What is car insurance? a. A contract between you and an insurance company to protect against financial loss in case of accident. b. Something you pay to the car dealer to keep the vehicle.
a. A contract between you and an insurance company to protect against financial loss in case of accident.
What is the term for the amount you pay monthly, quarterly, or annually for insurance coverage? a. insurance payment b. premium
b. premium
It is the amount you pay out-of-pocket before insurance kicks in. a. deductible b. insurance cost
a. deductible
True or False. A higher deductible usually results in a lower premium.
True
True or False. Red cars cost more to insure
False. Insurance rates are based on the car's make, model, and safety features, not its color.
What age group pays the highest car insurance rates? a.drivers under 25 b. drivers over 40
a.drivers under 25
On average, how many car accidents occur in the U.S each year? a. under 6 million b. over 6 million
b. over 6 million
