What is another word for insurance premium?
Pronunciation: [ɪnʃˈʊ͡əɹəns pɹˈiːmi͡əm] (IPA) 
Insurance premium is the amount you pay for coverage, but it can go by other names. One common synonym for insurance premium is the insurance rate, which is the cost per unit of coverage. Another synonym for insurance premium is the insurance policy cost, which refers to the overall cost of an insurance policy, including the premium and any additional fees. Additionally, some insurance providers may use the term insurance fee or insurance charge interchangeably with premium. No matter the name, it's important to understand your insurance costs to ensure you have the proper coverage and can maintain it.
