I.
noun
1 extra value/price
ADJECTIVE
▪ hefty , high
▪
The company is charging a pretty hefty ~ for access to their network.
▪ small
▪ additional , extra
▪ price
VERB + PREMIUM
▪ pay
▪
Electricity companies pay a ~ for renewable energy.
▪ charge
▪ place , put
▪ command
▪ collect , earn , receive
PREPOSITION
▪ at a ~
▪
Good hotels are at a ~ (= difficult to obtain and therefore expensive) .
▪ ~ of
▪
bought at a ~ of 40% above the current market price
▪ ~ on
▪
The company places a high ~ on customer loyalty.
2 payment for insurance
ADJECTIVE
▪ annual , monthly , regular ( esp. BrE )
▪ high , low , small
▪
Intense competition has kept ~s low.
▪ insurance
▪ risk
▪
There's a risk ~ of probably $10 a barrel built into oil prices.
▪ equity
▪
equity risk ~s
▪ health-care ( esp. AmE ), health-insurance
▪ malpractice ( esp. AmE )
▪
the rising cost of medical malpractice insurance ~s
VERB + PREMIUM
▪ pay
▪ afford
▪ keep up
▪
We're struggling to keep up our ~s.
▪ increase , raise
▪
The insurance company has increased our ~s.
▪ cut , lower , reduce
PREMIUM + VERB
▪ go up , increase , rise
▪
My insurance ~s increase each year.
▪ fall , go down
▪ cost sth
▪
The additional ~ costs $1 800 a year.
PREMIUM + NOUN
▪ payment , rate
▪ increase
PREPOSITION
▪ ~ for
▪
the ~s for your pension plan
▪ ~ on
▪
Premiums on many cars will go up this year.
II.
adj.
Premium is used with these nouns: ↑ brand , ↑ product , ↑ service