Definition of Premium

an amount to be paid for an insurance policy

Examples of Premium in a sentence

The woman’s life insurance policy was cancelled after she forgot to pay her premium.  🔊

My job offers two health insurance policies, but both have the same two-hundred dollar a month premium.  🔊

After receiving two speeding tickets, Anne’s car insurance payments increased.  🔊

If you purchase your car insurance policy in full instead of paying monthly, the premium will be several hundred dollars cheaper.  🔊

Because he smokes, John’s life insurance premium is much higher than the price a nonsmoker would pay for the same property.  🔊

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