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No, on a service change all the wires have to be able to carry the current of the highest rated device.

There are tow cables associated with your question. The one from the pole to the meter and the one from the meter to the main electric panel. The one to the meter is the responsibility of the power company and may well be large enough. Since it is in free air its current carrying capacity is not de-rated in the same way as the cable from the meter to your main panel. Since you will have to likely upgrade your main panel it is a good idea to replace the service entry cable to 100 A rating.

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Q: If you change out a 60amp meter with a new 100amp meter would the wiring still be big enought to carry the 100amp?
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