Surcharge
Insurance Glossary
An amount added to a premium because of a specific event on the policy, such as an at-fault accident, a moving violation or a claim payment. It is applied at renewal and normally stays on the policy for a set number of years before dropping off, with the length shaped by state rules and insurer practice. It is different from a general rate increase, which raises the price for everyone in a rating group rather than for one policyholder.
This content is for general informational purposes only and is not insurance, legal, or financial advice. Coverage, exclusions, eligibility, and pricing vary by insurer, by policy, and by state, and only the policy documents control what is covered. Always confirm the details of any coverage with a licensed insurance agent or the issuing carrier before you buy.