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. After you have finished, choose another category. 1. If you get into an accident with the car you are leasing, GAP insurance will… a. Pay to have the major damage to your car fixed b. Pay the difference between the actual cash value of the vehicle and the current outstanding balance on your loan or lease c. Cover the entire cost of fixing your car d. Be completely useless because it has nothing to do with cars 2. What will your insurance premiums do if you marry someone with a poor driving record? a. They will stay the same because you are not the one with the poor record b. Your premiums will go down because you are getting married c. An increase will occur because our insurance will cover you, your spouse, and any other family member listed on your policy d. You will probably lose your insurance 3. Which of these would NOT be a method for getting cheaper insurance for your 16 year-old child? a. Letting them drive your fastest, most expensive car b. Adding them to your insurance policy instead of getting them their own policy c. Asking your insurance company for discounts like good-student or safe-driver d. Buying them an economy car 4. How can you lower your insurance premiums? a. Raise your deductible for physical damage b. See if you qualify for any of the premium discounts c. Delete Comprehensive and Collision d. All of the above will lower your premiums 5. What is the Kelley Blue Book used for? a. Locating an insurance agent in listed cities b. Finding definitions of insurance related vocabulary c. Connecting generations of Kelley's from Ireland d. Determining the trade-in or private sale value of a used car 6. Where should you go for objective information on how much coverage you need? a. Family member b. Insurance company c. Psychic d. State insurance commissioner 7. Grouping people together who present a similar risk and assessing that risk is called... a. Stereo-typing b. Underwriting c. Teaming d. Classifying 8. When insurance shopping, which of the following pieces of information will not be required to get a price quote? a. Description of your vehicle b. Number of drivers in your household c. Why you bought the car d. Your driver's license number 9. How is the "actual cash value" of your vehicle determined? a. By comparing your vehicle's condition to similar vehicles b. Drawing a number out of a hat c. Looking it up in the Actual Cash Value book d. Whatever you say it is 10. What is liability insurance? a. Insurance that will pay for any damage to your car, should you get into an accident b. Coverage that the insurance companies require you to have if you own a car c. Insurance that will pay for any damage to the other person's car when you are in an accident d. An insurance policy that only covers accidents on gravel roads 11. All but one of these things will cause your insurance to rise: a. Renewing your policy b. Applying for a new policy c. Involved in an accident or traffic violation d. Talking on a cell phone while driving 12. What is used to determine your insurance premium? a. Where you live b. The kind of car you drive c. The level of coverage you want d. All the above, and more Back To Top Choose Another Category