annual premium
Insurance's yearly cost
An annual premium is the amount paid once per year to maintain an insurance policy.
Unlike monthly or quarterly payments, the annual premium covers twelve months in a single sum: The annual premium for my car insurance runs about eight hundred dollars.
Insurers often offer discounts for paying annually rather than in installments.
- yearlyOnce per annum
- monthly paymentRecurring scheduled remittance
- insuranceContractual risk coverage
- life insuranceContract paying upon death
- health coverageProtection against medical costs
payment · subscription · renewal · policy · coverage · out of pocket · dues · installment · pay in full · billing · cost · fee · flat rate · quote · deductible · underwriting · policyholder · rate
annual premiummonthly premium
Regular payment for coverage
monthly installments · monthly payments · daily rate · one-time payment · pay-as-you-go
annual premiuminstallment plan
Periodic payment arrangement
payment plan · split payments · periodic payments · pay-as-you-go
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