Car Insurance >> Dictionary

Listed below are general car insurance-related terminologies and their meanings. Click on the alphabet to view the list of terms starting with that letter.
 
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  • Yearly premium : The amount you are required to pay an insurance company to insure your car. The amount is inclusive of IPT (insurance premium tax). It may happen that the total yearly amount you are required to pay for a year is higher than the yearly premium quoted by the insurer. This may be due to extra fees charged by the insurer.