Insurance Glossary
Premium
What is premium?
Your premium is the price of your cover, most often paid monthly. It is based on your risk — the car, where you live, your age and driving record, the cover level and your excess.
Example
Increasing your excess or fitting a tracker can lower your monthly premium.
Related insurance terms
Ready to compare cover?
Now that you know the lingo, get a free quote and see how much you could save.
Get a Quote Now