My Car Insurance Policy Went Up After Missing a Payment in Montana
Reader’s Question:
If I missed one payment with my car insurance policy, does my insurance provider have the right to raise my auto insurance? I have my insurance in Montana.
Jim
Missoula, MT
It is really hard for me to say since I do not have your specific car insurance policy details. But, based on the information you gave, it appears that other factors may be involved as well. Your car insurance rates would not necessarily increase just because you simply missed a monthly payment. It is still possible that if it were for your renewal auto insurance premium that you may have lost a discount. Or, it is also possible if you missed a payment then your auto insurance policy balance was recalculated into a smaller amount of remaining payments results in a different payment amount. I suggest that you should contact your car insurance agent in Montana for more details regarding your auto insurance policy.
