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| Oklahoma City | | If you decide to cancel your policy | | Time Limits: The limits of time within |
| Walnut Creek | | (after acquiring new coverage) | | which notice of a claim and proof of a |
| Alameda | | outside of the 30-day period, you may | | loss must be submitted. |
| Athens | | have to pay a fee or penalty. | | |
| Hot Springs | | However, you may still save money | | Criticism: A correction suggested by a |
| White Plains | | after paying the fee if your new policy | | rating or auditing bureau to an insurer. |
| Mesa | | affords you significant savings. So | | |
| Decatur | | while it is best to wait until your | | Flat Cancellation: A policy which is |
| Lubbock | | receive your renewal notice, you CAN | | cancelled upon its effective date. |
| Pittsburgh | | cancel your policy at any time. | | Usually under a flat cancellation no |
| Stockton | | | | premium charge is made. |
| Toms River | | Shopping around is the best way to | | |
| Kansas City | | save money on your insurance. | | Policy Period (or Term): The period |
| Bakersfield | | | | during which the policy contract |
| Chandler | | If you have noticed that your auto | | affords protection, e.g., six months or |
| Boise | | insurance rates are still increasing | | one or three years. |
| Spokane | | with each renewal, or even have not | | |
| Athens | | gone down even though you have a | | Theory of Probability: The |
| Amarillo | | great driving record, this lower pricing | | mathematical principle upon which |
| Kingsport | | trend makes it more important then | | insurance is based. |
| Baton Rouge | | ever that you shop around for auto | | |
| Quincy | | insurance. | | Agency Company: An insurance |
| Erie | | | | company that produces business |
| Marietta | | At InsWeb, you can compare free | | through an agency network. Contrast |
| Pueblo | | online insurance quotes from many of | | with Direct Writer. |
| Scottsdale | | the nations leading insurance | | |
| Reno | | companies. | | Policy Anniversary: The anniversary |
| Glendale | | | | of the date of issue of a policy as |
| Lincoln | | While some companies raise their | | shown in the policy declarations. |
| Wichita Falls | | prices based on your actual age, | | |
| Inglewood | | most companies increase the price of | | Liquidity: The ability of an insurer to |
| Kingsport | | their policies six months before your | | convert its assets into cash to pay |
| Flushing | | birthday. Its a term called Age | | claims if necessary. |
| Warwick | | Nearest in the industry, and that | | |
| Huntington | | half-year price increase could really | | |
| Dallas | | add up over a 20-year term policy. As | | |
| Tuscaloosa | | above, the quicker you purchase your | | |
| Henderson | | policy the better. | | |
