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Explain again how I’m saving on my premium? 🤔
It’s $2 vs $5 if you pay with bank.
$5 here is the premium price and $2 is the discounted price.
Maybe I’m just confused by what the word “premium” means.
Every time you make a payment you will be either
$2 with your bank $5 with other payment methods
Over a year this will result in the paying
$24 with your bank $60 with other payment methods
The increase to your premium over 1 year will be $36 by using a non bank method.
Still doesn’t explain what “premium” means. English isn’t my first language. 😁
Don’t worry about it, I’ll look it up. 👍
The premium is what you pay to the insurance company.
The monthly payment. Or some cases you pay by quarter, half or full year at a time.