Yes, State Farm has a grace period of 10 days for payments, with specific timeframes varying based on state law. During the 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, State Farm will cancel the policy.
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. However, this is separate from the grace period. 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.
When State Farm sends a notice of cancellation, it will include the final date that they will accept full 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, a lapse in coverage 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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