Cheap Auto Quote, Common Auto Insurance Terms Starting with the Letter S
Surcharge: A surcharge is an extra charge added to your premium by an insurance company. For automobile insurance, a surcharge is usually added if you have at-fault accidents.
Surplus lines: Surplus liens is coverage from out-of-state companies not licensed in the state you are in, but legally eligible to sell insurance on a “surplus lines” basis. Surplus lines companies generally charge more than licensed companies and often offer less coverage.