premium
165
4.6
- noun
- /ˈpriːmiəm/
- Specialized
:
prima (de seguro)
- Did you remember to send in our auto premium?
- insurance premium
- pay premiums
- health insurance premiums
They could adjust your premiums in real time.
- They could adjust your premiums in real time.
- Everyone with the same insurer pays the same premium, regardless of age and health status.
- So deductibles are owed in addition to these monthly premiums, and it is an and not an OR.
Examples
-
Your insurance premiums are going up!
-
Currently, the PBGC charges a basic premium equal to $16 per year, per participant.
Academic text (1990) -
Or even if you have it, it might be your choice not to pay the premium for this house.
-
For the last two years, the premium was paid via check... from your brother's bank account.
-
You have a right to expect service for the premiums you pay.
Fiction book (1990) -
Lower your premiums by $2,500 per family per year.
-
Now that that's open, we better make sure that our insurance premiums are paid up, too.
-
The policy lapsed due to non-payment of premiums.
-
She decided to lower her premium to save money on her insurance.
-
The premium for comprehensive coverage is due at the beginning of each year.
Synonyms
33
3.9
Regular payment you make to a company to keep your cover for loss and damage
Compounds
33
3.9
Regular payment you make to a company to keep your cover for loss and damage
1
4.0
A bank account that gives extra services and benefits for a fee or for customers who meet requirements
- UK
A government savings plan that pays no interest but gives a chance to win money in monthly draws
How Much
Surface Forms
Etymology
Premium comes from the Latin praemium, meaning 'reward' or 'prize', and in insurance it became the regular payment you give for protection, so an insurance premium is the fee you pay to keep cover.