How Much Do People Pay for Car Insurance?

Overview:

In this lesson, students read the Knowledge@Wharton High School article, “Driver Alert: Car Insurance Will Cost You,” and look at data from the Insurance Information Institute (III) about national insurance rates. Students learn about the components and types of car insurance (i.e. liability, comprehensive and collision). They are asked to interpret and analyze car insurance by state and represent data through bar graphs and box plots. If computers with Excel are available, students learn to make bar graphs and sort data in Excel.

NBEA Standard(s):
  • Computation, II. Number Relationships and Operations
  • Computation, III. Patterns, Functions, and Algebra
  • Computation, V. Statistics and Probability

Lesson Plan Details:

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