Business and Personal Finance
Research Project: Insuring an Economy Car
Your goal is to research what it would cost to insure an economy car.
- When you are done with the assignment, submit both documents in Google Classroom.
- Create a document in Google Drive, and title it D1: Last, First: Car Insurance. Use this document to record information that pertains to your research project. A few examples:
- Websites that contain current, factual information to back up your numbers.
- As you find web resources, record them in this document. Here's a tutorial to teach you how.
- Part One: What is an economy car?
- Here are a few resources to get you started:
- Search the websites of nearby Car Rental Agencies such as Enterprise, Hertz, or Avis. It must be located in a town adjacent to the Town of Easton.
- Record the name and location of the rental agency in your Google document.
- Find the lowest price rental rate. It should be about $60/day.
- List four economy cars that are available at this rate. Include the following:
- Choose the car that you like best (or dislike the least), and find out the MSRP (Manufacturer's Suggested Retail Price) for the base model of that vehicle.
- Decide which car you like best, and be ready to persuade the class that it's the best economy car for the money. We will have a class discussion on this topic, and then we will vote on the best option. Non-economy cars will be disqualified.
- Create a spreadsheet in Google Drive, and title it Insuring an Economy Car.
- You will record numbers and statistics from your research findings in this spreadsheet.
And the winner is....
- Preliminary research questions:
- Who sells automobile insurance in Massachusetts? Provide a list of insurance companies.
- What is mandatory insurance?
- Does everybody carry mandatory insurance? If not, what percentage of drivers don't carry mandatory insurance?
- What is required in a Massachusetts mandatory insurance policy?
- What factors influence how much each person pays for insurance?
- Here are a few web resources to get you started: