How Much Do You Really Know About Car Insurance? Take the Quiz to Find Out!Share:FacebookPinterestTwitterMailWhy is an insurance policy important in car insurance?60%Next Correct Incorrect The correct answer is"To outline the terms and coverage of the insurance contract." Why is an insurance policy important in car insurance? The process of determining your insurance policy’s maximum payout for damages. To outline the terms and coverage of the insurance contract. To calculate the cost of your insurance premium. To offer legal representation if you're involved in an accident. 60%