Only 45 percent of Americans feel confident making insurance decisions and more than 60 percent failed to correctly answer basic questions about insurance coverage in a new survey from the National Association of Insurance Commissioners.
The survey was comprised of two sections: One section gauging broader consumer perceptions on insurance and a second 10-question IQ component that tested specific knowledge.
According to the NAIC, most respondents only answered four out of 10 questions correctly on the IQ component. That's an average score of only 40 percent.
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