noun
car insurance premium
The amount paid for automobile insurance coverage.
今年の自動車保険料は去年より高くなった。
This year's car insurance premium is higher than last year's.
自動車保険 refers to car insurance as a whole, while 自動車保険料 specifically means the premium paid for it.
Compound of 自動車 (automobile) + 保険 (insurance) + 料 (fee/charge).