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| Jersey City | | Shopping around is the best way to | | Shock Loss: A catastrophic loss so |
| Edmond | | save money on your insurance. | | large that it has a material effect on |
| Lafayette | | | | the underwriting results of a company. |
| Decatur | | The best time to switch policies is | | |
| Cedar Rapids | | within one month of receiving your | | Foreign Insurer: An insurer domiciled |
| Huntington | | policy renewal from your current | | in a state of the United States other |
| Abilene | | insurer. You can typically cancel your | | than the one in which the insured's |
| Orange Park | | policy without any fees or penalties if | | insurance is written. |
| Jonesboro | | you act within this time period. | | |
| Worcester | | | | Depreciation: A decrease in the value |
| Acworth | | Why not take advantage of current | | of any type of tangible property over |
| Santa Barbara | | low prices? Many auto insurance | | a period of time resulting from use, |
| Worcester | | consumers are becoming educated | | wear and tear, or obsolescence. |
| Baltimore | | on other companies, plans, and rates | | |
| Henderson | | that are available to them; ones that | | Monoline Policy: Any insurance |
| Stamford | | could afford them significant savings | | coverage written as a single line |
| Killeen | | on their auto insurance. | | policy. Contrast with Multiple Line or |
| Cincinnati | | | | Package policy. |
| Fayetteville | | Make sure you have a new policy in | | |
| Seattle | | place before you cancel your old one | | Fictitious Groups: Groups formed |
| Winter Haven | | to avoid a lapse in coverage. This will | | primarily for the purpose of buying |
| Pueblo | | also prevent having to figure out the | | insurance. Under the law such groups |
| Midland | | amount of any unused premium that is | | may not be underwritten. |
| Fall River | | due to you from your old insurance | | |
| Walnut Creek | | company, or having to spar with your | | Accident Year Experience: Measures |
| Fayetteville | | agent about exactly when your policy | | premiums and losses relating to |
| Albany | | was cancelled and how much they | | accidents which occurred during a |
| Vancouver | | owe you. | | 12-month period. |
