monthly premium
Insurance installment cost
A monthly premium is a recurring payment made each month to maintain an insurance policy or subscription service.
In insurance contexts, it's the amount you pay to keep coverage active: My monthly premium for health insurance is $450.
The term appears in discussions of healthcare, auto insurance, and streaming services.
Failing to pay results in lapsed coverage or canceled access.
- subscriptionPaid recurring access
- insuranceContractual risk coverage
- health insuranceProtection against medical costs
- paymentFulfilling a financial obligation
- automatic paymentPre-authorized recurring charge
dues · fee · coverage · coverage plan · deductible · out of pocket · policy · fine print · billing · renewal · open enrollment · recurring · autopay · health · plan · copay · rate · cost
- life insuranceterm life, whole life, life insurance, beneficiary, death benefit
- health insurancedeductible, copay, coverage, health insurance card, copayment
- insurance costsdeductible, copay, coinsurance, quote, estimate
- insurance termsfull coverage, deductibles, payout, quotes, umbrella policy
- property insurancehome insurance, renters insurance, building insurance, fire insurance, flood insurance
- extra costssurcharge, markup, upgrade fee, service charge, deductible
monthly premiumone-time payment
Full amount paid once
lump sum · single payment · upfront payment · one-time fee · full payment
monthly premiummonthly payout
Scheduled recurring payment
monthly benefit · insurance payout · reimbursement · death benefit · dividend
month, premium, months, monthly, premiums, menstrual, menstruate, menses