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These are two completely different terms. Premium is the annual dollar amount you pay for coverage. "Premier" is a term used by an insurance agency to make the coverage look more sophisticated than it really is.
The premium is the insurance premium that paid be the insured in corresponding to the insurance coverage or contract.which is sum of money that determined by the insurance company's underwriter after risk assessment .
the term premier unclear to me . however I expect that may refers to the insured how paid the insurance premium.
Thanking you.
Premium is an amount to be paid for an insurance policy.
Premier is a term used by an insurance agency to offer a special services, coverages, prices ...ETC.
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