asked 126k views
0 votes
Periodic payments for car insurance are known as _____.

A.

bills








B.

premiums








C.

payments








D.

liabilities

asked
User Mfink
by
7.4k points

2 Answers

6 votes

The answer is premiums

answered
User Deepak Lohmod
by
7.9k points
4 votes

Answer:

B) premiums

Step-by-step explanation:

An insurance premium can be defined as the amount of money an insured individual must pay to the insurance company in order to be covered by the policy. Depending on the type of insurance and the payment schedule chosen by the client, premiums may be paid monthly, bi-annually, or annually.

Usually car insurance companies charge annual premiums, but they also offer monthly premiums.

answered
User Ganapathy C
by
8.4k points

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