- An insurance premium is the amount of money that an individual or legal entity must pay for an insurance policy.
- Premiums are paid for policies that cover health, auto, home and life insurance.
- Failure to pay the insurance premium by an individual or entity may result in cancellation of the policy and loss of insurance coverage.
- Some premiums are paid quarterly, monthly or semi-annually depending on the policy.
- Search for insurance can help you find affordable insurance premiums.