State Farm Auto Insurance IQ Quiz

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  • 1/6 Questions

    Teen drivers with good grades in school may pay less for auto insurance than those with not-so-good grades

    • True
    • False
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About This Quiz

The State Farm Auto Insurance IQ Quiz assesses knowledge on teen driving risks, car theft statistics, insurance coverages, and cost factors. It is designed to educate on various aspects of auto insurance, enhancing understanding for safer and more informed decisions.

State Farm Auto Insurance IQ Quiz - Quiz

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  • 2. 

    No-fault coverage under a car insurance policy means:

    • The accident wasn’t my fault!

    • The other party will pay for all damages

    • Your insurance company will pay for reasonable medical treatment for injuries sustained as a result of an accident

    • No one pays for anything

    Correct Answer
    A. Your insurance company will pay for reasonable medical treatment for injuries sustained as a result of an accident
    Explanation
    No-fault coverage under a car insurance policy means that regardless of who is at fault in an accident, your insurance company will pay for reasonable medical treatment for injuries sustained as a result of the accident. This means that you don't have to prove fault or wait for the other party's insurance to cover your medical expenses. Instead, your own insurance company will take care of your medical bills up to a certain limit specified in the policy.

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  • 3. 

    In their first year on the road, how likely are teens to get into an accident, compared to adult drivers?

    • 5 times more likely

    • 10 times more likely

    • 20 times more likely

    Correct Answer
    A. 10 times more likely
    Explanation
    Teens are 10 times more likely to get into an accident in their first year on the road compared to adult drivers. This means that the risk of accidents for teenagers is significantly higher than that of adults. It suggests that teens may have less experience, maturity, and judgment when it comes to driving, which increases the likelihood of accidents occurring.

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  • 4. 

    The definition of an insurance deductible is:

    • The amount of money you pay when you make a claim

    • The balance between the cost of your claim and the amount of coverage your policy holds

    • The amount of money you get as a refund when you don’t make any claims on your policy

    • The part of a covered loss that you have agreed to pay with your own money

    Correct Answer
    A. The part of a covered loss that you have agreed to pay with your own money
    Explanation
    An insurance deductible refers to the portion of a covered loss that an individual has agreed to pay using their own funds. This means that when a claim is made, the policyholder is responsible for paying a certain amount before the insurance company covers the remaining cost. The deductible acts as a form of self-insurance, where the policyholder assumes some financial responsibility in the event of a loss.

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  • 5. 

    Which model of car had the highest frequency of theft claim in 2009?

    • Ford Taurus

    • Audi A8

    • Toyota Camry

    • Cadillac Escalade

    Correct Answer
    A. Cadillac Escalade
    Explanation
    The Cadillac Escalade had the highest frequency of theft claim in 2009.

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  • 6. 

    What percentage of teens rely on their parents to teach them to drive?

    • 77%

    • 40%

    • 56%

    • 90%

    Correct Answer
    A. 56%
    Explanation
    56% of teens rely on their parents to teach them to drive. This means that more than half of teenagers depend on their parents for driving lessons. It suggests that parental involvement is crucial in teaching teenagers how to drive, highlighting the importance of parental guidance and support during this learning process.

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Quiz Review Timeline (Updated): Mar 21, 2023 +

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  • Current Version
  • Mar 21, 2023
    Quiz Edited by
    ProProfs Editorial Team
  • Oct 25, 2010
    Quiz Created by
    ZocaloGroup
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