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Section 1: Operating Costs (Monthly)



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Section 1: Operating Costs (Monthly)
Directions

With the number of online car insurance shoppers rising each month, CarInsurance.com offers this tool to show auto insurance premiums and customer rate trends. It is necessary to shop regularly because the same rate last year is not the same rate this year. Insurance companies regularly file new rates and shoppers are able to compare them at many different websites. CPI is a great tool to help you see the national average, along with state by state comparisons of average auto insurance premiums. Visit the following website @ http://www.carinsurance.com/Premium-Index.aspx and find the following information.


National Car Insurance Premiums Data for the Past 12 Months


  1. In what month was the highest national average of car insurance premiums? __________________

  2. In what month was the lowest national average of car insurance premiums? __________________

  3. What is the national average of car insurance premiums for January? ___________________

  4. What is the national average trend of car insurance premiums over the last 12 months?

__________________________________________________________________________________________________________________________________________________
Pennsylvania Insurance Rates


  1. During what month was the cost for PA car insurance rates the highest?

How much was the average cost in dollars for that month?




  1. What was the most recent month’s average cost for premiums in PA?

How much of percentage change was this from the previous month?




  1. What is the average insurance cost in Newtown, PA (zip 18940)?

    What is the average insurance cost in Philadelphia, PA (zip 19133)?

    What is the average insurance cost in Bellefonte, PA (zip 16823)?


What factors might account for the difference in premiums in these areas? ____________________________________________________________________________________________________________________________________________________________


Section 2 - Directions: Use this form to estimate how much it will cost you to keep your vehicle on the road. Check with your parents and repair shops for estimates of items marked with an asterisk (*).
Maintenance

The average person drives their car 15,000 miles per year. Use this number to estimate maintenance expenses. Check with your parents and/or repair shops websites for estimates.


EXPENSES (Monthly Operating Costs) MONTHLY COSTS

Oil Change and lubrication (every 3,000 miles or 5 times per year)* $


Tire Rotation (every 5,000 miles or 3 times per year)* $

Tune-Up (every 30,000 miles or ½ times per year)* $


Total Yearly Maintenance Costs $
Total Monthly Maintenance $

Gas & Insurance & Car Payment

Monthly gas (From “Vehicle Comparison Shopping” worksheet) $


Monthly insurance (From “Section 1-Question 5 ) $
Monthly car payment (From the “Financing a Car Loan Worksheet) $

Total Monthly Operating Expenses (add all boxed items) $





Don’t Forget that These Costs are calculated on a Monthly Basis!


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