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| Toledo | | If you have noticed that your auto | | Foreign Insurer: An insurer domiciled |
| Spartanburg | | insurance rates are still increasing | | in a state of the United States other |
| Lorain | | with each renewal, or even have not | | than the one in which the insured's |
| Macon | | gone down even though you have a | | insurance is written. |
| Kalamazoo | | great driving record, this lower pricing | | |
| Nashua | | trend makes it more important then | | Broker of Record: A broker who has |
| Silver Spring | | ever that you shop around for auto | | been designated to handle certain |
| Stockbridge | | insurance. | | insurance contracts for the |
| Fort Collins | | | | policyholder. |
| Lowell | | The best time to switch policies is | | |
| Lancaster | | within one month of receiving your | | Initial Premium: An amount paid at the |
| Nashua | | policy renewal from your current | | inception of an insurance contract, |
| Salt Lake City | | insurer. You can typically cancel your | | usually subject to adjustment at the |
| Charleston | | policy without any fees or penalties if | | end of the policy period. |
| Springfield | | you act within this time period. | | |
| Lancaster | | | | Equity: The money value of an |
| Mesquite | | People who are trying to quit | | insurance company that is over and |
| Alexandria | | smoking, for example, might be best | | above its liabilities. Liabilities include |
| Sioux Falls | | suited purchasing a shorter term (and | | almost all of its reserves. |
| Columbus | | then replacing it with a longer term | | |
| Franklin | | policy when they qualify for | | Not Taken: Policies applied for and |
| Dearborn | | non-tobacco prices). | | issued but rejected by the proposed |
| Des Moines | | | | owner and not paid for. |
| Spokane | | If you decide to cancel your policy | | |
| Pasadena | | (after acquiring new coverage) | | Underinsurance: A condition in which |
| Mansfield | | outside of the 30-day period, you may | | not enough insurance is carried to |
| Torrance | | have to pay a fee or penalty. | | cover the insurable value. |
| Fort Collins | | However, you may still save money | | |
| Davenport | | after paying the fee if your new policy | | Notice To Company: Written notice to |
| Portland | | affords you significant savings. So | | an insurer of the occurrence of an |
| Santa Ana | | while it is best to wait until your | | event which a claim is to be based. |
| El Paso | | receive your renewal notice, you CAN | | |
| Ventura | | cancel your policy at any time. | | Authorized Insurer: An insurer |
| Aurora | | | | authorized by the state to transact |
| Norwalk | | | | business in that state for specific |
| Fort Smith | | | | types of insurance. |
