• zewm@lemmy.world
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      4 hours ago

      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.

      • Victor@lemmy.world
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        3 hours ago

        Still doesn’t explain what “premium” means. English isn’t my first language. 😁

        Don’t worry about it, I’ll look it up. 👍

        • zewm@lemmy.world
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          3 hours ago

          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.