The premium is the amount that an insurance company will charge you in exchange for your policy’s financial protection.
You can pay once a year, every six months, or every month.
Try a few different companies or a broker who can shop for you to get a lower premium.
Get at least three estimates to determine which company can offer you the best rate. The rates will vary based on the insurance company’s underwriting and the way claims are handled.
Your lender will add their own insurance to your vehicle or home and charge you for it if you don’t renew it. It’s a bad idea to do this. The cost of lender insurance is higher than the cost of an individual policy.
Discounts may be offered by some businesses in an effort to attract particular kinds of customers. Your rate will be determined by how well your profile matches the insurer’s profile.
