premium discount


A discount given to policyholders that pay premiums for one year in advance. This term can also refer to a discount given in some states to holders of workers compensation or general liability policies. This discount is given because of the reduced expense incurred by the insurer on smaller policies.

Related Videos

Have a question about premium discount? Ask for help in the
advertise here

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z