Woodrow Neyman: The premium is the total cost of your coverage. You pay monthly installments.Premium - The price of insurance protection for a specified risk for a specified period of time.
Dalia Causby: I work in insurance, the premium is how much you pay monthly.
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Jorge Detlefs: Look up premium
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Sammy Kar: An Insurance Premium is the amount quoted for 1 yrs cover.When the monthly payment option is taken the price is more in some cases 40%APR,being a loan on money they loan to you to pay the Premium.The reason they offer this service to extract the last penny from you.On Young Driver policies from Internet agents (Not Direct) it is not unknown for the agent to put 40% on the actual premium.Think our ins agent above needs to go back to school.
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