premium cost

USAGE SUMMARY

The phrase "premium cost" is correct and usable in written English. You can use it when referring to a higher price associated with a product or service that offers additional value or quality. For example, "The premium cost of the new smartphone reflects its advanced features." Alternative expressions include "higher price" and "additional charge."

✓ Grammatically correct

News & Media

Science

Academia

Formal & Business

Human-verified examples from authoritative sources

Exact Expressions

57 human-written examples

The federal government reimburses employers or health plans for 65 percent of the premium cost.

The New York Times

At one Union 76 station, a gallon of full-serve premium cost $5.299.

The New York Times

Employees typically pay about 25percentt of the premium cost, or $3,340.

The Washington Post

Inflation protection can increase the premium cost by as much as one-third.

The New York Times

Families earning more would have to pay part or all of the premium cost.

The New York Times

Employers typically ask workers to pay some share of the overall premium cost out of their paychecks.

The New York Times

WHAT THE COMPANY PAYS The company bears the entire premium cost for its workforce, $472 a month per employee.

The New York Times

* The elimination of an additional premium cost for prescription coverage and increased financing of dental and eyeglass benefits.

The New York Times

Human-verified similar examples from authoritative sources

Similar Expressions

3 human-written examples

"We suspect CBS is trying to build a more formidable present on the Web," Bazinet said, "but the key CBS challenge will be sustaining premium cost-per-thousands," a common Web metric for advertising impressions.

Forbes

"We suspect CBS is trying to build a more formidable presence on the Web," Bazinet said, "but the key CBS challenge will be sustaining premium cost-per-thousands," a common Web metric for advertising impressions.

Forbes

Forgoing dental care for economic reasons was independently associated with lower income, younger age, female gender, current smoking, having dependent children, divorced status and not living with a partner, not having a supplementary health insurance, and receipt of a health insurance premium cost-subsidy.

BMC Oral Health

Expert writing Tips

Best practice

In general business contexts, ensure that "premium cost" refers to the higher expenditure required for superior quality or service.

Common error

While "premium cost" refers to the total amount paid for a premium service or insurance, "cost premium" is often used in technical fields to describe the incremental percentage or ratio difference between two options. Ensure you are not using them interchangeably in economic reports.

Linguistic Context

In a sentence, "premium cost" typically functions as a noun phrase. According to Ludwig AI, it frequently serves as the direct object of a verb or the subject of a clause, especially when quantifying financial obligations or comparing different service tiers.

Expression frequency: Very common

Frequent in

News & Media

45%

Science

25%

Academia

20%

Less common in

Wiki

5%

Social Media

3%

Reference

2%

Ludwig's WRAP-UP

The phrase "premium cost" is a highly effective and versatile term in the English language, particularly within the realms of finance, insurance and high-end consumer goods. Data from Ludwig AI shows that it is a preferred choice for professional writers when they need to specify the price tag of superior options or the recurring expenses of insurance coverage. Its high frequency in authoritative sources like The New York Times and Forbes confirms its reliability. While it is almost always used correctly as a standard noun phrase, writers should be mindful of the subtle difference between this and a technical "cost premium". Overall, it is a stable, precise and professional expression for any discussion regarding elevated costs or insurance-related financial discussions.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

premium price

Shifts the focus from the internal cost incurred to the external price tag presented to the consumer

insurance premium

Specifies the nature of the cost as a payment for an insurance policy

additional expense

Generalizes the term to refer to any extra spending beyond a standard amount

added cost

Simplifies the expression to highlight the incremental nature of the expenditure

premium rate

Refers to the cost calculated as a ratio or a fixed percentage over time

higher price point

Uses more formal marketing jargon to describe an upscale positioning

surcharge

Specifically refers to an extra fee added to the base cost

extra charge

A more informal way to describe a cost that exceeds the standard price

cost premium

Commonly used in technical or comparative analysis to denote the percentage difference in cost

price premium

Refers to the extra amount a consumer is willing to pay for a brand compared to alternatives

FAQs

What does "premium cost" mean?

The phrase "premium cost" usually refers to the total price paid for a high-quality product or the recurring payment for an insurance policy. You might also consider using "premium price" depending on whether you are focusing on the expense or the retail value.

Is "premium cost" grammatically correct?

Yes, it is a standard noun phrase where "premium" acts as an attributive adjective modifying the noun "cost". It is widely used in reputable sources like The New York Times and academic papers.

Can I use "premium cost" and "insurance premium" interchangeably?

In many contexts, yes. However, "insurance premium" is more specific to the insurance industry, while "premium cost" can apply to any upscale service or product.

How do I use "premium cost" in a sentence?

You can use it as a subject or object, for example: "The "premium cost" of the new plan was offset by its extensive coverage benefits." Alternatively, you could use "added cost" to emphasize the extra payment.