Auto and Insurance Test

getting traffic tickets will lower your insurance premium

• true

• false

Answer explanation

you want lower premiums (you pay less a month). so, any ticket you get (even just a speeding ticket) will raise your premiums!

who pays more for insurance?

• guys

• girls

an umbrella policy

• protects you from the rain

• does not provide any additional liability protection

• provides additional liability protection than the policy states

• is strictly for auto insurance

increasing your deductible

• increases your premium

• lowers your premium

• doesn't affect your premium

Answer explanation

a deductible is how much you pay out of pocket before the insurance company takes over. so, the less you pay out of pocket, the higher your premium will be. the more you pay out of pocket, the lower your premium will be.

if you are hit by a hit and run driver, what insurance will you receive payments from

• uninsured or no-fault insurance

• auto insurance

• motorist insurance

insurance that covers damages to your car that are NOT caused by a collision is called

• collision insurane

• comprehensive insurance

• auto insurance

the only type of life insurance that does NOT have cash value is

• whole life insurance

• universal life insurance

• term life

the fee you pay when you get the car (in a lease)

• disposition fee

• acquisition fee

the fee you pay when you give the car back (in a lease)

• disposition fee

• acquisition fee

if you are involved in a collision that you are at fault for, what insurance will cover the damage to the other vehicles?

• bodily injury coverage

• property damage liability coverage

• comprehensive coverage

• collision coverage