Premium SSD v2 vs Premium SSD: which one costs less?

Fixed size tiers against capacity, IOPS and throughput charged apart, worked through at East US list prices.

Published 1 November 2026 · By Sheldon Julius (opens in a new tab), Sales engineer, Zoorik · Published by Zoorik

Premium SSD v2 vs Premium SSD: Premium SSD’s size tier leaves space paid for, unused, while v2 ends at the data

Short answer. In the Premium SSD v2 vs Premium SSD choice, v2 usually costs less for the same data: it charges per GiB, not per size tier. At East US list prices in October 2026, 512 GiB costs $41.11 a month on v2 and $73.22 on Premium SSD.

Premium SSD charges a size tier, and v2 charges each GiB

Picture a data disk that needs 600 GiB. Premium SSD charges it as a P30, the 1,024 GiB tier, at $135.17 a month in East US. On v2 you pay for the 600 GiB alone: $48.18 a month.

A 600 GiB disk pays for 1,024 GiB on Premium SSD Two bars on one scale from 0 to 1,024 GiB, with a dashed line at 512 GiB labelled P20 ends at 512 GiB. Premium SSD: a bar to 1,024 GiB, its first 600 GiB violet and labelled 600 GiB needed, the other 424 GiB amber and labelled 424 GiB paid for, unused. A highlighted bracket over the whole bar reads charged as a P30: $135.17 a month. Premium SSD v2: a violet bar to 600 GiB, labelled 600 GiB needed, with a highlighted bracket over it reading charged per GiB: $48.18 a month, and the note 3,000 IOPS and 125 MB/s included. A 600 GiB disk pays for 1,024 GiB on Premium SSD P20 ends at 512 GiBcharged as a P30: $135.17 a monthPremium SSD600 GiB needed424 GiB paid for, unusedcharged per GiB: $48.18 a monthPremium SSD v2600 GiB needed3,000 IOPS and 125 MB/s included01,024GiB
One data disk that needs 600 GiB, at East US list prices, October 2026.

Microsoft’s docs list five managed disk types, and “Premium SSD v1” isn’t one. The older type is simply Premium SSD, so Azure Premium SSD v2 vs v1 is this same comparison.

Each Premium SSD tier, P1 to P80, is a fixed size from 4 GiB to 32,767 GiB, with fixed performance to match. Azure rounds your provisioned size up to the nearest size tier and charges for that tier. That’s how 600 GiB becomes a P30.

A P20 (512 GiB) gets 2,300 IOPS (input/output operations per second) and 150 MB/s, whether your workload uses them or not. A higher performance tier raises a disk’s baseline performance, at that tier’s fixed price.

Premium SSD v2 has no tiers. You choose capacity from 1 GiB to 64 TiB, in 1 GiB steps. Then you set IOPS and throughput on their own.

Every v2 disk includes 3,000 IOPS and 125 MB/s free of charge. Going above either raises the price. You can change a disk’s performance four times in 24 hours, and creating the disk counts as one of the four.

Premium SSD v2 vs Premium SSD pricing: v2 usually costs less for the same data

Every Azure Premium SSD vs Premium SSD v2 pricing figure here is a pay-as-you-go list price. Each is for East US with locally redundant storage (LRS), from Microsoft’s Azure Retail Prices API in October 2026.

Prices differ by region and change over time, so check yours on the managed disks pricing page. The Azure disk pricing calculator prices a Premium SSD from its size and shows what its empty space costs.

What v2 charges for each meter

Premium SSD v2 charges three meters by the hour:

  • Capacity: $0.00011 per GiB.
  • IOPS: $0.000007 per IOPS above 3,000.
  • Throughput: $0.000055 per MB/s above 125 MB/s.

Over a 730-hour month, that’s $0.0803 per GiB, about half a cent per extra IOPS and 4 cents per extra MB/s.

The three meters add up like this:

  • Capacity: 600 × $0.0803 = $48.18.
  • IOPS: 2,000 extra × $0.000007 × 730 = $10.22.
  • Throughput: 75 extra MB/s × $0.000055 × 730 = $3.01.

Three more cases:

  • One 512 GiB disk: a P20 costs $73.22 a month for 2,300 IOPS and 150 MB/s. A 512 GiB v2 disk costs $41.11 at its included 3,000 IOPS and 125 MB/s. With throughput raised to 150 MB/s, it costs $42.12, 42% less for more IOPS.
  • Four 512 GiB data disks: four P20s cost $292.88 a month. The same 2,048 GiB on v2 costs $164.45 at the included performance, 44% less.
  • The largest tier: a full P80 costs $3,604.11 a month for 32,767 GiB, 20,000 IOPS and 900 MB/s. Matching that size and performance, v2 costs $2,749.18, 24% less.

The gap is widest where Premium SSD rounds up, and narrowest on big disks that use their whole tier.

v2 costs less in all four cases, most where Premium SSD rounds up Four rows on one scale from 0% to 100% of the Premium SSD price. In each row a muted outline runs to 100% for the Premium SSD price, an amber fill runs to v2's price as a share of it, and a highlighted dimension line spans the gap, labelled at the right. 600 GiB, charged as a P30: $61.41 of $135.17, 55% less. Four 512 GiB disks: $164.45 of $292.88, 44% less. One 512 GiB disk: $42.12 of $73.22, 42% less. One full P80: $2,749.18 of $3,604.11, 24% less. v2 costs less in all four cases, most where Premium SSD rounds up Premium SSD v2 pricePremium SSD price = 100%how much less v2 costs600 GiB, charged as a P30$61.41 of $135.1755% lessFour 512 GiB disks$164.45 of $292.8844% lessOne 512 GiB disk$42.12 of $73.2242% lessOne full P80$2,749.18 of $3,604.1124% less0%50%100%
v2’s monthly list price as a share of Premium SSD’s in the four cases above, East US, October 2026.

Why v2 costs less per GiB

The v2 rate of $0.0803 per GiB sits below every full Premium SSD tier. Those cost between $0.110 (P70 and P80) and $0.165 (P4) per GiB a month. And v2 never rounds up.

A v2 disk’s free 3,000 IOPS already exceed the baseline of every tier up to P20. You pay for extra IOPS and throughput only while you’ve raised them. Microsoft’s own summary is that Premium SSD v2 offers higher performance than Premium SSD “while also generally being less costly.”

Growth shows the difference most. A Premium SSD that outgrows 512 GiB jumps from a P20 at $73.22 to a P30 at $135.17. A v2 disk grows by the GiB.

Disk type is one way to reduce disk cost. Azure disk cost optimization covers the others.

Bursting and reservations narrow the gap only a little

Both features exist on the Premium SSD side only.

With bursting, P20 and smaller disks can reach 3,500 IOPS and 170 MB/s for up to 30 minutes. Premium SSD v2 doesn’t burst. Holding that level all month on a 512 GiB v2 disk costs $45.48, still 38% under the P20.

Only on-demand bursting, which you enable yourself on disks larger than 512 GiB, adds a flat enablement fee plus burst transaction charges.

Disk reservations give a one-year discount on P30 to P80. Microsoft lists Premium SSD v2 among the disks they don’t cover.

The Retail Prices API lists a one-year P30 reservation at $1,541 for the term. That’s about 5% under twelve months at the pay-as-you-go rate. On v2, 1,024 GiB with the P30’s 5,000 IOPS and 200 MB/s comes to $1,145.50 a year with no commitment.

Premium SSD is still the right disk for OS disks, host caching and ZRS

In the Premium SSD vs SSD v2 decision, the list price rarely points to Premium SSD. The limits of v2 decide it.

What you decide onPremium SSDPremium SSD v2
What you pay for
The size tier the disk rounds up to, P1 to P80 (4 GiB to 32,767 GiB)
Each GiB (1 GiB to 64 TiB), plus IOPS above 3,000 and throughput above 125 MB/s
Performance
Set by the tier, up to 20,000 IOPS and 900 MB/s
Set by you, up to 80,000 IOPS and 2,000 MB/s
512 GiB in East US, Oct 2026
$73.22 a month (P20)
$41.11 a month at 3,000 IOPS and 125 MB/s
OS disk
Yes
No, data disks only
Host caching
Yes
Not supported
Zone-redundant storage (ZRS)
Available
Not supported
Which VMs it attaches to
VM sizes that support Premium storage
VM sizes that support Premium storage, and only zonal VMs in most regions with availability zones
Bursting
P20 and smaller burst for up to 30 minutes, larger disks with on-demand bursting
None
Reservations
One year, P30 to P80
Not available
Changing type later
Switch directly to Standard SSD, Standard HDD or Premium SSD v2
Migrate with snapshots

An OS disk can’t be v2, and neither can a disk used with Azure Compute Gallery. A workload tuned around host caching loses it. ZRS, which replicates a disk synchronously across three availability zones, has no v2 option.

In most regions with availability zones, v2 attaches only to zonal virtual machines (VMs). So a VM deployed without a zone can’t take it there. East US is one of those regions: it’s on the zonal list and not the nonzonal one.

Region coverage changes, so check yours before you plan. This Azure CLI command from Microsoft’s deploy guide lists the regions and zones that offer Premium SSD v2 in your subscription:

az vm list-skus --resource-type disks --query "[?name=='PremiumV2_LRS'].{Region:locationInfo[0].location, Zones:locationInfo[0].zones}"

Azure Ultra Disk vs Premium SSD v2: choose Ultra only past v2’s ceiling

Ultra Disk charges the way v2 does: capacity per GiB, plus the IOPS and throughput you set. Its ceiling is far higher: up to 400,000 IOPS and 10,000 MB/s per disk, against v2’s 80,000 IOPS and 2,000 MB/s. Sizes run from 4 GiB to 64 TiB.

Microsoft aims it at I/O-intensive workloads such as SAP HANA, top-tier databases and transaction-heavy workloads.

Every unit costs more. In East US, Ultra Disk lists at these hourly rates:

  • Capacity: $0.000164 per GiB, about 1.5 times v2’s.
  • IOPS: $0.000068 per IOPS, about 10 times v2’s.
  • Throughput: $0.000479 per MB/s, about 9 times v2’s.

A VM with Ultra Disk compatibility turned on and no Ultra Disk attached also pays a reservation charge of $0.006 per vCPU per hour.

Ultra Disk shares v2’s main limits: data disks only, LRS only and no disk caching. It doesn’t support availability sets either.

As on v2, performance changes are capped at four in 24 hours, and a change can take up to an hour to apply. There’s no direct switch from Ultra Disk to v2, so that move also takes a snapshot migration.

Below that ceiling, v2 charges the same three meters at a fraction of Ultra Disk’s rates.

Keep Premium SSD only where v2 can’t go:

  • OS disks, and disks used with Azure Compute Gallery
  • Workloads that rely on host caching
  • Disks that need ZRS
  • VMs whose region or zone doesn’t offer v2
v2 is the default, and five questions find the exceptions A checklist read top to bottom. Four questions sit in a bracket: An OS disk, or used with Azure Compute Gallery, Relies on host caching, Needs zone-redundant storage (ZRS), and v2 not offered in the VM's region or zone. An arrow from the bracket labelled any yes leads to a box, Premium SSD. A highlighted arrow labelled no to all four leads down to a fifth question: More than 80,000 IOPS or 2,000 MB/s on one disk. An arrow from it labelled yes leads to a box, Ultra Disk. A highlighted arrow labelled no to all five leads down to the highlighted box, Premium SSD v2. v2 is the default, and five questions find the exceptions An OS disk, or used with Azure Compute Gallery?Relies on host caching?Needs zone-redundant storage (ZRS)?v2 not offered in the VM's region or zone?any yesPremium SSDno to all fourMore than 80,000 IOPS or 2,000 MB/s on one disk?yesUltra Diskno to all fivePremium SSD v2
Read top to bottom: the questions come from the limits and ceilings above.

Moving a data disk to v2 takes a restart, and there’s no direct way back

Microsoft’s conversion guide says to schedule the disk type change in a maintenance window, “because conversion requires a restart of the virtual machine (VM)”. Disk performance is degraded until the conversion completes. Check these first:

  • Settings: the disk can switch directly only to a v2 disk with a 512 sector size. Host caching, bursting and double encryption must be off first.
  • Shared disks: detach the disk from every VM.
  • Site Recovery: disable Azure Site Recovery on the disk.
  • Backup: a VM with Azure Backup needs the Enhanced Backup policy. Azure Backup then takes a full snapshot of the new disk, and that snapshot is charged.
  • Reservations: unused reserved capacity doesn’t carry over, so count the reservations you hold before you convert.
  • The way back: there’s no direct switch from v2 to another type. Going back means migrating with snapshots.

Which disk type Amoeba uses for a pool

Disk type sets the rate, and the provisioned size sets how many GiB you pay it on. Azure lets a managed disk grow but never shrink, as Can you shrink an Azure managed disk? explains.

Amoeba, Zoorik’s block storage optimization for Azure managed disks and Amazon EBS, works on the size. It moves a VM’s data disks onto one btrfs pool sized to your data, with room to grow.

It grows the pool before it fills, and sooner when data arrives fast. When your data goes down and stays down, it shrinks the pool one disk at a time. So you pay for close to what you use.

On Azure the pool uses Premium SSD v2 where your VM’s region and zone offer it, and Premium SSD otherwise. So data on Standard SSD, Standard HDD or Ultra Disk also moves to one of those two types.

Pool disks are always locally redundant. Data on ZRS disks loses its zone redundancy in the move.

The worked example on the Amoeba page shows the size side. A VM has four 512 GiB Premium SSD data disks, 2,048 GiB in all, holding 1,000 GiB of data. At the East US prices above, those four P20s cost $292.88 a month, and more than half of that space is empty.

On Azure, Amoeba prices disks from the same Azure Retail Prices API as this article. The free block storage assessment writes one PDF and sends nothing to Zoorik.

Amoeba’s Azure page is Azure managed disk cost optimization. Amoeba is in early access.

Sources: Microsoft Learn, “Select a disk type for Azure IaaS VMs” (opens in a new tab); Microsoft Learn, “Managed disk bursting” (opens in a new tab); Microsoft Learn, “Deploy a Premium SSD v2 managed disk” (opens in a new tab); Microsoft Learn, “Convert managed disks storage between different disk types” (opens in a new tab); Microsoft Learn, “Redundancy options for Azure managed disks” (opens in a new tab); Microsoft Learn, “Optimize costs for Azure Disk Storage with reservations” (opens in a new tab); Microsoft Azure, “Pricing - Managed Disks” (opens in a new tab); Microsoft Learn, “Azure Retail Prices REST API overview” (opens in a new tab).

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