Chapter 2 Flashcards
True or False: It is mandatory in the state of Indiana for all motorists to carry a minimum amount of liability insurance or proof of financial responsibility.
True
You must be insured in order to:
Register your vehicle and obtain an Indiana license plate
Renew or replace your existing Indiana vehicle registration
Legally drive your vehicle
Liability insurance pays for losses that are_______responsibility.
Your
The two types of liability insurance required in Indiana are bodily injury liability and_____________liability.
Property damage
The minimum amount of bodily injury liability coverage required in Indiana for an injury or death of one person is:
$25,000
True or False: Driving without insurance can result in your license being suspended from 90 days up to a year.
True
A certificate of compliance, which serves as proof of financial responsibility, must be returned to the BMV within_____days.
40
Collision insurance is recommended if your car is a recent model or worth at least:
$4,000
Which type of coverage pays for damages to your vehicle caused by fire, hail, floods, vandalism, or theft?
Comprehensive
True or False: Coverage with an unlicensed insurance company exposes you to the risk of nonpayment of clams and insufficient overall coverage, in addition to possible suspension of your registration.
True
True or False: Increasing your deductible can help reduce your premium payments.
True
True or False: Insurance premiums can very from insurer to insurer for the exact same type of coverage.
True
What can provide possible insurance discounts?
Good grades (B&+)
Driving less than 7,500 miles a year
Airbags or other safety devices
True or False: Statistics show that both younger and older drivers have a higher probability for collisions.
True
What can impact your auto insurance premiums?
Location
True or False: People who smoke are more likely to have lower Insurance rates than those who do not.
False
True or False: Leaving the scene of any collision is a crime that can carry severe penalties.
True
What is the first thing you should do if you are involved in a collision?
Stop
When exchanging information after a collision, you should include:
License plate numbers
Names and addresses
Insurance policy information
Names and driver’s license numbers
What should you do if you caused damage to a parked car or object and can’t find the owner?
Leave a note in a conservative place.
