8.2 Auto Insurance Answer Key Jun 2026

: Zip codes with higher theft rates result in higher premiums. 5. Summary Answer Key

saves you money on premiums but costs more out-of-pocket during a claim. Vehicle Value a car is worth, the it costs to insure. 8.2 auto insurance answer key

| Term | Correct Definition (Answer Key) | | :--- | :--- | | | Covers injuries or damage you cause to other people or their property. (It does not cover you.) | | Collision Coverage | Pays for damage to your car resulting from a crash with another car or object (like a tree or pole). | | Comprehensive Coverage | Covers damage to your car from non-collision events (theft, fire, vandalism, hail, hitting a deer). | | Deductible | The amount of money you pay out of pocket before the insurance company pays the rest. | | Premium | The monthly or annual amount you pay to keep the insurance policy active. | | Uninsured Motorist | Covers your injuries if a driver without insurance hits you. | | Medical Payments (MedPay) | Covers medical bills for you and your passengers, regardless of who caused the accident. | | Exclusion | Specific situations or drivers not covered by the policy (e.g., using your car for delivery jobs). | : Zip codes with higher theft rates result

You pay the deductible; insurance pays the rest of the repair cost. Comprehensive Usually covered under comprehensive, not collision. You hit a light pole (single-car accident). Vehicle Value a car is worth, the it costs to insure

Students completing the 8.2 packet are expected to master several core financial concepts: