Category: Insurance

Question of the Day: What's the average value of property taken during burglaries?

|
Mar 03, 2020
|
Insurance, Question of the Day
Answer: $2,799 10 states with highest incidence of burglaries:  Questions: What do you think are the items of value most frequently taken during a burglary? How can you protect against the possibility of your home/apartment being robbed? If your home is robbed and you don't have insurance, how can you recover your losses?  Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom. Behind the numbers (FBI):  Offense Analysis, Number...

Question of the Day: How long will most driving violations affect your car insurance rates?

|
Feb 18, 2020
|
Question of the Day, Insurance
Answer:  Questions: What driving violations do you think are most common among teen drivers?  Why do you think that insurance companies increase the cost of auto insurance for those who have driving violations for so many years after the violation?  Does this seem fair to you? Explain.  Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom. Source: State of Insurance 2020 (The Zebra.com) For a detailed analysis of various...

Reading List for January 31-Feb 2

|
Jan 31, 2020
|
Personal Finance, Behavioral Finance, Budgeting, Paying for College, Taxes, Insurance
Happy Super Bowl Weekend!  In case you missed this week's FinCap Friday, Credit Crunch details how the FICO methodology will impact millions of consumers.  Personal Finance/Financial Literacy This article from the NY Times “Smarter Living” section got some attention this week in social media. “Does Personal Finance Still Work in our changing Economy?” contains a great discussion of the findings of the book The Financial Diaries (Rachel Schneider and Jonathan...

QoD: Guess the percentage of each age group that has their driver's license: 16 year olds? 17 year olds? 18 year olds?

|
Jan 22, 2020
|
Question of the Day, Insurance, Budgeting
Answer: 16 year olds: 25.6% 17 year olds: 49% 18 year olds: 60.9% Questions: When did you get your driver’s license OR when do you plan to get your license? What factors determined/will determine when you get your license? When it comes to auto insurance, do you think the cost of insuring a 16 year old is higher or lower then insuring an 18 year old? Explain your answer. What has been the overall trend in the percentage of teens with driver's licenses over the past 40-50 years? What...

QoD: What can save you the most when it comes to auto insurance: 1) Improving credit score 2) Driving a used car 3) Paying for policy in advance?

|
Jan 19, 2020
|
Question of the Day, Insurance, Research
Answer: Improve credit score by one tier can reduce auto insurance rates by 17% Questions: Why do you think that having a higher credit score (a measure of how you manage credit) would lower your car insurance rates?  Used cars also can help you save on your car insurance. Why do you think insurance companies give you a discount if you drive a used car?  If the average auto insurance policy is $1,502 (much higher for young adults), how much could you save (in $) if you raised your...

Interactive Monday: What's Your Stuff Worth? and Renter's Insurance

|
Jan 12, 2020
|
Interactive, Insurance
Hat tip to NGPF Fellow Jill Wilson and her students at Glenwood Springs High School in Colorado for sharing this interactive. It helps renters quickly get a sense for the value of what they own and the amount of renter's insurance they may need.  The interactive starts by having students walk through each room in their "apartment." They use a slider bar to indicate how spartan or extravagant their room while the interactive estimates the value of the "stuff" in the room. Here's the intro...

Best of 2019: Most Visited Unit Pages

|
Dec 30, 2019
|
Checking Accounts, Paying for College, Credit Cards, Credit Reports, Career, Investing, Insurance
 Our Unit Pages are the most visited pages on the NGPF website. Why? It provides teachers with all of the NGPF resources available on a given topic (unit) on ONE page. So, whether you are looking for 45 minute lessons or just individual resources to supplement your existing lesson, you can find them on the unit page.  Here were the unit pages that received the most page views: Checking Budgeting Taxes Types of Credit Investing Career Paying For College Saving Insurance  Managing...

Interactive Monday: Picking a health insurance plan

|
Dec 15, 2019
|
Insurance, Interactive
Thanks to NGPF Fellow Jill Wilson and her students from Glenwood Springs High School (CO) for sharing this health insurance interactive. They conducted this research as part of this NGPF project: Introducing Insurance - You Be The Teacher. In this Health Insurance Matchmaking Game, students will complete a series of questions with the interactive then recommending what health plan is best for them. For example, the first time I played I answered the questions as a young person might: I...

Chart of the Week: Who has health care insurance?

|
Nov 06, 2019
|
Chart of the Week, Insurance, Budgeting
Interesting interactive on Visual Capitalist highlights how Americans differ by age. The chart below shows how health insurance coverage changes based on age?  Questions: At what age are the most Americans have health insurance coverage? Why do you think this is the case?  At what age do the least Americans have health insurance coverage? Why do you think this age group doesn't have health insurance?  What do you think are the factors that impact whether or not someone chooses...

Visualization of the Week: How does your state compare on various economic factors?

|
Oct 15, 2019
|
Chart of the Week, Career, Employment, Insurance
Stumbled upon this visualization on the Census Bureau website which provides state level data on a variety of economic factors, including: Age (median) Commuting to work (mean travel time) Computer and internet access Education (percent of high school graduates) Employment status Health insurance coverage Household income Here's the map with commute times by state: Questions: Go through each of the economic factors listed for your state and list the data for your state (e.g., our state has a...

Reading List for October 4-6

|
Oct 04, 2019
|
Financial Literacy, Economics, Investing, Insurance, Paying for College, Retirement
Financial Literacy Perhaps we need to solve the innumeracy problem in the US in order to make any significant gains in Financial Literacy. (WAPO) Even if we are successful in requiring every high school student to take a personal finance class, what do we do about all of those past high school who need the same knowledge? Some suggest the responsibility fall to employers. (Pensions and Investments) Read all about NGPF's own Yanely Espinal! (MarketWatch)   Economics US manufacturing...

Reading List for September 27-29

|
Sep 27, 2019
|
Paying for College, Advocacy, Economics, Investing, Personal Finance, Insurance, Checking Accounts
Advocacy The Pennsylvania Senate passed a bill that would require students to take a semester-long personal finance class to graduate high school. The bill now moves to the House. The bill proposes that the credit for the class could be applied to social studies, math, business, or family and consumer science graduation requirements. (CBS-Pittsburgh) A survey from Country Financial found that 86% of Americans think financial education should be mandatory. (LowCards)   Economics There...

QoD: Which of the following tickets leads to the largest increase in auto insurance premiums: a) Speeding b) Driving under Influence (DUI) c) Not wearing seatbelt

|
Sep 25, 2019
|
Insurance, Question of the Day
Answer: 1) DUI ticket leads to a $1,086 increase in annual premiums 2) Speeding ticket increases premiums by $341 3) Not wearing seatbelt ticket increases premiums by $59  Questions:  Does information like this make you want to be a more cautious and careful driver? Why do you think that insurance companies raise premiums when drivers get any of these tickets?  Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom. Behind the...

Reading List for September 13-15

|
Sep 13, 2019
|
Current Events, Advocacy, Budgeting, Credit Cards, Investing, Insurance, Paying for College
Advocacy Many of you have seen this one, featuring a quote from BrianPage, but in case you missed it: (USA Today) "School probably didn't teach you much about money, here are 4 things you should know". A national survey by Experian of Gen Z found that 76% of them agree that a personal finance class should be offered in high school. (PRN Newswire) (CNBC) Michigan is considering legislation to allow practical math options to Algebra II, including personal finance. (thecentersquare)  ...

What's New With Insurance? (September 2019)

|
Sep 09, 2019
|
Insurance
Often the trickiest thing about insurance is knowing what type of insurance you need, and then figuring out how much and where to get it? A Morningstar article has some practical advice on these decisions, broken into categories of insurance. Here is some general advice offered up front:  When making insurance decisions, one of the best pieces of advice is to not insure yourself against risks you can afford to cover. For example, if you have ample savings, you're not going to be sunk if...