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.

Answer
“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.”
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Shannon Martin
Answered on Jul 26, 2021
Shannon is an expert in personal lines liability insurance with 13 + years of insurance industry experience. She also served as a special insurance liaison to AARP members for 6 of those years. She is a graduate of UL Lafayette and currently resides in NY with her family. Shannon is also an amateur juggler, ukulele player, and is a time travel paradox theory enthusiast.
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