePaying for Insurance  Many people can’t afford to pay their car insurance premium in one installment  Insurance companies must offer installment plans  Agents and insurers may use finance companies that will - lend you money at high interest rates to pay insurance premiums  Look for insurance companies that offer installment plans with low interest and fees T – 10.23 Topic 1 Lesson 6 Installment Plan Number of Months _____ Interest Rate _____% ________________________ Client ________________________ Company Representative InstallmentPlan
    • Paying for InsurancePaying for Insurance Ask the agent:Ask the agent:  Who will provide my installment plan? - the insurance company, or - a premium finance company  If it is a premium finance company, what is the interest rate?  How much is the down payment?  How much is my monthly payment?  How many payments do I make?  How much is my total payment? (annual or six-month premium plus interest ) T – 10.24 Topic 1 Lesson 6
    • INSTALLMENT PLAN WORKSHEETINSTALLMENT PLAN WORKSHEET Agent or Company Names ______________ ______________ Interest Rate, if any ______________ ______________ Down Payment ______________ ______________ Monthly Payment ______________ ______________ Number of Months ______________ ______________ Total you pay ______________ ______________ Use a worksheet to compare the installmentUse a worksheet to compare the installment packages offered by agents and companiespackages offered by agents and companies T – 10.25 Paying for InsurancePaying for Insurance Topic 1 Lesson 6
    • Losing Your InsuranceLosing Your Insurance CancellationCancellation First 60 days, company can cancel for any reason, including a ticket or a collision After policy is in effect more than 60 days, can cancel but: - must give 10 days' notice before canceling - Must refund unearned premium Note: Cancellation for non-payment is effective immediately. Non-renewalNon-renewal Company will not offer a new contract Request Reasons in WritingRequest Reasons in Writing Why company canceled the policy Why company will not renew the policy T – 10.26 Topic 1 Lesson 6 CANCELEDCANCELED CANCELED
    • After the CollisionAfter the Collision What Now?What Now?  Discuss what your policy requires you to do after a collision  Your uninsured motorist coverage pays for hit-and-run collisions only if the crash is reported to the police T – 10.27 Topic 1 Lesson 7
    • After the CollisionAfter the Collision T – 10.27a Topic 1 Lesson 7 Involved in a CrashInvolved in a Crash  Stop as close to the scene as possible  Check for injuries - make sure your passengers and those in the other vehicle(s) are OK • if anyone is injured or killed contact police immediately • if no one is injured and your vehicle can be moved, move it from blocking the traffic flow  Notify police  Warn oncoming traffic  Exchange information • provide insurance information • obtain information from others involved and witnesses  Notify your insurance company as soon as possible
    • After the CollisionAfter the Collision T – 10.27b Topic 1 Lesson 7 What should you do whenWhat should you do when you are involved in ayou are involved in a crash and have a claim?crash and have a claim? If the company rejects your claim or pays only part of it, you should be given an explanation for that decision.  Notify your insurance company promptly  Your agent can help you file the claim correctly and completely fill out any forms needed to verify your claim  Keep a copy of the forms for your records
    • Buying a CarBuying a Car  New or Used?New or Used?  Why Do I Need It?Why Do I Need It?  What Safety Features are Needed?What Safety Features are Needed?  How Much Will it Cost?How Much Will it Cost?  How Economical is It?How Economical is It?  What Options Do I Need?What Options Do I Need? T – 10.28 Topic 2 Lesson 1
    • Vehicle Price FormulaVehicle Price Formula Purchase Price x Interest Rate x Length of FinancePurchase Price x Interest Rate x Length of Finance Purchase Price -Purchase Price - $10,000$10,000 Interest Rate -Interest Rate - 8 percent8 percent Length of FinanceLength of Finance -- 24 months24 months Purchase Price + Sales Taxes + InterestPurchase Price + Sales Taxes + Interest = Total Price Approximately 11,592.00= Total Price Approximately 11,592.00 Your Monthly PaymentYour Monthly Payment What is your monthly payment?What is your monthly payment? T – 10.29 Topic 2 Lesson 1
    • Vehicle Price Monthly Payment FormulaVehicle Price Monthly Payment Formula Your Monthly PaymentYour Monthly Payment T – 10.29a Topic 2 Lesson 1 Price + taxes + interest # of months = Monthly payment Cost of Vehicle $10,000.00Cost of Vehicle $10,000.00 3.5% Titling Tax3.5% Titling Tax 8% Interest on Loan (based on unpaid balance)8% Interest on Loan (based on unpaid balance) Loan is over 24 Months.Loan is over 24 Months. $10,000.00 +$350.00 +$1200.00* 24 = $481.25$481.25 *1st year interest = $10,000 x .08 = $800 *2nd year interest = $5,000 x .08 = $400
    •  Preparing the vehiclePreparing the vehicle  Loading considerationsLoading considerations  Basic and emergency equipment needsBasic and emergency equipment needs  Personal preparationPersonal preparation Planning an Extended TripPlanning an Extended Trip T – 10.30 Topic 3 Lesson 1
    •  Lodging (hotel/motel)Lodging (hotel/motel)  MealsMeals  TollsTolls  Possible RepairsPossible Repairs  FuelFuel  Calculating Fuel CostsCalculating Fuel Costs Trip CostsTrip Costs - 1500 mile trip- 1500 mile trip - Car gets 22 mpg- Car gets 22 mpg - Fuel costs $1.60 per gallon- Fuel costs $1.60 per gallon T – 10.31 Topic 3 Lesson 1 Formula: 1500 x $1.60 = $109.09 22
    • City MapsCity Maps North orientation Legend (explains the markings and symbols on the map) Street Index – Letters/numbers reference location Determining Distances – Map scale Map ReadingMap Reading RICHMOND T – 10.32 Topic 3 Lesson 1
    • Map ReadingMap Reading State Maps North orientation Legend (explains the markings and symbols on the map) Town/City index Coordinates – Letters/numbers reference location Maps of major cities Determining distances – Map scale • Mileage chart T – 10.33 Topic 3 Lesson 1
    • Destination DrivingDestination Driving Using a Virginia map, plan a trip from your home to aUsing a Virginia map, plan a trip from your home to a point in Virginia more than five hours awaypoint in Virginia more than five hours away T – 10.34 Topic 3 Lesson 1  List the route numbers you could use with the directionList the route numbers you could use with the direction of travel (Example: I-95 North)of travel (Example: I-95 North)  How long it will takeHow long it will take  The number of milesThe number of miles  Location of rest stopsLocation of rest stops  Cost of fuelCost of fuel (Your car gets 20 mph - cost of fuel is $1.60/gallon)(Your car gets 20 mph - cost of fuel is $1.60/gallon)
    • Conserving Virginia’s Natural ResourcesConserving Virginia’s Natural Resources T – 10.35 Topic 4 Lesson 1 When operating your vehicleWhen operating your vehicle Accelerate smoothly. Drive at moderate speeds. Avoid unnecessary braking and try to anticipate the traffic ahead. Avoid excessive idling. Join a car pool for commuting to and from school or work. Keep your vehicle in good working order. Recycle old oil and fluids. Recycle old vehicle parts.
    • Conserving Virginia’s Natural ResourcesConserving Virginia’s Natural Resources T – 10.35a Topic 4 Lesson 1 Disposal of Vehicle Parts and FluidsDisposal of Vehicle Parts and Fluids Hazardous substances need to be disposed of in the proper manner -- not just dumped onto the ground or poured down the drain. OLDOLD OilOil take items to the nearest hazard waste collection center or other appropriate collection location such as an automotive repair shop; or contact your local health department to find an appropriate drop-off location.
    • Conserving Virginia’s Natural ResourcesConserving Virginia’s Natural Resources T – 10.35b Topic 4 Lesson 1 call your local recycling center, service station, sanitation center, or local health department to review proper recycling procedures read all labels carefully to ensure you are using the correct container monitor and fix automotive fluid leaks to prevent spills, use a funnel for pouring automotive fluids whenever possible, avoid leaving leftover liquids in the container catch any drained fluid and store in a container, or a well-sealed and labeled plastic jug never discard used automotive fluid in sinks, storm drains, the garbage, or on the ground store automotive fluids separately — NEVER mix them together Tips for handling toxicTips for handling toxic substancessubstances