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| Henderson | | If you have noticed that your auto | | Premium: The price of insurance |
| Sterling Heights | | insurance rates are still increasing | | protection for a specified risk for a |
| Joliet | | with each renewal, or even have not | | specified period of time. |
| Amarillo | | gone down even though you have a | | |
| Evansville | | great driving record, this lower pricing | | Shock Loss: A catastrophic loss so |
| Youngstown | | trend makes it more important then | | large that it has a material effect on |
| Albany | | ever that you shop around for auto | | the underwriting results of a company. |
| Lima | | insurance. | | |
| Lakeland | | | | Burning Ratio: The ratio of losses |
| Kansas City | | While some companies raise their | | suffered to the amount of insurance in |
| Oxnard | | prices based on your actual age, | | effect. |
| Riverside | | most companies increase the price of | | |
| Youngstown | | their policies six months before your | | Deflation: An economic period |
| Davenport | | birthday. Its a term called Age | | characterized by falling prices, high |
| Woodbridge | | Nearest in the industry, and that | | unemployment and a generally |
| Lawton | | half-year price increase could really | | sluggish or slow economy. |
| Quincy | | add up over a 20-year term policy. As | | |
| Edison | | above, the quicker you purchase your | | Retail Credit Company: The former |
| Salem | | policy the better. | | name of Equifax, a credit reporting |
| Stockton | | | | organization. See Equifax. |
| Boulder | | Why not take advantage of current | | |
| Delray Beach | | low prices? Many auto insurance | | Loss Adjustment Expense: The cost |
| Hampton | | consumers are becoming educated | | of adjusting losses, excluding the |
| Cookeville | | on other companies, plans, and rates | | amount of the loss itself. |
| Columbia | | that are available to them; ones that | | |
| Oceanside | | could afford them significant savings | | Loss Frequency: The number of times |
| Seattle | | on their auto insurance. | | a loss occurs over a specific period |
| Spartanburg | | | | of time. |
| Houma | | The best time to switch policies is | | |
| Denver | | within one month of receiving your | | License: A certification of authority for |
| Arlington | | policy renewal from your current | | an agent or insurer to operate, given |
| Long Beach | | insurer. You can typically cancel your | | by the appropriate jurisdiction. |
| Longwood | | policy without any fees or penalties if | | |
| Duluth | | you act within this time period. | | Capital Sum: The maximum lump sum |
| Charleston | | | | payable in the event of accidental |
| Marietta | | | | death or dismemberment. |
