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
Real Talk About Insuring Your Kid’s First Car
Learn real-life realities and strategies for insuring your kid’s first car without breaking the bank.
Preparing for the Expected
You can plan ahead to protect yourself and your family against the financial consequences of deteriorating health.
How Insurance Deductibles Work
Knowing how insurance deductibles work can help you save money.