Meaning & use
premium
An amount of money paid regularly for an insurance policy or similar contract.
See it in a sentence
Her car insurance premium increased after the accident last winter.
Paying the annual premium in one lump sum saved them a small fee.
A note on using this word
The phrase 'at a premium' means something is scarce and therefore especially valuable or costly.
Words with a similar meaning
feecharge
Choose a synonym to suit the sentence. Meanings can overlap without being identical.
Another way to use it
2. adjective
Of higher quality than usual, and typically priced accordingly.
The airline offers a premium seating option with extra legroom.
Make it your own
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