Yr 11 Standard Mathematics Car Insurance

Which of the following is not a type of car insurance?

• Third Party Property Insurance

• Compulsory Third Party Insurance

• Third Party Family Insurance

• Comprehensive Insurance

Compulsory Third Party Insurance covers you for financial liability when:

• you injure yourself

• you injure others

• other cars and property are damaged

• your car is stolen or damaged apart from a motor vehicle accident

Third Party Property Insurance covers you for financial liability when:

• you injure yourself

• you injure others

• other cars and property are damaged

• your car is stolen or damaged apart from a motor vehicle accident

Comprehensive Insurance covers you for financial liability when:

• you injure yourself

• you injure others

• other cars and property are damaged

• your car is stolen or damaged apart from a motor vehicle accident

The amount paid for insurance is the

• closing cost

• premium

• excess

• no-claim bonus

The amount you MUST pay out of pocket before insurance takes over is called the

• premium

• no-claim bonus

• term payment

• excess

You are required by law to have car insurance.  

• True
• False

Which of the following vehicles would most likely have the highest premium?

• economic 4-door sedan

• new sports car

• used mini-van

• used hybrid car

If your excess decreases, what happens to your premium?

• increases

• decreases

• has no effect

A stone hits your windshield. Which type of coverage would likely cover this expense?

• Third Party Property

• Compulsory Third Party

• Comprehensive

• None