Insurance Premiums and Coverage Quiz

What are some factors that can affect insurance premiums?

• zodiac sign, favorite movie, pet's name

• age, gender, location, driving record, type of vehicle, coverage limits, deductible amount, and credit score

• hair color, favorite food, shoe size

• marital status, occupation, number of dependents

What are the different types of insurance coverage available for teenagers?

• home insurance, renters insurance, and pet insurance

• auto insurance, health insurance, and life insurance

• property insurance, liability insurance, and umbrella insurance

• travel insurance, dental insurance, and disability insurance

How can insurance rates for teenage drivers be compared?

• Choose the insurance company with the longest company history.

• Compare the color of the insurance company's logo.

• Obtain quotes from different insurance companies and compare the premiums, coverage options, and discounts offered.

• Ask friends and family for their recommendations and choose the insurance company they use.

What are some tips for reducing insurance costs for young drivers?

• Maintain a clean driving record, take a defensive driving course, choose a safe and reliable car, add a named driver with a good driving history, and compare insurance quotes.

• Don't bother comparing insurance quotes

• Choose a high-performance sports car

• Drive recklessly and get multiple traffic violations

How can good grades help in reducing insurance premiums?

• Good grades have no impact on insurance premiums.

• Insurance premiums are determined solely by driving history and age.

• Good grades can lead to discounts on insurance premiums.

• Insurance premiums are not affected by academic performance.

True or False: Age is a factor that affects insurance premiums.

• False

• Age has no impact on insurance premiums

• True

• Insurance premiums are only based on income

True or False: Comprehensive insurance coverage is not available for teenagers.

• False

• True

• Partially true

• Not enough information

True or False: Comparing insurance rates from different companies is not necessary.

• Not always

• False

• Sometimes

• True

True or False: Installing safety devices in a car can help reduce insurance costs.

• Installing safety devices has no effect on insurance costs

• True

• Insurance costs are not related to safety devices

• False

True or False: Good grades can only help in reducing insurance premiums for college students.

• Good grades can increase insurance premiums

• False

• True

• Good grades have no impact on insurance premiums