Insurance Quiz: Can You Beat 4 out of 10 Correct?

My Money Blog has partnered with CardRatings and may receive a commission from card issuers. Some or all of the card offers that appear on this site are from advertisers and may impact how and where card products appear on the site. does not include all card companies or all available card offers. All opinions expressed are the author’s alone.

Argh… they got me. I usually filter out PR emails, but I went ahead and took the Insurance Intelligence Quiz by the National Association of Insurance Commissioners (NAIC). According to them, a recent survey found Americans only answered an average of 4 out of 10 questions correctly. The quiz turned out to be reasonably quick and the questions weren’t horrible, so I figured I’d share it for the semi-competitive folks out there that want to test their insurance knowledge.

Quiz Spoilers below…

I ended up getting 8 out of 10 correct. I did not know that auto insurance was not required in all 50 states. Well, technically not required in New Hampshire and Wisconsin. I found this information from

New Hampshire state law does not require minimum auto insurance coverage. However, if you are at-fault in an accident without having insurance coverage you will be required to get car insurance. In this state it is advised that if you own a vehicle you get at least some type of bodily injury coverage, in addition to $25,000 worth of property damage.

Many people believe that Wisconsin does not require insurance, which is true however you must have other means to pay for damages you cause if you are at fault in an accident.

Wisconsin has a financial responsibility law that pertains to any motorist licensed to drive in Wisconsin. This law is designed to make sure anyone operating a vehicle has insurance or enough money to pay for damages to others that may have been caused by a motor vehicle. These requirements may be met through an automobile liability insurance policy, a surety bond, personal funds or a certificate of self-insurance.

I also missed the 100/300/100 question, which is bodily(per person)/bodily(total cap)/property damage. This is a quick way to check up on how much your insurance covers in the even of an accident. I used to think my insurance was pretty cheap, only to find out it was because my coverage limits were near the state minimum.

My Money Blog has partnered with CardRatings and may receive a commission from card issuers. Some or all of the card offers that appear on this site are from advertisers and may impact how and where card products appear on the site. does not include all card companies or all available card offers. All opinions expressed are the author’s alone, and has not been provided nor approved by any of the companies mentioned. is also a member of the Amazon Associate Program, and if you click through to Amazon and make a purchase, I may earn a small commission. Thank you for your support.

User Generated Content Disclosure: Comments and/or responses are not provided or commissioned by any advertiser. Comments and/or responses have not been reviewed, approved or otherwise endorsed by any advertiser. It is not any advertiser's responsibility to ensure all posts and/or questions are answered.


  1. good quiz, i missed the “what age can you start medicare” and the car insurance x/x/x one.

    /me goes to look at auto policy to review

    i love this blog man, you do a great job of informative posts…I know this was just a link to a quiz, but it really gets you thinking about insurance and reminds you to keep on top of what you have

  2. 10 out of 10 🙂

  3. Got everything right. Pretty easy.

  4. In your financial state you might also consider an umbrella policy. Minimums will not cover major accidents and they will go after whateverelse you.

  5. you have to keep track – it doesn’t seem to score you.

    only got 1 wrong – medicare eligibility.

    I live in Wisconsin and I *think* the law will change shortly to require auto insurance. there was some new legislation last year.

  6. I got 10 out of 10, but I had to wildly guess at the 100/300/100 question, so I’m not sure that counts. 😉

  7. Sofaking Nuts says

    10/10….pretty easy in my opinion.

  8. I got 9/10. I wasn’t clear on who paid for theft of personal property from a car. I figured that not all home/renter policies cover that so I thought it might be more of a “dont’ know” situation.

    I was probably lucky on the 100/300/100 question.

  9. 9/10 surprised to find out that not all states require auto insurance! definately dont want to live in those states

  10. Terminator says

    I missed 3

  11. Got 6/10 right but the site said I fell into the group of people who get less than 40% right. They should check their math.

  12. 8/10. No prize.

    @xmasy – Ohio requires it, but minimum coverage is pathetic – if you get seriously hurt you are basically screwed. Had a coworker get hurt pretty bad in an accident – someone with nothing to their name, minimum insurance, and nothing to lose. She and her insurance picked up most of the cost. Makes you consider not driving at all.

  13. 10/10 – but I also wasn’t sure on the 100/300/100 question. I knew most of the others from personal experience with insurance. Great post. Keep it up!

  14. Hmmm I missed the question about credit score affecting the cost of insurance b/c the company I work for, Liberty Mutual – at least here in CA – doesn’t check it and we don’t even ask for SSNs

  15. Online Credit Score says

    Oh I got 8 out of 10…is that bad?

  16. Yeah! I have a high iiQ
    I think it’s only because I’m the kind of person that reads through the entire policy so I know what exactly I’m covered for.

  17. Mississippi Mike says

    I guess I am the only one on this blog that thinks the insurance industry should be held in contempt for the thieving practices they enjoy and employ. People get sent to court for shoplifting, which is petty, and not as bad, as the theft carried out by the banking and insurance industries.

    Theft is theft, regardless whether everyone does it and regardless whether its “legal”!

  18. I got 10 for 10.

    I took an educated guess at the insurance one. Since it was 100 and there was also a 300. I went with the one that said, “per” as I knew the 300 was a collective number – my words are bad but this is what helped me to get it right.

  19. @Mississippi Mike – very energetic statement, but it doesn’t say much. How is insurance stealing from you?

    Working for a major auto insurer, it doesn’t surprise me in the least that (almost) no one knew the 100/300/100 question. I have to explain that to people all day long… And a lot of them think I’m just trying to get more money from them by suggesting higher coverages. I’m just trying to make sure you don’t get yourself sued if you kill someone. Gotta love people gettin’ mad at what they don’t understand 🙂

    The minimum limits in most states are pretty low (with Ohio being exceptionally so!). Almost every state lets you have a surety bond instead of insurance from a company to show financial responsibility, so I’m not sure what’s so “different” about Wisconsin that it always gets singled out for that aspect.

  20. 10/10 here. If most Americans only get 4/10 on something that easy, it’s no wonder the insurance industry is doing the things it do to us!

  21. 10/10 here.

    On the auto note, most limits problems (claim of damage more than your limits) are due to property damage. Combined Single Limit is the answer, your 100/300/100 becomes 300 CSL, in other words it doesn’t matter if is is Property Damage or Bodily Injury the total per accident is $300,000. I is only a few (and I mean few) dollars more.

    By the way most states have minimum limits that are way too low, jump you state legislator. Make ’em change it.

Speak Your Mind