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
How to Read Your Credit Report
Solve a mystery while learning how important your credit report is with this story-driven interactive.
Combine Your Policies and Save
Some things just make perfect sense in pairs.
To Catch a Thief
Having your identity stolen may result in financial loss plus the cost of trying to restore your good name.