Everyone Gets an ‘F’ in Car Insurance 101

(Alamy) Think you know your car insurance coverage inside and out? You’re probably fooling yourself. According to a recent survey by Insurance.com, consumers who said they had an “excellent” understanding of their policy actually scored the lowest when quizzed about their car coverage with an average score of 26 percent.

Not that the less-confident among us are doing that much better.

When divided into subgroups by age, gender, geographical region, or self-described expertise, no group scored higher than 39 percent on the Insurance.com quiz. Across all test takers, the average score of 32 percent earned the equivalent of an “F” for everyone.

Those weren’t essay questions they had to answer, either: We’re talking about 10 multiple-choice questions here.

Slicing and Dicing the Results

There were 500 drivers who answered the 10 multiple-choice questions.

So who scored the best on the quiz overall? It certainly wasn’t those who said they read their entire policy. They actually scored a quite low 28 percent, on average.

The people who nailed the quiz — relatively speaking, with a still unimpressive average of 35 percent — were those who said they had never read their policy at all.

Here’s how results shook out based on gender, age and geography:

Test Yourself

Just two percent of test-takers got this one right:

“What does comprehensive coverage pay for?” (Select all that apply)

About half of those who took the quiz (55 percent) got this one:

“If your car is totaled, what does gap insurance pay for?” (Select One)

More people (71 percent) knew the answer to:

“If a friend borrows your car and crashes it, whose insurance pays?” (Select One) Curious to see how you’d fare? Take the test yourself here to see how your score compares.

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