Car Insurance: Are You Covered?

Question 1/10
1. What does collision insurance cover?(Required)
- 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.
Question 2/10
2. Comprehensive coverage pays for which of the following:(Required)
- A. Medical bills incurred as the result of an accident.
- B. Damage to your vehicle due to an incident other than an accident.
- C. Policy deductible in the event of an at-fault accident.
- D. Damage to immovable objects that wander into the path of your vehicle.
Question 3/10
3. What is a “deductible” on your auto or health insurance policy?(Required)
- 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 out-of-pocket before insurance coverage begins.
Question 4/10
4. Which statement is true regarding state-by-state insurance requirements?(Required)
- 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.
Question 5/10
5. What is “gap” insurance for a car?(Required)
- 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.
Question 6/10
6. Which of the following may entitle you to a discount on your car insurance?(Required)
- A. Good grades
- B. Taking a defensive driving class or driver’s ed.
- C. Safety features and antitheft features on the car.
- D. All of these may entitle you to a discount.
Question 7/10
7. What elements of your insurance policy can you control or select?(Required)
- A. The level of liability coverage.
- B. Higher collision and comprehensive deductible amounts.
- C. Both
- D. Neither
Question 8/10
8. Who will likely pay the most for car insurance, assuming none of them have had any accidents?(Required)
- A. Twenty-two-year-old male driver.
- B. Thirty-three-year-old female driver.
- C. Twenty-nine-year-old female driver.
- D. Thirty-year-old male driver.
Question 9/10
9. Which factor has no impact on your car insurance rate?(Required)
- 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.
Question 10/10
10. Which car will likely be the most expensive to insure (same driver)?(Required)
- A. Midsize SUV.
- B. Family hauler.
- C. All-wheel-drive pickup truck.
- D. Sports car.

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