insurance premium

USAGE SUMMARY

"insurance premium" is correct and usable in written English.
You can use it when referring to the amount of money you must pay for an insurance policy. For example: "My car insurance premium is due next month."

✓ Grammatically correct

News & Media

Science

Academia

Human-verified examples from authoritative sources

Exact Expressions

60 human-written examples

Bulgaria faces the problem of a large number of non-insured persons that do not pay insurance premium.

BMC Health Services Research

In addition, all employees must be insured for work-related disability; this additional NI insurance premium is paid by employers.

BMJ Open

How did it affect your insurance premium?

The New York Times

You must pay the applicable insurance premium.

University of California, Berkeley

§ 741.4 Insurance premium and one percent deposit.

Cornell University

The revised figures come from state unemployment insurance premium figures.

The New York Times

Employees pay some of their health insurance premium.

The New York Times

The semiannual $315 car insurance premium came due.

The New York Times

What's the insurance premium on a top presenter's genitals?

The Guardian - TV & Radio

Insurance premium tax to be raised to 9.5%.

The Guardian

The insurance premium would include reduction of greenhouse gases.

The New York Times - Science

Expert writing Tips

Best practice

When discussing insurance costs, use the term "insurance premium" to refer to the periodic payment required to maintain coverage. This term is widely understood and considered standard terminology.

Common error

Avoid using "insurance premium" interchangeably with terms like "deductible" or "coverage limit". "Insurance premium" specifically refers to the payment you make to maintain your insurance policy, while deductibles and coverage limits relate to how claims are handled.

Linguistic Context

The phrase "insurance premium" functions as a noun phrase, typically serving as the subject or object in a sentence. It denotes the payment required for insurance coverage. Ludwig AI confirms its correct usage.

Expression frequency: Very common

Frequent in

News & Media

43%

Science

35%

Academia

13%

Less common in

Formal & Business

3%

Wiki

3%

Reference

0%

Ludwig's WRAP-UP

In summary, "insurance premium" refers to the periodic payment made to maintain an insurance policy. As Ludwig AI confirms, its usage is grammatically correct and common across various contexts, including news, science, and academia. Key related phrases include "insurance rate" and "policy premium". Best practices involve using the term accurately to refer to payments, while avoiding confusion with other insurance-related terms such as deductibles. Common questions revolve around how premiums are determined and ways to potentially lower them. In all, "insurance premium" is a widely understood term essential for discussions about insurance coverage and costs.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

Policy premium

Clarifies that the premium is specifically related to an insurance policy.

Insurance rate

Focuses more generally on the cost of insurance, without necessarily implying a periodic payment.

Premium payment for insurance

Explicitly specifies that the premium is a payment made for insurance coverage.

Insurance plan cost

Highlights the cost associated with a specific insurance plan.

Cost of insurance coverage

Emphasizes the expense associated with having insurance protection.

Insurance coverage price

Focuses on the price of obtaining insurance coverage.

Insurance fee

Replaces "premium" with "fee", indicating a charge for insurance services.

Amount due for insurance

Emphasizes the outstanding amount that needs to be paid for insurance.

Insurance contribution

Suggests that the payment is a contribution towards the overall cost of the insurance.

Insurance installment

Refers to one of the periodic payments that make up the total premium.

FAQs

How is an "insurance premium" determined?

An "insurance premium" is calculated based on various factors including the type of coverage, the insured's risk profile, and the coverage amount. Insurers assess these factors to determine the appropriate premium to charge for providing coverage.

What factors can affect my "insurance premium"?

Factors such as age, location, driving history (for car insurance), health (for health insurance), and the value of insured assets can all influence your "insurance premium". Changes in these factors may result in premium adjustments.

Is there a difference between "insurance premium" and "insurance deductible"?

Yes, the "insurance premium" is the periodic payment you make to maintain insurance coverage, while the "insurance deductible" is the amount you pay out-of-pocket before your insurance coverage kicks in for a claim. They are distinct aspects of an insurance policy.

How can I lower my "insurance premium"?

You may be able to lower your "insurance premium" by increasing your "insurance deductible", bundling multiple insurance policies with the same provider, maintaining a good credit score, or taking advantage of available discounts.