What is a Premium?
Premium
[pree-mee-uh m]
noun
1.
A Premium is the payment made to the insurance company, either monthly or in a lump sum, to purchase insurance. The Premium does not include other costs like copays or deductibles.
Related Content
4 Tips for Adding Your Teen to Your Car Insurance
If your teen is approaching driving age, you may be preparing to add them to your car insurance. It’s important to be aware of these four things before you do so.
Did You Know This Fact About Trampolines?
Trampolines cause thousands of injuries per year.
What is a Policy?
Do you know what a Policy is?