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| Belleville | | While some companies raise their | | Insurance Policy: The printed form |
| Sterling Heights | | prices based on your actual age, | | which serves as the contract between |
| Frederick | | most companies increase the price of | | an insurer and an insured. |
| Ventura | | their policies six months before your | | |
| Edison | | birthday. Its a term called Age | | Flat Cancellation: A policy which is |
| Bethlehem | | Nearest in the industry, and that | | cancelled upon its effective date. |
| Grand Junction | | half-year price increase could really | | Usually under a flat cancellation no |
| Santa Clara | | add up over a 20-year term policy. As | | premium charge is made. |
| Pembroke Pines | | above, the quicker you purchase your | | |
| St. Paul | | policy the better. | | Convention Values: Values assigned |
| Portland | | | | to insurers' assets in the convention |
| Ogden | | If you have noticed that your auto | | blank. |
| Lawton | | insurance rates are still increasing | | |
| Palo Alto | | with each renewal, or even have not | | Losses Incurred: The total losses, |
| Anderson | | gone down even though you have a | | whether paid or not, sustained by an |
| Jackson | | great driving record, this lower pricing | | insurer during a given period, e.g., 12 |
| Jasper | | trend makes it more important then | | months. |
| Hollywood | | ever that you shop around for auto | | |
| Chesapeake | | insurance. | | Absolute Assignment: Assignment by |
| Fresno | | | | a policy owner of all control of and |
| Sarasota | | The best time to switch policies is | | rights in the policy to a third party. |
| Hattiesburg | | within one month of receiving your | | |
| New Orleans | | policy renewal from your current | | Buy-Back" Deductible: A deductible |
| Yonkers | | insurer. You can typically cancel your | | which may be eliminated for an |
| Biloxi | | policy without any fees or penalties if | | additional premium in order to |
| Santa Rosa | | you act within this time period. | | provide "first-dollar" coverage. |