Periodic payments for car insurance are known as

a.

bills

b.

premiums

c.

payments

d.

liabilities

B) premiums

Explanation:

An insurance premium can be defined as the amount of money an insured individual must pay to the insurance company in order to be covered by the policy. Depending on the type of insurance and the payment schedule chosen by the client, premiums may be paid monthly, bi-annually, or annually.

Usually car insurance companies charge annual premiums, but they also offer monthly premiums.