Meaning of the word "insurance premium" in English
What does "insurance premium" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
insurance premium
US /ˈɪn.ʃʊr.əns ˈpriː.mi.əm/
UK /ˈɪn.ʃʊər.əns ˈpriː.mi.əm/
Noun
the amount of money that you pay to an insurance company for a policy
Example:
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My car insurance premium went up this year.
•
She pays a high insurance premium for her valuable jewelry.
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