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
Gap Insurance for Leased Cars
If you’re thinking of leasing a new car, then you shouldn’t forget about gap insurance.
Did You Know This Fact About Parking in a Garage?
Save money by parking your car in your garage.
Did You Know This Fact About Older Vehicles?
Did you know you have coverage options on older vehicles?