Auto Insurance

What is a premium?

A premium is the amount of money you are charged for insurance coverage. Usually this is in terms of a regular monthly payment for service, and depends on a number of variables, including:

*The extensiveness of your coverage. The more complete your coverage, the more you can expect to pay in premiums. *The size of your deductible. Generally speaking, the higher your deductible is, the lower your premium is, and vice versa. *Your driving history. If you have been in a number of costly accidents, the premiums will likely be higher.

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