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| Louisville | | Why not take advantage of current | | Policy Period (or Term): The period |
| Madison | | low prices? Many auto insurance | | during which the policy contract |
| Spring Hill | | consumers are becoming educated | | affords protection, e.g., six months or |
| Fayetteville | | on other companies, plans, and rates | | one or three years. |
| Fairfax | | that are available to them; ones that | | |
| Walnut Creek | | could afford them significant savings | | Fiduciary: A person holding the funds |
| Mobile | | on their auto insurance. | | or property of another in a position of |
| Southfield | | | | trust. An example would be the |
| San Jose | | Healthy people have the best | | executor of an estate. |
| Modesto | | mortality risks and thus are much | | |
| Eugene | | cheaper for companies to insure. This | | Partnership Entity: The partnership |
| Toms River | | translates into lower rates for the | | considered as an entity and not in |
| Malden | | Super Preferred customer than | | terms of its individual part-owners. |
| Union | | someone with higher risk factors such | | |
| Stockbridge | | as a heart condition, cancer or | | Brokerage Department: A department |
| Asheville | | diabetes. Conversely, if you were | | of an insurer whose purpose is to |
| Orlando | | unhealthy when you acquired your | | deal with brokers in the placing of |
| Myrtle Beach | | policy, and your health has now | | insurance. |
| Santa Ana | | improved, it might be time to shop for | | |
| Chesapeake | | a new policy, as your rates are likely | | Deflation: An economic period |
| Portland | | to be lower. | | characterized by falling prices, high |
| Dearborn | | | | unemployment and a generally |
| Lafayette | | If you decide to cancel your policy | | sluggish or slow economy. |
| Virginia Beach | | (after acquiring new coverage) | | |
| Sioux Falls | | outside of the 30-day period, you may | | Theory of Probability: The |
| Lake Charles | | have to pay a fee or penalty. | | mathematical principle upon which |
| Minneapolis | | However, you may still save money | | insurance is based. |
| Cypress | | after paying the fee if your new policy | | |
| Yonkers | | affords you significant savings. So | | Independent Agent: An agent |
| Oklahoma City | | while it is best to wait until your | | operating as an independent |
| Arlington | | receive your renewal notice, you CAN | | contractor under the independent |
| Lorain | | cancel your policy at any time. | | agency system. |
