Are you smart about Auto Insurance?
Use this simple quiz to test your Auto Insurance IQ. Choose your answers carefully, then use the form at the bottom of the page to get your results.
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1.
What is uninsured motorist bodily injury coverage?
a.
Insurance that covers a vehicle from collision-free damages such as theft, vandalism, or fire.
b.
Liability coverage that pays you and your household members for bodily injury caused by an uninsured motorist.
c.
Coverage that protects against one vehicle running into or being struck by another vehicle.
d.
When a body isn’t sure if their motorist has covered their injuries.
2.
How is a vehicle’s value established?
a.
By asking your insurance agent what the value is, writing down what you think its value is, and then dividing the sum by two.
b.
By taking the original price paid for the car and deducting $400 for every year the car has been owned.
c.
By using sources such as the Blue Book value and dealer quotes, as well as comparing similar vehicles available in the market.
d.
Taking it to a dealership to get it appraised.
3.
Does property damage coverage include fixing my vehicle if the other driver is at fault and uninsured?
a.
No. Property damage only covers damage you may cause to the vehicles or property of others.
b.
No. There is absolutely nothing that can be done when a collision takes place with an uninsured motorist.
c.
Yes. The purpose of property damage coverage is to fix your vehicle if the other driver is at fault and has no insurance.
d.
No. Property damage coverage protects you when you cause damage to your own car, such as driving into a street lamp.
4.
How much is your insurance company required to pay you if your car is damaged?
a.
The amount necessary to purchase a new car of the same make and model.
b.
The amount necessary to return the car to the same condition it was in just prior to the damage.
c.
The amount necessary to purchase a new car of your choosing.
d.
The amount necessary to make the car like new.
5.
If you don’t understand all of the terms in your auto insurance policy, what should you do?
a.
Contact your insurance agent, who is responsible for servicing your policy.
b.
Wait until you need to file a claim to contact anyone.
c.
Contact your state’s department of insurance.
d.
Both A and C.
6.
Companies charge different rates for different geographical areas — True or false?
True
False
7.
If you purchase personal injury protection coverage, what does it cover?
a.
Medical payments.
b.
Lost wages.
c.
Death benefits.
d.
Any or all of the above, depending on your policy.
8.
You are in a car accident and the damages will cost $800. If you have a $200 deductible, how much does your insurance pay?
a.
You pay $200, and your insurance company pays $600.
b.
You pay $400, and your insurance company pays $400.
c.
You pay nothing, and your insurance company pays $800.
d.
You pay $600, and your insurance company pays $200.
9.
Will your policy provide coverage if a relative from out of town drives your car and has an accident?
a.
No. Only the primary driver of the vehicle, as listed in the insurance policy, is covered.
b.
Yes. Any driver who operates the vehicle is covered.
c.
Yes. Anyone who drives the vehicle with your permission will be covered as long as that person is not specifically excluded.
d.
The policy will provide coverage for relatives who live in town, but will not cover anyone outside your geographic area.
10.
What is comprehensive coverage?
a.
Coverage that insures you against damage such as theft, wind, hail, falling objects, or vandalism, but does not cover collision.
b.
Coverage that crosses all boundaries, including: race, nation, form of accident, person who suffered the accident, etc.
c.
A scam brought to light in the southwest United States during 1974.
d.
Coverage that insures you against everything including collisions, wind damage, falling objects, vandalism, and smashed in glass.
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