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| Johnstown | | The best time to switch policies is | | Commingling: An illegal practice |
| Louisville | | within one month of receiving your | | which occurs when an agent mixes |
| Lima | | policy renewal from your current | | personal funds with the insured's or |
| Sumter | | insurer. You can typically cancel your | | insurer's funds. |
| Florissant | | policy without any fees or penalties if | | |
| Augusta | | you act within this time period. | | Incurred Expense: Expenses not yet |
| Albany | | | | paid. Can also include paid |
| Detroit | | While some companies raise their | | expenses in some accounting |
| Portland | | prices based on your actual age, | | systems. |
| Pompano Beach | | most companies increase the price of | | |
| Troy | | their policies six months before your | | Criticism: A correction suggested by a |
| Shreveport | | birthday. Its a term called Age | | rating or auditing bureau to an insurer. |
| Conroe | | Nearest in the industry, and that | | |
| Augusta | | half-year price increase could really | | American Risk and Insurance |
| Schenectady | | add up over a 20-year term policy. As | | Association: An association of |
| Union | | above, the quicker you purchase your | | insurance educators and others |
| Peoria | | policy the better. | | interested in insurance study and |
| Columbus | | | | research. |
| Schaumburg | | Why not take advantage of current | | |
| Trenton | | low prices? Many auto insurance | | Mandatory Valuation Reserve: A |
| Florence | | consumers are becoming educated | | reserve required by a state law to |
| Owensboro | | on other companies, plans, and rates | | offset any declines in the valuation of |
| Newport Beach | | that are available to them; ones that | | securities listed as admitted assets. |
| Yonkers | | could afford them significant savings | | |
| New Orleans | | on their auto insurance. | | Insolvent Insurer: An insurer which is |
| Los Angeles | | | | unable to meet its financial |
| Oceanside | | Shopping around is the best way to | | obligations. |
| Stuart | | save money on your insurance. | | |
| Cypress | | | | Short Rate Premium: The premium |
| Beaumont | | Healthy people have the best | | required for issuing a policy for a |
| Quincy | | mortality risks and thus are much | | period less than its normal term. |
| Bloomington | | cheaper for companies to insure. This | | |
| Jackson | | translates into lower rates for the | | Liquidity: The ability of an insurer to |
| Lubbock | | Super Preferred customer than | | convert its assets into cash to pay |
| Palo Alto | | someone with higher risk factors such | | claims if necessary. |
| Chesapeake | | as a heart condition, cancer or | | |
| Kalamazoo | | diabetes. Conversely, if you were | | |
| Tampa | | unhealthy when you acquired your | | |
| Long Beach | | policy, and your health has now | | |
| Roanoke | | improved, it might be time to shop for | | |
| Gainesville | | a new policy, as your rates are likely | | |
| Lincoln | | to be lower. | | |
