double premium

USAGE SUMMARY

The phrase "double premium" is correct and usable in written English.
It can be used in contexts related to finance, insurance, or rewards, typically referring to a situation where a premium is paid twice or where a premium is significantly higher than usual. Example: "Due to the increased risk, the insurance policy now requires a double premium for coverage."

✓ Grammatically correct

News & Media

Formal & Business

Wiki

Human-verified examples from authoritative sources

Exact Expressions

3 human-written examples

"You get a double premium — for the size and for the view.

The New York Times

Even in the debased local currency, the share price of Sydney-listed Southcorp is depressed, in part because a just-completed $90 million campaign to double premium red wine output has temporarily squeezed earnings.

Forbes

Even in the debased local currency, the share price of the Sydney-listed Southcorp is depressed, in part because a just-completed $90 million campaign to double premium red wine output has temporarily squeezed earnings.

Forbes

Human-verified similar examples from authoritative sources

Similar Expressions

57 human-written examples

By contrast, the bill Lee voted for H.R. 3762 would double premiums by 2026, by repealing Obamacare's insurance subsidies while keeping the law's regulations in place.

Forbes

You want to be meticulous in your identification of home business assets in order to avoid paying double premiums.

WikiHow

All 51 rooms are en suite, including 18 doubles – the premium doubles have king-size beds, sea views and rolltop baths.

The Guardian - Travel

The FDIC has more than doubled premiums in the last two years.

Harvard Business Review

In Harrisburg, the state capital, Democratic legislators proposed to keep the program alive by seeking $25 million each from the Blues and the state, and by nearly doubling premiums.

The New York Times - Health

It has a dominant for-profit insurance carrier, Anthem Blue Cross and Blue Shield in Maine, which has roughly doubled premiums in the last five years and recently appealed in court to get even higher rates.

The New York Times - Health

And just one claim, settled or not, can almost double a premium.

The New York Times

That is more than double the premium they paid last January.

The New York Times

Expert writing Tips

Best practice

When discussing costs, clarify the base premium before mentioning the "double premium" to provide context for the increase.

Common error

Avoid using "double premium" without clearly stating what the original premium was. Otherwise, the statement lacks a reference point and can be confusing.

Linguistic Context

The phrase "double premium" primarily functions as a noun phrase, often acting as an object or complement within a sentence. It describes a situation where the standard or expected premium amount is doubled. Ludwig AI confirms its usability in various contexts.

Expression frequency: Rare

Frequent in

News & Media

66%

Formal & Business

33%

Wiki

1%

Less common in

Science

0%

Encyclopedias

0%

Reference

0%

Ludwig's WRAP-UP

In summary, the phrase "double premium" is a grammatically sound noun phrase used to denote a cost or value that is twice the original amount. Ludwig AI indicates that the expression is correct and usable in financial, insurance, and real estate contexts. While primarily neutral to professional in register, it's essential to provide context regarding the base premium to avoid ambiguity. Alternative phrases like "increased premium" or "twice the premium" can offer further clarity depending on the situation.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

increased premium

Replaces "double" with "increased", focusing on the augmented amount.

twice the premium

Uses a more explicit quantifier to indicate the doubling.

premium surcharge

Emphasizes the additional charge applied to the standard premium.

elevated premium

Focuses on the higher level of the premium compared to the original.

additional premium

Highlights that the premium is on top of an existing one.

higher premium rate

Specifies that the premium is a rate and that this rate is higher.

premium markup

Highlights the increase in the premium.

compounded premium

Indicates the premium has been combined with another value increasing the cost.

premium multiplier

Suggests the premium is a result of multiplying the base premium.

inflated premium

Focuses on the premium cost being higher than it should be.

FAQs

How can I use "double premium" in a sentence?

You can use "double premium" to indicate that a cost or value has been duplicated. For instance, "Due to the high risk, the insurance company charged a "double premium" for the policy."

What's the difference between "double premium" and "increased premium"?

"Double premium" specifically means the premium is twice the original amount, while "increased premium" simply means the premium is higher, without specifying by how much.

Are there situations where using "twice the premium" is better than "double premium"?

Yes, "twice the premium" may be clearer when emphasizing the direct multiplication, whereas "double premium" can sometimes be interpreted as simply a significantly higher cost.

What are some other ways to describe a premium that is significantly higher than expected?

Besides "double premium", you could use phrases like "premium surcharge", "elevated premium", or "inflated premium" depending on the specific context.