Premium (Insurance)
InsuranceThe amount you pay monthly, quarterly, or annually for insurance coverage, regardless of whether you use the benefits.
Example
Example: When shopping for coverage, understanding premium (insurance) helps you avoid overpaying or being underinsured. For a family of four, the difference between plans that handle premium (insurance) differently can mean $2,000-$5,000/year in out-of-pocket costs. Compare plans with our insurance comparison calculator.