INSURING MY FUTURE
Take the Test
  1. What coverage protects your vehicle from a hit-and-run incident?
       Property Damage
       Uninsured/Underinsured Motorist
       Comprehensive
       Collision
  2. What amount of coverage do you have provided from your auto policy for your CDs and IPOD?
       $500
       The amount it costs to replace them.
       The amount you paid for those items.
       Nothing, they are not covered.
  3. If your friend Amanda wrecks your car and it's her fault, whose insurance pays the claim?
       Amanda's insurance
       Amanda doesn't have insurance, so it's covered under my policy
       My insurance
       You're still living at home so it's covered under your parent's policy
  4. What is the most expensive color of a car to insure?
       Metallic Finish
       Yellow
       Ferrari Red
       Color does not factor into rates
  5. If you rent a car while on vacation do you need to purchase the insurance from the rental car company?
       Yes, because you need at least purchase the "Loss of Use" or "Loss of Rental Income" coverage.
       Yes, because your current policy does not extend to other vehicles or a rental car.
       No, because you have full coverage on my current policy and those coverages extend to any vehicle you drive.
       No, because you don't get into accidents and if you do get into an accident it would most likely be the other drivers fault and his insurance would cover the damages.
  6. What effect will it have if you haven't been listed on any insurance policy because you've been away at school, didn't have a vehicle, and therefore didn't think you needed insurance?
       No effect, because I didn't have a vehicle to drive so shouldn't have to pay for a vehicle I didn't have.
       No effect, because I would have been covered by my parents policy even though I wasn't listed on their policy.
       A negative effect, because I have a valid drivers license and need to be rated on a policy even though I don't have a vehicle.
       A positive effect, because I was a student without a vehicle and therefore not penalized for not having insurance.
  7. What coverage applies if you hit a deer?
       Comprehensive
       Collision
       Property Damage
       Uninsured Motorist
  8. Should you have an auto insurance policy if you have a drivers license, don't drive a vehicle to work, use a mass transit system (bus, ride share, or train), and don't own any vehicles?
       No, because you would have no need for the insurance.
       No, because you'd always be covered under another persons policy if you were driving their vehicle.
       No, because I have a company car provided to me that would always cover me as a driver.
       Yes, because you are a licensed driver, may not be automatically covered if driving other vehicles, would need coverage for a rental vehicle, and may be penalized in the future for not having insurance while being licensed.
  9. If you are listed on your parents policy as a driver but not the policy holder, and you rent a car do you need to purchase insurance offered from the rental car company?
       Yes, because you need at least purchase the "Loss of Use" or "Loss of Rental Income" coverage.
       Yes, because you are only listed as a driver, not the policy holder on your parents' policy, and therefore need to purchase full coverage for the rental car.
       No, because I have full coverage on my parents policy and those coverages extend to any vehicle I drive.
       No, because I don’t get into accidents and if I do get into an accident it would most likely be the other drivers fault and his insurance would cover the damages.
  10. Should you assume that if you have insurance directly with an insurance company that your rate is better than using an independent agent?
       Yes, because you've cut out the middle man.
       Yes, because companies always prefer you go through them directly.
       No, because making assumptions are not good things to do.
       No, because some companies actually give preferred rates to independent agents or guarantee the rates to be the same as their agents who offer.

Please contact an independent agent for more detailed information on specific insurance coverages.