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
What is a Producer?
Do you know what a Producer is?
The ABC’s of Auto Insurance
What kind of auto insurance should you have? Do you know?
Did You Know This Fact About Foggy Conditions?
Foggy conditions make driving more hazardous, but high beams aren't the answer.