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Can insurance premium be raised after it is paid?

Updated: 8/19/2019
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Wiki User

12y ago

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Yes, they certainly can. If the insurer finds additional information on your driving record such as undisclosed tickets or accidents and/or other risk factors such as undisclosed drivers or work related risks involved with your policy they can adjust your rates accordingly or even cancel the policy.

To avoid cancellation or premium up-rates to your policy it is always best to answer all questions truthfully and disclose all pertinent factors to the insurer at policy inception.

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12y ago
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Q: Can insurance premium be raised after it is paid?
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