• zewm@lemmy.worldEnglish
    3·
    21 hours ago

    It’s $2 vs $5 if you pay with bank.

    $5 here is the premium price and $2 is the discounted price.

      • zewm@lemmy.worldEnglish
        1·
        21 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.worldEnglish
          3·
          21 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.worldEnglish
            3·
            21 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.