What is the last day I can pay my premium before the policy is canceled on my car?

1. 

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   David G. Pipes, CLU®, RICP®

   Business Development Officer, T.D. McNeil Insurance Services, Fresno, California

   Technically this is set up by law in your state. It usually is a specified number of days after the normal expiration of the policy that would give you, and your lienholder notification of a cancellation. Many companies use a date prior to the expiration date as the date that the premium is due for this very reason. Usually the expiration date is close to scheduled expiration date.

   Answered on September 29, 2014

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   Tom Sheehan

   Agency Owner, The Thomas G Sheehan Agency, 27 Glen Road Sandy Hook, CT 06482

   Talk to your Insurance Professional about the specific terms and conditions of your policy as well as the pay plan options and conditions. Most standard issue auto insurance policies offer pay plans that include a certain length of "grace period". These can typically range from 15 to 30 days. Non-standard policies, however, may not offer a grace period at all so it is important to understand your situation completely.

   Answered on October 17, 2014

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