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
Buying Auto Insurance For Teen Drivers
Tips on insuring your teen driver.
Did You Know This Fact About Roof Safety?
A roof harness is essential if you're up on the roof making repairs.
The ABC’s of Auto Insurance
What kind of auto insurance should you have? Do you know?