Auto Insurance Insights Quiz

Which of the following factors is NOT typically used by auto insurance companies to determine your premiums?

• Your marital status

• Your age

• Your favorite color

• Your financial history

What is one way to potentially lower your car insurance premium?

• Driving more miles annually

• Ignoring safety features

• Increasing your deductible

• Purchasing a more expensive car

Why might someone choose liability-only coverage?

• They drive frequently at night

• Their car is older and less valuable

• They have a brand new car

• They want maximum coverage

What is a benefit of bundling multiple insurance policies with the same company?

• Higher premiums

• Increased risk

• Discounts on premiums

• More complex billing

How can taking a defensive driving class affect your insurance premiums?

• It can increase your premiums

• It has no effect on premiums

• It can provide a discount on premiums

• It can lead to policy cancellation

What is a potential downside of usage-based insurance programs?

• They always increase premiums

• They are illegal in most states

• They require no technology

• They may invade privacy

What concern is associated with telematics and data sharing in auto insurance?

• No impact on insurance rates

• Increased premiums for all drivers

• Lack of data for insurance companies

• Privacy invasion and data misuse

What is a recommended action when shopping for auto insurance?

• Only use comparison websites

• Contact insurance companies directly

• Avoid speaking to insurance agents

• Ignore local insurance options

Why is it important to review your auto insurance policy regularly?

• Insurance policies never change

• Life changes can affect your premiums

• It guarantees lower premiums

• It is required by law

What should you do if your life situation changes, like moving to a new state or getting married?

• Ignore your insurance policy

• Review and adjust your insurance policy

• Cancel your insurance policy

• Switch to the minimum coverage