Candace Baker, Car Insurance Writer
@candacebaker
Yes, Geico has a grace period of 9 days for late payments, when you can pay your past-due premium in order to avoid a lapse in coverage. If the grace period ends without the necessary payment being made, Geico will cancel the policy.
Consequences for Missing a Geico Car Insurance Payment
Cancellation Notice
Geico will usually send a notice of cancellation that includes the final date they will accept full payment before your coverage is canceled.
Penalties From the State
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.
Insurance Premium Increases
A lapse in coverage may designate you as a high-risk driver and can make car insurance more expensive in the future, so you should pay your car insurance premium before the final cancellation date.
What If I'm Enrolled in Autopay?
When you set up your policy, you can enroll in automatic payments to ensure your premiums are paid on time and your coverage doesn't lapse. But if you need to, you can still adjust your payment plans by logging into your online account and selecting the Postpone option under Automatic Payments. If you do not see the Postpone option available, you may not be eligible to delay payment. This can happen for any of these reasons:
- You have already postponed your scheduled payment.
- GEICO has already processed the scheduled payment.
- The current date is not within 11 days of the payment due date.
Learn more about car insurance grace periods.
nannettesims14, Member
@nannettesims14
I need to postpone my payment .
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