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| Jacksonville | | If you decide to cancel your policy | | Cut Rate: This term generally applies |
| San Jose | | (after acquiring new coverage) | | to insurance companies who charge |
| Winter Park | | outside of the 30-day period, you may | | premiums below a normal or average |
| Vero Beach | | have to pay a fee or penalty. | | rate. |
| Johnson City | | However, you may still save money | | |
| Wilmington | | after paying the fee if your new policy | | Substandard Risk: A risk not |
| Huntsville | | affords you significant savings. So | | measuring up to underwriting |
| Alexandria | | while it is best to wait until your | | standards. It may still be written but |
| Hot Springs | | receive your renewal notice, you CAN | | usually at a surcharged premium. |
| Fullerton | | cancel your policy at any time. | | |
| Berkeley | | | | Coding: A method of putting |
| Livonia | | Why not take advantage of current | | information into a numerical form for |
| Kingsport | | low prices? Many auto insurance | | statistical use. Most information on |
| Silver Spring | | consumers are becoming educated | | policies is coded and then put into |
| Cookeville | | on other companies, plans, and rates | | reports. |
| Baton Rouge | | that are available to them; ones that | | |
| Providence | | could afford them significant savings | | Policy Anniversary: The anniversary |
| Hendersonville | | on their auto insurance. | | of the date of issue of a policy as |
| Lakewood | | | | shown in the policy declarations. |
| Harrisburg | | Shopping around is the best way to | | |
| San Jose | | save money on your insurance. | | Equity: The money value of an |
| Rapid City | | | | insurance company that is over and |
| Malden | | Healthy people have the best | | above its liabilities. Liabilities include |
| Knoxville | | mortality risks and thus are much | | almost all of its reserves. |
| Venice | | cheaper for companies to insure. This | | |
| Chattanooga | | translates into lower rates for the | | Operating Expense: The expense of |
| Honolulu | | Super Preferred customer than | | an insurer other than commissions |
| Lorain | | someone with higher risk factors such | | and taxes. Called " and Insurance |
| Pasadena | | as a heart condition, cancer or | | Expense" in the convention statement |
| Sterling Heights | | diabetes. Conversely, if you were | | blank. |
| Des Moines | | unhealthy when you acquired your | | |
| Bayside | | policy, and your health has now | | Examiner: An employee assigned by |
| Vero Beach | | improved, it might be time to shop for | | the state insurance department to |
| Williamsburg | | a new policy, as your rates are likely | | audit insurers' records. |
| Fort Smith | | to be lower. | | |
