Geico Assessment Test Numerical Reasoning 2

Question 1

If comprehensive coverage costs $180/year and collision costs $350/year, what is the total for both per month?

Accepted Answer

$44.17

Answer

$53.00

Answer

$530.00

Answer

$29.17

Question 2

A fleet discount of 10% applies when insuring 3+ vehicles. If each vehicle costs $800/year, what is the total for 4 vehicles with the discount?

Accepted Answer

$2,880

Answer

$3,200

Answer

$2,400

Answer

$3,600

Question 3

If a customer's claim history shows 2 claims in 5 years, what is their claim frequency rate?

Accepted Answer

0.4 claims per year

Answer

0.2 claims per year

Answer

2.5 claims per year

Answer

1 claim per year

Question 4

An agent's sales target is 50 policies per month. They sold 42 in the first 3 weeks. What is their completion rate?

Accepted Answer

84%

Answer

42%

Answer

92%

Answer

100%

Question 5

If switching from a $250 to a $500 deductible saves $120/year on premiums, how long to recoup the extra $250 risk?

Accepted Answer

About 2 years

Answer

About 1 year

Answer

About 3 years

Answer

About 5 years

Question 6

A policy has a per-occurrence limit of $100,000 and an annual aggregate of $300,000. If three claims of $90,000 each occur, how much will insurance pay total?

Accepted Answer

$270,000

Answer

$300,000

Answer

$90,000

Answer

$200,000