Can You Skip A Car Insurance Payment?

  1. 12689 POINTS
    Ted Ratliff
    Owner, SFS Associates,
    No, auto insurance does not have a grace period.  If you are late with a payment and are involved in an accident the company does not have to pay the claim.  Also missing a payment could affect your rates if you have tickets since the company will run a Motor Vehicle Report before reinstating your policy.
    Answered on June 15, 2013
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  2. 16470 POINTS
    David Osgood
    Agent, Rural Mutual Insurance Co., Union Grove, WI
    If you fail to pay your insurance payment by the date that it is due your current carrier may send you a cancellation notice due to non payment. This notice normally provides for the client to pay the premium due within 14 days to have the policy re-instated. You may also incur some fees for the late payment or for re-instatement. If you lapse on your payments more than once the carrier may elect to drop your coverage without an option for re-instatement.
    Answered on October 29, 2013
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