Inklingo

How to Say "premium" in Spanish

The most common Spanish word for “premium” is “premio” — use 'premio' when referring to the large sum of money received as a prize, especially in a lottery or competition.

English → Spanish

premio

PREH-mee-ohˈpɾe.mjo

nounB2general
Use 'premio' when referring to the large sum of money received as a prize, especially in a lottery or competition.
A small stack of colorful paper money next to a miniature house protected by a large, open umbrella.

Examples

El premio gordo de la lotería de Navidad es enorme este año.

The Christmas lottery jackpot is huge this year.

El premio del seguro de vida se paga trimestralmente.

The life insurance premium is paid quarterly.

Insurance Terminology

In insurance, 'premio' refers to the amount you pay regularly for coverage. Note that 'prima' is also very common for this meaning.

primo

PREE-mohˈpɾimo

nounC1formal
Use 'primo' specifically for the regular payment made for an insurance policy.
A person's hand depositing a shiny gold coin into the slot of a sturdy, simple wooden box.

Examples

El pago del primo del seguro vence a fin de mes.

The insurance premium payment is due at the end of the month.

Recibió un primo por su excelente desempeño.

He received a bonus for his excellent performance.

Financial Context

In financial language, 'primo' refers to the regular payment made for an insurance policy. It's usually found alongside words like 'seguro' (insurance).

Confusing Prize Money with Insurance Payments

Learners often confuse 'premio' and 'primo' because both can relate to money. Remember that 'premio' is for winning or receiving a prize, while 'primo' is the specific term for an insurance payment.

Related Translations

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