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Transportation Review

Total questions: 26

Worksheet time: 15mins

Name
Class
Date
1.

Which type of insurance protects you from other drivers who don't have enough or any coverage?

a)

Full Coverage

b)

Personal Injury

c)

Liability

d)

Uninsured/Underinsured Motorist

2.

We want loans with a _____________ APR.

a)

higher

b)

lower

3.

Negotiating the price is not okay when purchasing a car.

a)

true

b)

false

4.

Which claim does comprehensive insurance cover?

a)

Hail Damage

b)

Hitting a Deer

c)

Theft

d)

Hitting another vehicle

5.

Dealerships have _________ interest rates than Credit Unions and Banks.

a)

higher

b)

lower

6.

A used car loan should be ____ months.

a)

24

b)

36

c)

48

d)

60

7.

Which form of insurance must be carried by drivers due to the law?

a)

Full Coverage

b)

Uninsured/Underinsured Motorist

c)

Liability

d)

Personal Injury Protection

8.

The time period for an auto loan is expressed in ________.

a)

years

b)

months

c)

days

9.

Which of the following affects how much you will pay for auto insurance?

a)

Car Make & Model

b)

Car Year

c)

Car Color

d)

Car Safety Features

10.

The longer the loan term, the ___________ the total payment.

a)

higher

b)

lower

c)

total is not affected

11.

Which of the following are car maintenance tasks that MOST car owners can easily perform themselves?

a)

changing windshield wipers

b)

checking oil level

c)

changing transmission fluid

d)

changing headlight bulbs

12.

40/100/80 In this liability insurance limit, what does the number 40 represent and mean?

a)

$40,000 for property damage

b)

$40,000 per person injury

c)

$40,000 for accident injuries

13.

40/100/80 In this liability insurance limit, what does the number 100 represent and mean?

a)

$100,000 for property damage

b)

$100,000 per person injury

c)

$100,000 for accident injuries

14.

40/100/80 In this liability insurance limit, what does the number 80 represent and mean?

a)

$80,000 for property damage

b)

$80,000 per person injury

c)

$80,000 for accident injuries

15.

What percentage of monthly net income should be set aside for transportation needs?

a)

10%

b)

20%

c)

30%

d)

40%

16.

In an auto insurance policy, the _________ is the monthly fee to be covered.

a)

policy

b)

premium

c)

deductible

17.

In an auto insurance policy, the __________ is the amount of money you must pay toward fixing your car before insurance will cover the rest.

a)

policy

b)

premium

c)

deductible

18.

Term for "renting" a new car by making monthly payments, then giving the car back at the end.

a)

loaning

b)

leasing

c)

testing

d)

borrowing

19.

A person who guarantees a loan for the borrower and must pay it if the borrower doesn't.

a)

policyholder

b)

tenant

c)

cosigner

d)

agent

20.

What costs for transportation should you consider?

a)

loan/lease payments

b)

insurance costs

c)

license and registration

d)

fuel

21.

The best way to save money on auto insurance is to ________________.

a)

shop around to compare prices

b)

get good grades

c)

be a female

d)

take a defensive driving course

22.

It is a good idea to make a decision about a car purchase while at the dealership.

a)

true

b)

false

23.

Which is the smartest way to pay for a vehicle?

a)

loan

b)

lease

c)

cash

d)

credit card

24.

Purchasing cheaper insurance means:

a)

more coverage

b)

higher principal

c)

less coverage

d)

lower principal

25.

When tightening bolts after changing a tire, go in a ___________ pattern.

a)

clockwise

b)

counter-clockwise

c)

star

d)

any of the above

26.

_________________ insurance covers medical and hospital bills and sometimes funeral expenses.

a)

Liability

b)

Personal Injury Protection

c)

Uninsured/Underinsured Motorist

d)

Full Coverage