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| Peoria | | The best time to switch policies is | | Notice of Cancellation: Written notice |
| Lancaster | | within one month of receiving your | | by an insurer of intent to cancel |
| Mansfield | | policy renewal from your current | | insurance, or written notice by an |
| Anderson | | insurer. You can typically cancel your | | insured requesting cancellation. |
| Fort Worth | | policy without any fees or penalties if | | |
| Newark | | you act within this time period. | | Authorized Insurer: An insurer |
| Daytona Beach | | | | authorized by the state to transact |
| Macon | | If you decide to cancel your policy | | business in that state for specific |
| Rockville | | (after acquiring new coverage) | | types of insurance. |
| Newport News | | outside of the 30-day period, you may | | |
| Johnson City | | have to pay a fee or penalty. | | Accident Year Experience: Measures |
| Williamsport | | However, you may still save money | | premiums and losses relating to |
| Marietta | | after paying the fee if your new policy | | accidents which occurred during a |
| Bethlehem | | affords you significant savings. So | | 12-month period. |
| Clinton Township | | while it is best to wait until your | | |
| Melbourne | | receive your renewal notice, you CAN | | Insolvent Insurer: An insurer which is |
| Gulfport | | cancel your policy at any time. | | unable to meet its financial |
| Chattanooga | | | | obligations. |
| San Jose | | Why not take advantage of current | | |
| Gaithersburg | | low prices? Many auto insurance | | Standard Industry Code (SIC): This is |
| Oceanside | | consumers are becoming educated | | a coding system which assigns |
| Pittsburgh | | on other companies, plans, and rates | | separate codes for different types of |
| Kalamazoo | | that are available to them; ones that | | industries. |
| Minneapolis | | could afford them significant savings | | |
| Englewood | | on their auto insurance. | | Partnership: A business enterprise |
| Schenectady | | | | owned and operated by two or more |
| Tyler | | If you have noticed that your auto | | persons for the purpose of generating |
| Thousand Oaks | | insurance rates are still increasing | | business income and profits. |
| Cedar Rapids | | with each renewal, or even have not | | |
| Duluth | | gone down even though you have a | | Malicious Mischief: Similar to |
| Roanoke | | great driving record, this lower pricing | | vandalism. Purposely damaging the |
| Corona | | trend makes it more important then | | rights or property of another. |
| Owensboro | | ever that you shop around for auto | | |
| Tulsa | | insurance. | | Line of Business: The classification of |
| Chandler | | | | business as utilized in the insurance |
| Evansville | | | | industry, e.g., Fire, Allied Lines and |
| Fayetteville | | | | Homeowners. |
