CO DMV Vehicle Insurance 3

Question 1

What is 'collision coverage' in an auto insurance policy?

Accepted Answer

It covers damage to your car from an accident regardless of fault

Answer

It pays for injuries to other drivers

Answer

It covers theft of your vehicle

Answer

It pays for medical bills for passengers in your car

Question 2

What does 'comprehensive coverage' protect against?

Accepted Answer

Non-collision events like theft, fire, or weather damage

Answer

Only accidents you cause

Answer

Liability to other drivers only

Answer

Only uninsured motorist situations

Question 3

In Colorado, if you are involved in an accident and do not have insurance, what happens to your driver's license?

Accepted Answer

It may be suspended until you provide proof of insurance

Answer

It is automatically renewed

Answer

It is revoked permanently

Answer

Nothing happens until a second offense

Question 4

Which of the following is NOT required under Colorado's minimum auto insurance law?

Accepted Answer

Comprehensive coverage

Answer

Bodily injury per person liability

Answer

Property damage liability

Answer

Bodily injury per accident liability

Question 5

What is a 'deductible' in an auto insurance policy?

Accepted Answer

The amount you pay out-of-pocket before insurance covers the rest

Answer

The monthly premium you pay

Answer

The maximum amount your insurer will pay

Answer

A discount applied for safe driving

Question 6

Medical payments (MedPay) coverage in Colorado pays for:

Accepted Answer

Medical expenses for you and your passengers regardless of fault

Answer

Damage to the other driver's vehicle

Answer

Only the other driver's medical expenses

Answer

Property damage you cause

Question 7

Under Colorado law, within how many days must you notify the DMV if your auto insurance is cancelled?

Accepted Answer

15 days

Answer

5 days

Answer

10 days

Answer

30 days