A car insurance policy can consist of multiple parts, each paying for a different type of problem. If you don’t understand all the parts, you might not know what your current policy covers. And that sets you up for a bad surprise if you’re in a car accident.
To help identify your knowledge gaps, see if you can answer these 10 questions correctly:
1. Let’s say you’re driving down a road one night when suddenly a deer appears, and you hit it. What type of insurance pays for the repairs to your car?
- Gap insurance
- Comprehensive insurance
- Hit-and-run insurance
2. Word scramble! This kind of car insurance pays for the damage you do to others:BILAYLITI
3. If you were in a car accident yesterday, can you buy insurance for it today?
- Yes
- No
- Maybe, depending on local laws
4. What’s the name of the insurance that pays your medical bills if someone crashes into you and they don’t have auto insurance?
- Gap insurance
- Collision insurance
- Uninsured motorist coverage
5. Which one of these is never a factor in car insurance rates?
- Where you went to college
- Your religion
- Your credit
- Whether you own a home
6. Insurance has a lot of acronyms. Maybe too many. What’s PIP?
- Personal injury protection
- Private insurance for passengers
- Property insurance penalty
7. Could you be the insurance policyholder for your mother’s car?
- Yes
- No
8. Imagine your car slides on ice, hits a tree and has substantial front damage. What type of car insurance pays for repairs?
- Collision insurance
- Roadside assistance coverage
- Comprehensive insurance
9. Fill in the blanks with the correct word choices: If you drive your friend’s car and crash it, (1) insurance will be tapped first to pay for damages and he will be (2).
- Your/His
- Happy/Mad
10. Last one. How about a little Hangman: If you have an unresolved complaint about your car insurance company, who should you call?
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