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Does insurance have a payment grace period?
Will they give me a grace period to make the payment? Things in my life have been really crazy lately and I realized that I forgot to pay my GEICO insurance policy.
Shannon Martin · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
“Every carrier is different, but
GEICO
will send out a cancelation notice after the missed payment. This notice will give you the last date to make the payment. Generally, this gives you an additional 14 days.
If you noticed the bill after this time frame and the policy is canceled, give them a call. They may be able to reinstate the policy and get coverage going again for you effective the next day.
Keep in mind that when a lapse in coverage happens, the rate of the policy can change.
If you are unhappy with your new price, it may be time to shop for another insurance carrier. Give the free app
Jerry
a try! Jerry will shop with over 50 carriers and gather the lowest prices all in one place for you.”View full answer
- Gregory R.
WHY YOU CAN TRUST JERRY
Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.
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