1. What does collision insurance cover?
Correct!
Wrong!
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2. Comprehensive coverage pays for which of the following:
Correct!
Wrong!
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3. What is a “deductible” on your auto or health insurance policy?
Correct!
Wrong!
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4. Which statement is true regarding state by state insurance requirements?
Correct!
Wrong!
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5. What is “gap” insurance for a car?
Correct!
Wrong!
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6. Which of the following may entitle you to a discount on your car insurance?
Correct!
Wrong!
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7. What elements of your insurance premium can you control or select?
Correct!
Wrong!
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8. Who will likely pay the most for car insurance, assuming none of them have had any accidents?
Correct!
Wrong!
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9. Which factor has no impact on your car insurance rate?
Correct!
Wrong!
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10. Which car will likely be the most expensive to insure (same driver)?
Correct!
Wrong!
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As a teen you are already working on those money mojo skills! Keep learning more, stay awesome, and watch your money and success grow!
Senior Advisor, Financial literacy curriculum, CentSai Teaching applied financial education, in easy, fun format is what I love. I’ve been affiliated with Oberlin College since 2011 directing financial literacy programs. My first course, “Fundamentals of Finance,” offered for four years, was open to both College and Conservatory students. The course has since evolved to “Personal Finance for Millennials,” which I teach as a visiting instructor in the economics department. I often speak at financial literacy events around the country and I am currently working on a book on the subject. I spent the first two decades of my career in the corporate world, working as a financial planner, first with Xerox Corp. and then with BellSouth. I also spent a few years abroad, as financial planning director of Optus Comms and then as CFO of BellSouth New Zealand. I also sit on the board of the Northern Ohio Youth Orchestras as Treasurer. I received a BA in Economics summa cum laude from the University of Pennsylvania and an MBA in Finance, Economics and Accounting from the Simon School at the University of Rochester.