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| Des Moines | | Why not take advantage of current | | Independent Contractor: One who |
| Longview | | low prices? Many auto insurance | | agrees to perform according to a |
| New Port Richey | | consumers are becoming educated | | contract and who is not an employee. |
| Rochester | | on other companies, plans, and rates | | |
| Chattanooga | | that are available to them; ones that | | Calendar Year Experience: This |
| Macon | | could afford them significant savings | | measures the premiums and losses |
| Council Bluffs | | on their auto insurance. | | entered on accounting records during |
| Salt Lake City | | | | the 12-month calendar. |
| Fort Myers | | Shopping around is the best way to | | |
| San Diego | | save money on your insurance. | | Net Loss: The amount of loss |
| Rochester | | | | sustained by an insurer after giving |
| Los Angeles | | The quickest and easiest way to | | effect to all applicable reinsurance, |
| Mesa | | shop for new insurance is by | | salvage, and subrogation recoveries. |
| El Paso | | comparing rates at InsWebs online | | |
| Greeley | | marketplace. If you do it the | | Replacement: A new policy written to |
| Lakewood | | old-fashioned way (by calling or | | take the place of one currently in force. |
| Richmond | | visiting multiple agents or insurance | | |
| Irvine | | companies) it could take up a huge | | Open Rating: A system whereby a |
| Des Moines | | chunk of your time, which no one | | state allows an insurer to use rates |
| Schenectady | | wants or needs. By completing | | without prior approval. |
| Bronx | | InsWebs online application, you will | | |
| Kalamazoo | | have rates to compare to your old | | Claim: A demand made by the |
| Louisville | | ones within minutes! | | insured, or the insured's beneficiary, |
| Eugene | | | | for payment of the benefits provided |
| Spartanburg | | If you decide to cancel your policy | | by the contract. |
| Pensacola | | (after acquiring new coverage) | | |
| Stamford | | outside of the 30-day period, you may | | Overlapping Insurance: Coverage |
| Baltimore | | have to pay a fee or penalty. | | from two or more policies or insurers |
| West Palm Beach | | However, you may still save money | | which duplicates coverage of certain |
| Pasadena | | after paying the fee if your new policy | | risks. |
| Longview | | affords you significant savings. So | | |
| Racine | | while it is best to wait until your | | Broker of Record: A broker who has |
| Jackson | | receive your renewal notice, you CAN | | been designated to handle certain |
| Fort Collins | | cancel your policy at any time. | | insurance contracts for the |
| Alameda | | | | policyholder. |
