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| Anchorage | | While some companies raise their | | Substandard Risk: A risk not |
| Durham | | prices based on your actual age, | | measuring up to underwriting |
| Springfield | | most companies increase the price of | | standards. It may still be written but |
| Ocala | | their policies six months before your | | usually at a surcharged premium. |
| Minneapolis | | birthday. Its a term called Age | | |
| Duluth | | Nearest in the industry, and that | | Domestic Insurer (or Company): An |
| Long Island City | | half-year price increase could really | | insurer formed under the laws of the |
| Dayton | | add up over a 20-year term policy. As | | state in which the insurance is written. |
| Monroe | | above, the quicker you purchase your | | |
| Grand Junction | | policy the better. | | Lloyd's Broker: A person who has the |
| Pembroke Pines | | | | authority to negotiate insurance |
| Mesquite | | If you decide to cancel your policy | | contracts with the underwriters on the |
| Atlanta | | (after acquiring new coverage) | | floor at Lloyd's. |
| Wilmington | | outside of the 30-day period, you may | | |
| Savannah | | have to pay a fee or penalty. | | Claim: A demand made by the |
| Rockville | | However, you may still save money | | insured, or the insured's beneficiary, |
| Little Rock | | after paying the fee if your new policy | | for payment of the benefits provided |
| Houston | | affords you significant savings. So | | by the contract. |
| Midland | | while it is best to wait until your | | |
| Vineland | | receive your renewal notice, you CAN | | Loss Frequency: The number of times |
| Cypress | | cancel your policy at any time. | | a loss occurs over a specific period |
| Lake Worth | | | | of time. |
| Roanoke | | Why not take advantage of current | | |
| Ventura | | low prices? Many auto insurance | | License: A certification of authority for |
| Texarkana | | consumers are becoming educated | | an agent or insurer to operate, given |
| Edmond | | on other companies, plans, and rates | | by the appropriate jurisdiction. |
| Mobile | | that are available to them; ones that | | |
| Youngstown | | could afford them significant savings | | Insurance to Value: Insurance written |
| Arlington | | on their auto insurance. | | in an amount approximating the value |
| Amarillo | | | | of the property insured. |
| Los Angeles | | People who are trying to quit | | |
| Vineland | | smoking, for example, might be best | | Underwriters Laboratories, Inc. (UL): A |
| Fort Worth | | suited purchasing a shorter term (and | | testing laboratory for manufactured |
| Council Bluffs | | then replacing it with a longer term | | items to determine their safety |
| Pasadena | | policy when they qualify for | | propensities. |
| Philadelphia | | non-tobacco prices). | | |
