The share of costs you pay after meeting your deductible, expressed as a percentage. It splits expenses between you and your insurer to keep payments fair.
What to consider
Review premium costs regularly.
Consider the value provided by your policy premium.
Compare premiums with benefits offered.
Real world scenarios
Every month, Sarah paid a policy premium to keep her insurance active.
John’s direct debit ensured his policy premium was paid on time.
Linda reviewed her policy premium details to compare with similar plans.