Crossword Genius

More expensive insurance payment? (7)

Ross

I believe the answer is:

premium

I'm a little stuck... Click here to teach me more about this clue!

This clue might be a double definition.

'more expensive' is the first definition.
'premium' can be an answer for 'expensive' (thesaurus). I am not sure about the 'more' bit.

'insurance payment?' is the second definition.
(I've seen this before)

Can you help me to learn more?

(Other definitions for premium that I've seen before include "Extra cost of something in short supply" , "Reward - payment for insurance" , "Great value - bonus" , "Superior; amount paid for insurance" , "Insurance charge" .)

I've seen this clue in The Times.
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