Candace Baker, Car Insurance Writer
@candacebaker
Yes, State Farm has a grace period of 10 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, State Farm will cancel the policy.
Consequences for Missing a State Farm Car Insurance Payment
Cancellation Notice
State Farm 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.
How to Postpone AutoPay?
If you have autopay set up but don't have sufficient funds to make a payment, State Farm allows you to delay the automatic payment for up to 15 days. After 15 days, you will be automatically charged, and if you cannot pay the owed amount, State Farm will send you a notice of cancellation. Learn more about car insurance grace periods.
People also ask
Does car insurance have a grace period for late payments?
Yes, most car insurance companies have a grace period for late payments. Car insurance grace periods can be up to 30 days, but exactly how much time you have to make a payment before your coverage is canceled depends on your insurance company and state. Some insurers do not offer a grace period to their customers unless the customer is in a state that makes grace periods for late payments mandatory.
An insurance company...
read full answer by Anamarie Waite, Car Insurance WriterIs there a grace period if my car insurance lapses?
Yes, there is a grace period if your car insurance lapses, usually between 10 and 20 days. If you miss a payment, your car insurance isn’t cancelled automatically, but you will receive a notice from the insurance company. Most insurance companies have a grace period for late payments, usually around 10 days, but not all insurers or state laws allow them.
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