How Much Do You Know About Saving Money on Your Car Insurance?

How well do you know your car insurance policy? More importantly, how much do you know about saving money on your premiums? Take this easy quiz and find out!

1) What security feature can save you up to 20% on your insurance?

a) Seat belts
b) A horn
c) Door locks
d) A GPS tracking system

2) Why shouldn't you rely on the CLUB to keep your car safe?

a) The CLUB isn't strong enough.
b) Thieves can drive your car with the CLUB still attached.
c) Car thieves are cutting through steering wheels to remove the CLUB.
d) All of the above.

3) What security feature should you use instead of the CLUB?

a) Door locks.
b) Fuel switches.
c) A GPS tracking system.
d) A taser.

4) All insurance companies offer the same discounts.

a) True
b) False

5) What profession typically pays the least for their insurance premiums?

a) Teachers.
b) Musicians.
c) Doctors.
d) Exotic Dancers.

6) How old do you have to be to get a discount on your car insurance?

a) 21
b) 22
c) 24
d) 25

7) Where can you go to find out how big a risk your car is out on the highway?

a) The Dictionary.
b) The Pennsylvania Bureau of Insurance.
c) The Highway Data Loss Institute.
d) Your Parents.

8) Should you shop around for multiple insurance quotes?

a) Yes
b) No

Answers:

1) D. By installing a tracking system on your car you can find it quickly if it's stolen. The expense of this feature, and its high success rate, means you'll save big bucks on your insurance.

2) C. In a recent article titled "Confessions of a Car Thief" a car theft professional confessed that today's thieves think almost nothing of cutting through a steering wheel to remove a CLUB and steal the car.

3) B. Most insurance companies recommend fuel switches as a viable alternative to the CLUB, since they'll stop fuel from reaching the engine and make sure your car isn't going anywhere.

4) B. False. Every car insurance company has its own policies when it comes to saving money on their car insurance premiums.

5) A. Statistically, teachers and engineers are least likely to get in an accident and therefore pay less for their car insurance coverage.

6) D. 25 is the magic age for car insurance discounts and car rentals. People over 35 are 60% less likely to file car insurance claims after causing an accident and therefore enjoy greater savings on their insurance premiums.

7) C. The Highway Loss Data Institute compiles information every year on the makes, models and years of cars involved in car accidents. That data is available through their website and can be sued to help you make a decision about buying a car if insurance premiums are a concern.

8) A. Absolutely! Shopping around is a great way to make sure you get the deal you deserve on yoru car insurance coverage. Remember, not all car insurance companies are created equal. You want to make sure you're getting the best possible deal for your needs.

Anthony M. Peck is the Senior Developer, Software Project Manager and Director of Business Development for QuoteScout.com. For more information on how to save on car insurance visit them at http://www.QuoteScout.com

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