• 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.