Kentucky High School Financial Planning Home Page
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Message from Flashman: This is a continuation of last weeks update, with suggestions related to buying and owning a used vehicle. This week we deal with vehicle insurance.
Two of the most well written sources of information on auto insurance and rate
comparisons of companies around Kentucky are published by the Kentucky Department
of Insurance: Auto and Home Insurance Rate Comparisons and Consumer
Guide to Auto and Home Insurance. (Teachers: You can
request copies of these two publications for your students from your local Cooperative Extension Service office.) Using these two resources as well as helpful websites such as consumereports.org can help you find the lowest insurance available in your area. The Consumer Reports electronic website ranks InsWeb.com the best electronic website in their September report.
Suggested Activity for Teachers:
Student Group Take-Home Activity:
Prices for car insurance vary greatly, sometimes by as much as $2000 for the same coverage. As a group, research what car insurance company has the best rates for each of you and your families; begin by using the Kentucky Department of Insurance publication, Auto and Home Insurance Rate Comparisons. Also find insurance quotes from some of the car insurance Web sites. Discuss why your quotes are similar or different. Use the work sheet on page 79 of your Student Guide to record your information. Be ready to share your findings at the next class meeting.
Website Picks of the Week:
This site provides insurance quotes, as well as an Auto Insurance Analyzer that can help you determine how much and what kind of coverage you need.
Kentucky High School Financial Planning Program
The purpose of this Web site is to assist county extension agents, credit union educators, and high school teachers in improving the economic well-being of our constituency, beginning with todays students; and also, to assist teachers in Kentucky in meeting KERAs goal that all students become technologically literate. Weekly Updates are provided by the University of Kentucky Cooperative Extension Service, and are free to all educators.