What’s your auto insurance IQ?

The National Association of Insurance Commissioners (NAIC) has created the Insure U–Get Smart About Insurance program to help consumers make educated decisions. Test your insurance knowledge by taking the following insurance quiz.

At this stage of your life, you might be considering buying your first car. Which of the following aspects of your vehicle does NOT affect your auto insurance premiums?
1. Make and model of the vehicle; whether it is an SUV, convertible or an economy car, etc.
2. “Theft-ability Factor”: Whether the vehicle your are considering is prone to theft more than the others.
3. Safety devices installed in the vehicle.
4. Fuel efficiency of the vehicle.
Which of the following could cause your premiums to increase?
1. Moving to a big, expensive city for further studies, new job, or other reasons.
2. Taking a defensive driving course, since that indicates that you are not a seasoned driver.
3. Both of the above could increase your premiums.
Your grades in school may influence the amount of premium you pay.
1. True
2. False
Using your vehicle only for weekly recreation, but not for a daily commute to work, can help your premiums.
1. True
2. False
If you can’t afford to pay your premiums on time, you can always get the insurance company to give you extra time.
1. True
2. False
Your credit history has no bearing on the amount of premiums you pay.
1. True
2. False

Answers:
1. d 2. a 3. a (true) 4. a (true) 5. b (false) 6. b (false)

The terms and conditions of your coverage are exclusively controlled by your written policy. Please refer to your policy for details.
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