Personal Finance 2: Auto Insurance Quiz
Miguel has a deductible of $500 and a coverage limit of $50,000 for Bodily Injury liability. He causes an accident and the other driver's medical bills total to exactly $52,300. How much will Miguel pay in TOTAL?
$2,800
Anna was texting while driving and got into an accident. The repairs for the damage cost $5,000. If she has a deductible of $1,500, how much is the auto insurance company going to cover?
$3,500
If there was a flood that caused damage to your car, what kind of coverage must you have in order for the insurance company to help cover the cost of repairs?
Comprehensive Coverage
Which of the following types of insurance are you required to carry in almost every state (49 of 50)?
Coverage for when you cause damage to someone else or their property
All of the following characteristics would head to a HIGHER than average insurance premium EXCEPT...
Experienced driver with a good driving record
Each of the following types of auto insurance will cover YOUR medical bills if you are in a car accident involving other drivers, EXCEPT...
Liability Coverage
What is the FIRST step you should take after a car accident?
Move to a safe area if possible
If you get into an accident without having auto insurance and you are at-fault, what can happen?
You may have to pay out-of-pocket for auto repair and possible medical bills for the person you hit.
Which of the following factors can impact your monthly auto insurance premium?
Your age, driving record, and annual mileage
Complete the sentence: If you have auto insurance and someone else is driving your car with your permission,...
you can be held responsible for any accidents that they cause.