Candace Baker, Car Insurance Writer
Yes, Auto-Owners has a grace period of up to 30 days for payments, with specific timeframes varying by state law. During the Auto-Owners grace period, policyholders can pay their past-due premium in order to avoid a lapse in coverage.
If the grace period ends without the necessary payment being made, Auto-Owners will cancel the policy. Even if the policyholder pays the balance within the grace period, Auto-Owners will still charge them a late fee, though the exact amount depends on the state.
If you miss a car insurance payment, Auto-Owners will usually send you a notice of cancellation that includes the final date that they will accept payment before your coverage lapses. Since almost every state requires you to have car insurance, a lapse in coverage could lead to serious consequences, including fines and even a license suspension if you’re caught driving. Additionally, going without insurance designates you as a high-risk driver and can make car insurance more expensive in the future, so it’s important that you pay your car insurance premium prior to the final cancellation date.
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