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| Malden | | People who are trying to quit | | Single Limit: Any insurance coverage |
| Toledo | | smoking, for example, might be best | | which is expressed as a single |
| Odessa | | suited purchasing a shorter term (and | | amount of insurance, or a single limit |
| Daytona Beach | | then replacing it with a longer term | | of liability. Contrast with Split Limit. |
| Des Moines | | policy when they qualify for | | |
| Clarksville | | non-tobacco prices). | | Claim Expense: The expense of |
| Muskegon | | | | adjusting a claim, such as |
| Overland Park | | Why not take advantage of current | | investigation and attorneys' fees. It |
| Torrance | | low prices? Many auto insurance | | does not include the cost of the claim |
| Memphis | | consumers are becoming educated | | itself. |
| Newport Beach | | on other companies, plans, and rates | | |
| Johnstown | | that are available to them; ones that | | Minimum Premium: The smallest |
| South Bend | | could afford them significant savings | | amount of premium for which an |
| Newport News | | on their auto insurance. | | insurer will issue coverage under a |
| Rochester | | | | given policy. |
| Las Vegas | | If you decide to cancel your policy | | |
| Columbia | | (after acquiring new coverage) | | Overlapping Insurance: Coverage |
| Beaumont | | outside of the 30-day period, you may | | from two or more policies or insurers |
| Madison | | have to pay a fee or penalty. | | which duplicates coverage of certain |
| Huntington Beach | | However, you may still save money | | risks. |
| Fremont | | after paying the fee if your new policy | | |
| Sacramento | | affords you significant savings. So | | Mandatory Valuation Reserve: A |
| Inglewood | | while it is best to wait until your | | reserve required by a state law to |
| Baton Rouge | | receive your renewal notice, you CAN | | offset any declines in the valuation of |
| Fullerton | | cancel your policy at any time. | | securities listed as admitted assets. |
