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AUTO INSURANCE (PRACTICE) EXAM QUESTIONS AND ANSWERS 100% PASS
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AUTO INSURANCE (PRACTICE) EXAM QUESTIONS AND ANSWERS 100% PASS Jerry is currently insured through AA Auto Insurance, but would like to lower his auto insurance premium by at least $10 per month. His current insurance plan includes the $50/100,000 limit for bodily injury, $100,000 limit for prop...

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  • December 22, 2024
  • 6
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • auto insurance practice exam questions and answe

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  • AUTO INSURANCE
  • AUTO INSURANCE

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KatelynWhitman

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AUTO INSURANCE (PRACTICE) EXAM
QUESTIONS AND ANSWERS 100% PASS

Jerry is currently insured through AA Auto Insurance, but would like to lower his auto insurance

premium by at least $10 per month. His current insurance plan includes the $50/100,000 limit for bodily

injury, $100,000 limit for property damage, a $250 deductible for collision, and a $50 deductible for

comprehensive. Which of the following adjustments would allow Jerry to meet his goal?


a.


Reduce bodily injury limits to $25/50,000.


b.


Reduce property damage to $25,000.


c.


Increase collision deductible to $500.


d.


Increase comprehensive deductible to $100. - ✔✔c.


Increase collision deductible to $500.


Because of an accident Royce was involved in, his insurance company has increased his annual premium

for auto insurance by 5.2%. His original policy was set up using the premiums listed below. What is his

new annual premium after the increase for the accident?


a.




Created by Katelyn Whitman © 2025, All Rights Reserved.

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$514.76


b.


$543.00


c.


$548.20


d.


$571.24 - ✔✔d.


$571.24


Tom is considering making changes to his policy to make insurance more affordable. Which of the

following statements is not something Tom should consider when making changes to his policy?


a.


Increasing the deductible on collision insurance will reduce his overall monthly and annual expense, but

will lead to more out-of-pocket expense if he is in a collision.


b.


Removing comprehensive insurance will reduce his overall expense, but will leave Tom entirely

responsible for the cost of a new windshield if he hits a rock on the highway.


c.


Increasing the limits on his bodily injury insurance will reduce his overall expense by putting greater

limits on how much the insurance company will pay for injuries.


d.




Created by Katelyn Whitman © 2025, All Rights Reserved.

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