A premium is a sum of money that you pay regularly to an insurance company for an insurance policy.

A premium is a sum of money that you have to pay for something in addition to the normal cost.

Premium goods are of a higher than usual quality and are often expensive.

If something is at a premium, it is wanted or needed, but is difficult to get or achieve.

If you buy or sell something at a premium, you buy or sell it at a higher price than usual, for example because it is in short supply.

If you place a high premium on a quality or characteristic or put a high premium on it, you regard it as very important.