insurance

What is a premium?

 

What is a premium?

The Bankrate.com financial term of the day is: "Premium."

If you want insurance, it's going to cost you. How much? The simple answer is: a premium. That means the amount charged for insurance. Your premium will be based on a variety of factors, which might include: the amount of coverage you want; the type of area where you live, be it urban or rural; whether you're married or unmarried; your credit record; and even your age.

Insurance coverage comes at a price -- and that price is called a premium.

To shop for insurance to fit your family's needs, visit the Insurance section at Bankrate.com.

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