premium increase
Costlier coverage now
A premium increase is a rise in the amount paid for insurance coverage.
Policyholders receive notice when their health, auto, or homeowner's premiums go up, often annually: The premium increase hit seniors especially hard.
Increases may reflect higher costs, expanded coverage, or the insured party's claims history.
- surchargeExtra fee added
- sticker priceManufacturer's suggested retail amount
- markupAdded percentage for profit
- price spikeSharp cost increase
- deductibleOut-of-pocket threshold amount
rate adjustment · policy renewal · open enrollment · coverage · coverage gap · underwriting · actuarial · monthly payment · payment plan · annual fee · inflation · cost of living · rising costs · sticker shock · fine print · cancellation · claims · out-of-pocket
- price increasesrent hike, fare hike, tax hike, tariff hike, inflation
- insurance costsdeductible, copay, coinsurance, quote, estimate
- insurance termsfull coverage, deductibles, payout, quotes, umbrella policy
- costsdirect cost, fixed cost, variable cost, total cost, actual cost
- accident claimsaccident claim, car accident claim, damage claim, injury claim, liability claim
premium increaserate cut
Lowered borrowing cost
discount · rate reduction · price cut · rebate · cost savings
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