School is about to start, and i have an insurance payment coming up on the same week i needed money the most to pay for school supplies including a graphing calculator that costs over $100. If i spend this money, i won’t be able to afford car insurance till the week after and i might be 7-10 days late paying for car insurance. Will anything bad happen if i’m late?
25 Responses to “What Happens If you are About 10 Days Late Paying for your Car Insurance?”
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November 17th, 2009 at 7:49 pm
no probs.
November 17th, 2009 at 8:32 pm
call your agent and explain your situation and he may look the other way just once.
November 17th, 2009 at 8:32 pm
they could cancel your policy but you should contact them on their policy about that. some places allow additional time for a small fee.
November 17th, 2009 at 9:01 pm
call and ask them if you have a grace period I have a five day one…
November 17th, 2009 at 9:03 pm
Call the carrier and work out a payment plan. If you don’t do anything then they can cancel it!!
November 17th, 2009 at 9:26 pm
Most give you a grace period, then again if something happens you may be left out in the cold…
November 17th, 2009 at 9:58 pm
Most companies say you have 30 days before your policies are canceled.. however, if you had a wreck, they’re not covering you.
November 17th, 2009 at 10:41 pm
call them up and explain what is happening. don’t wait because you are already ten days late. if you drive around without car insurance you can get stopped and have your license taking away, or they can cancel your policy
November 17th, 2009 at 10:45 pm
I think that you have a 30 day grace period
November 17th, 2009 at 11:29 pm
you should call the insurace company to tell them so they won’t think you are just not paying your bills. It will at least help your reputation with them anyway. They may or may not charge a late charge.
November 18th, 2009 at 12:12 am
The Car Insurance Police will take you away in handcuffs and throw you in jail!
Actually, most insurance companies have some sort of grace period. They may send you a late notice, but your insurance will still be in force. If unsure, just call your insurance company.
November 18th, 2009 at 12:27 am
you will have to pay a late fee, and possibly a policy re-instatement fee. Plus if you get in a accident while your policy has lapesd you could be liable for all damages. See if you can borrow the $ or find a used calculator for less $.
November 18th, 2009 at 1:07 am
Your insurance is void for those ten days, unless you are over paid.
November 18th, 2009 at 1:34 am
just don’t get into an accident or get pulled over. the expiration date on your card will stand. if you don’t make the payment on time, then, the insurance company can deny payment and you will receive a ticket for no insurance. once you make the payment, the insurance company will issue you new cards with the effective date as the day they received payment. if they already sent you the cards and they haven’t expired, then, they are okay to show if you only get pulled over to keep you from getting a ticket, but they will not protect you from an accident and you will be held responsible.
November 18th, 2009 at 1:43 am
You’ll receive a cancellation notice from the company. You’ll then have some time to pay it off. It won’t show up as a late payment, and won’t affect your coverage.
November 18th, 2009 at 2:08 am
If it is the renewal for your insurance, you know where you get the new little stub to carry with you saying your insurance is valid, and you do not pay on that date, usually your insurance will expire with no grace period. If it is a monthly payment and you already have your little stub that says how long your insurance is good for, then you might have some grace period. I would call your insurance company to find out. Usually never later than 10 days is allowed. They do not like you to do it at all. I would wait for the calculator and pay the insurance. A calculator is not going to come in handy except for adding up damages if somebody dings your car. Or worse and lets not think about that.
November 18th, 2009 at 2:54 am
Depending on what company you’re with, you should have a short “grace” period. My company is 9 days with the payment having to arrive by the 10th or you are cancelled. You then have 90 days to reinstate (get same discounts, etc. that you had before you were cancelled) ..but you are not covered. State could suspend your license if stopped.
November 18th, 2009 at 3:13 am
as has been stated above most policies have a grace period. This will however show as a late payment o your credit report. Which is not a big thing one time. And if you are in school no one expects you to have a good credit report anyway. We are all broke during school. The most important thing is to call your agent and find out exactly were you stand. He/She can give the only advice worth taking. Just be up front with her/him
November 18th, 2009 at 4:03 am
u cool
November 18th, 2009 at 4:26 am
grace periods are practically a thing of the past, better check with your company to find out exactly how they work, some companies call it a grace period (meaning they accept a late payment) but you don’t have coverage during that period and alot of companies look at the postmark date to determine date received
better be safe than sorry
November 18th, 2009 at 4:29 am
Read your policy. If you don’t have it handy, call your agent. Your policy will explain the terms and conditions of payment. Some will offer a grace period – others will not. In either instance, if your payment is too late, your policy will be cancelled for non-payment.
November 18th, 2009 at 4:55 am
Call your agent. Some states can cancel a policy if it’s not paid on time; some will give you a 10 day grace period. Some companies honor postmarks, some don’t.
To find out the specifics for your policy, call your agent.
November 18th, 2009 at 5:15 am
Most companies will allow a payment plan if you set it up in advance. If you just don’t pay, they could cancel you policy as soon as the payment is late. If you don’t have a claim in that time, you’ll probably just pay a late fee. If you have a claim, you are uninsured.
November 18th, 2009 at 5:31 am
It really depends on your insurance co. I work for an insurance co in Southern California and on day 11 of non payment they will charge a $7 late fee. If you haven’t paid by day 21 they cancel your policy. You can also call your insurance company and ask for an extension or to change your due date. My suggestion is to contact the insurance co and see what they can do for you. At any rate in California they have to give you notice before they cancel your policy. I hope this helps.
November 18th, 2009 at 5:49 am
You won’t be covered during the time that you failed to pay your insurance premiums.