Title: QUIZ: Car Insurance 101: (1/2): Coverage and Cost Basics -- Personal Finance Conversations
Course: Andria Testing FRE2 > Section: Car Insurance 101: (1/2): Coverage and Cost Basics -- Personal Finance Conversations

Q: Which of the following is/are used to determine the price of insurance?
- Credit score
- Place of residence
- Age and gender
- All of the above
A: All of the above

Q: What is the best way to describe a deductible?
- The amount you deduct from your policy premium payment.
- The amount you can legally deduct from your taxes.
- The amount by which your insurance premiums are reduced as you get older. 
- The amount by which your claim payment is reduced before the company pays. 
A: The amount by which your claim payment is reduced before the company pays. 

Q: If an auto insurance policy coverage is listen as 50/100/50, what is the most the company would pay in total for bodily injury in a single accident?
- $50,000
- $100,000
- $150,000 
- $200,000
A: $100,000

Q: True or False: Subject to a policy limit, medical payments coverage will pay your medical expenses or those of anyone else in your car.
- True
- False
A: True

Q: What does the term ‘liable’ mean?
- Ethical
- Responsible
- Moral
- Probable
A: Responsible

Q: Which of the following statements is true?
- Young women pay more for insurance than young men.
- Drivers under age 25 have fewer accidents and tickets than older drivers. 
- You can be responsible for the cost of an accident even if you are not the one driving your car.
- There are very few dollar amount options for auto insurance coverage.
A: You can be responsible for the cost of an accident even if you are not the one driving your car.

Q: True or False: In an at-fault accident, if the total cost of injuries is more than the policy coverage amount, the at-fault driver must somehow pay the remaining balance.
- True
- False
A: True