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| Yuma | | The best time to switch policies is | | Notice of Cancellation: Written notice |
| Irvine | | within one month of receiving your | | by an insurer of intent to cancel |
| Manchester | | policy renewal from your current | | insurance, or written notice by an |
| Oklahoma City | | insurer. You can typically cancel your | | insured requesting cancellation. |
| Plano | | policy without any fees or penalties if | | |
| West Chester | | you act within this time period. | | Other Insurance: The existence of |
| Greensboro | | | | other contracts covering the same |
| Savannah | | If you have noticed that your auto | | interest and perils. |
| Norfolk | | insurance rates are still increasing | | |
| Lexington | | with each renewal, or even have not | | Equity: The money value of an |
| Fort Lauderdale | | gone down even though you have a | | insurance company that is over and |
| Huntsville | | great driving record, this lower pricing | | above its liabilities. Liabilities include |
| Chesapeake | | trend makes it more important then | | almost all of its reserves. |
| Dearborn | | ever that you shop around for auto | | |
| Columbus | | insurance. | | Exclusion: A contractual provision that |
| Florissant | | | | denies coverage for certain perils, |
| Hickory | | While some companies raise their | | persons, property, or locations. |
| Cleveland | | prices based on your actual age, | | |
| Fremont | | most companies increase the price of | | Premises: The particular location of |
| Lakewood | | their policies six months before your | | property or a portion thereof as |
| Manchester | | birthday. Its a term called Age | | designated in a policy. |
| Dothan | | Nearest in the industry, and that | | |
| Dallas | | half-year price increase could really | | Premium Receipt: The receipt given |
| Dubuque | | add up over a 20-year term policy. As | | a policy owner for the payment of a |
| Troy | | above, the quicker you purchase your | | premium. |
| Spokane | | policy the better. | | |
| Tucson | | | | Cut Rate: This term generally applies |
| Eugene | | Why not take advantage of current | | to insurance companies who charge |
| New Port Richey | | low prices? Many auto insurance | | premiums below a normal or average |
| Salt Lake City | | consumers are becoming educated | | rate. |
| Frederick | | on other companies, plans, and rates | | |
| Vineland | | that are available to them; ones that | | Incurred Expense: Expenses not yet |
| Palo Alto | | could afford them significant savings | | paid. Can also include paid |
| Englewood | | on their auto insurance. | | expenses in some accounting |
| Springfield | | | | systems. |
