Get, Compare and Save Now!
Find the cheapest auto insurance quote online and get covered for less.
Basics

What Is Auto Insurance Premium?

warning road sign with question

The auto insurance premium refers to the price of the insurance, the amount that you will have to pay in exchange for the protection provided with the policy. A premium has to be paid upon each renewal, or your policy will lapse after a grace period.

Most common agreements ask for premiums to be paid once or twice a year but, depending on your needs and the insurer’s terms, other arrangements may be available.

fast, easy & free no obligation quotes