C1noun2K

UK/["/ˈpriːmiəm/"]/US/["/ˈpriːmiəm/"]/

Meaning of Premium

an amount of money that you pay once or regularly for an insurance policy

In simple words: Something that is of higher quality and costs more.

Premium in a sentence

  • He paid a higher premium for the comprehensive insurance plan.
  • The car insurance premium increased after his accident.
  • Subscribers must pay a monthly premium to access the streaming service.
  • The premium on the stock option was much higher due to market volatility.
  • She negotiated a premium for delivering the project earlier than the deadline.
  • The company offers a premium for employees who exceed their sales targets.

How to use Premium

Often used to describe products or services that are superior in quality. Suitable in marketing contexts, but may sound boastful if used excessively in casual conversation.

Grammar pattern

standalone adjective

Memory hint

Think of 'premium' like the first-class seat on a plane – you pay more for extra comfort.

Related words

Collocations with Premium

Synonyms for Premium

Opposites of Premium

Common mistakes with Premium

  • Confused with 'premiumize' (non-standard usage)
  • Using 'premier' when referring to quality instead of 'premium'
  • Saying 'the premium car' when it should be 'a premium car'

Compare Premium with Superior, Luxury, Exclusive

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Premium in other languages

More words like Premium

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Frequently asked questions about Premium

What does Premium mean?

Something that is of higher quality and costs more.

What is the definition of Premium?

an amount of money that you pay once or regularly for an insurance policy

How do you use Premium in a sentence?

He paid a higher premium for the comprehensive insurance plan.

Can you give another example of Premium?

The car insurance premium increased after his accident.

What are synonyms for Premium?

Common alternatives include superior, deluxe, high-end, luxury, exclusive.

What is the opposite of Premium?

Opposite meanings include basic, standard, inferior.

What words go with Premium?

It commonly pairs with annual, monthly, regular, pay, afford, keep up, go up, increase, rise, payment, rate, increase, premium for, premium on, hefty, high, small, pay, charge, place, at a premium, premium of, premium on.

What are common mistakes when using Premium?

Confused with 'premiumize' (non-standard usage) Using 'premier' when referring to quality instead of 'premium' Saying 'the premium car' when it should be 'a premium car'

How do you pronounce Premium?

US: /["/ˈpriːmiəm/"]/, UK: /["/ˈpriːmiəm/"]/. Listen to the audio above to hear native pronunciation.

When should I use Premium?

Often used to describe products or services that are superior in quality. Suitable in marketing contexts, but may sound boastful if used excessively in casual conversation.

What CEFR level is Premium?

"Premium" is at C1 level on the CEFR scale.