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1. What does collision insurance cover?

A. It covers damage to your car when the accident is your fault

B. It covers damage to someone else’s car if you are at fault

C. It covers all damages and medical costs if you are at fault

D. It covers damage to your car when you hit anything other than another car

Correct!

Wrong!

-

2. Comprehensive coverage pays for which of the following:

A. Damage to your vehicle due to an incident other than an accident

A. Damage to your vehicle due to an incident other than an accident

B. Damage to immovable objects that wander into the path of your vehicle

B. Damage to immovable objects that wander into the path of your vehicle

C. Medical bills incurred as the result of an accident

C. Medical bills incurred as the result of an accident

D. Policy deductible in the event of an at-fault accident

D. Policy deductible in the event of an at-fault accident

Correct!

Wrong!

-

3. What is a “deductible” on your auto or health insurance policy?

A. The amount of money that the insurance company will pay you before your rates increase

B. The minimum value of a claim

C. The maximum value of a claim

D. The amount of money that you must pay before insurance coverage begins

Correct!

Wrong!

-

4. Which statement is true regarding state by state insurance requirements?

A. Almost all states have minimum liability coverage requirements

B. Almost all states require both liability and collision coverage

C. About half of all states have minimum liability coverage requirements

D. About half of all states require both liability and collision coverage

Correct!

Wrong!

-

5. What is “gap” insurance for a car?

A. The insurance that covers your deductible in a car crash

B. The insurance that covers your medical bills if you don’t have health insurance

C. The insurance that covers the difference between the value of your car and the amount remaining on your car loan, so you don’t owe money on a car that has been totaled

D. The insurance that protects you against excessive depreciation so you won’t lose money when you trade the car in

Correct!

Wrong!

-

6. Which of the following may entitle you to a discount on your car insurance?

A. Good grades

B. Taking a defensive driving class or driver’s ed

C. Safety features and anti-theft features on the car

D. All of these may entitle you to a discount

Correct!

Wrong!

-

7. What elements of your insurance premium can you control or select?

A. The level of liability coverage

B. Higher collision and comprehensive deductible amounts

C. Both

D. Neither

Correct!

Wrong!

-

8. Who will likely pay the most for car insurance, assuming none of them have had any accidents?

A. Twenty-nine-year-old female driver

A. Twenty-nine-year-old female driver

B. Thirty-three-year-old female driver

B. Thirty-three-year-old female driver

C. Twenty-two-year-old male driver

C. Twenty-two-year-old male driver

D. Thirty-year-old male driver

D. Thirty-year-old male driver

Correct!

Wrong!

-

9. Which factor has no impact on your car insurance rate?

A. Your driving record

B. Your age and gender

C. How much you drive your car and where you live

D. Your salary or earnings

Correct!

Wrong!

-

10. Which car will likely be the most expensive to insure (same driver)?

A. Sports car

A. Sports car

B. All-wheel-drive pickup truck

B. All-wheel-drive pickup truck

C. Family hauler

C. Family hauler

D. Midsize SUV

D. Midsize SUV

Correct!

Wrong!

-

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December 1, 2016

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