A survey by the Delaware Department of Insurance and the National Association of Insurance Commissioners reveals that a majority of Americans do not know basic facts about insurance, such as the recommended amount of life insurance relative to salary.

The 10-question quiz, which was designed to rate the nation’s insurance IQ, showed that on average Americans got only 4 of the 10 questions correct. In contrast, 60 percent of respondents described themselves as “very confident” about their insurance decisions.

“With rising joblessness and falling home prices, Americans need to make sure they understand what their insurance policies cover. By making careful, informed decisions about their insurance, consumers can save money and ensure long-term protection for themselves and their loved ones,” said Delaware Insurance Commissioner Karen Weldin Stewart.