Financial Literacy Chapters 9-2 and 15-1

Buyers can trace accidents and repairs with the VIN of a vehicle.

Your insurance premium might be higher if

Before buying a used car, you can learn which makes/models have the fewest service problems 

When negotiating with a dealer for a new car, 

coverage that pays up to fair market value for your vehicle if you are at fault

coverage that pays for repairs to other's property 

If you want to lower your premium, you should lower your deductible.

Which is a necessary step when considering whether to buy a particular used car?

A new car will hold it's value for a long time.

coverage that pays to replace income when the policy holder is injured and cannot work

Medical Pay Coverage would cover med. bills if you were hit by a car while crossing the street.

Tire pressure affects your car's fuel efficiency.

If you are in a car accident, you only call the police if there is a lot of damage or injuries.

A "no fault state" means that the blame is not put on anyone when there is an accident.

You will pay higher insurance premiums if you

Generally speaking, a car dealer does not want you to know the sticker price.

Make sure the VIN number of on a used car matches the VIN number on the title.

If you have a new car, you might want to reconsider carrying comprehensive coverage.

items not covered by automobile insurance

Automobile Insurance is regulated on the state level.