Does Safeco Insurance charge late fees or offer a grace period for monthly payments?
Due to my own oversight, I forgot to budget for my monthly auto insurance policy. Does Safeco offer a grace period or do they charge a late fee?
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Answered on Apr 16, 2021
Eric Schad has been a freelance writer for nearly a decade, as well as an SEO specialist and editor for the past five years. Before getting behind the keyboard, he worked in the finance and music industries (the perfect combo). With a wide array of professional and personal experiences, he’s developed a knack for tone and branding across many different verticals. Away from the computer, Schad is a blues guitar shredder, crazed sports fan, and always down for a spontaneous trip anywhere around the globe.
“Prior to COVID-19, Safeco charged late fees for overdue payments. However, since March 2020, the company has waived those fees indefinitely. The company hasn’t mentioned whether it will reinstate these late fees at a later time.
As far as a grace period goes, few insurers offer it. However, they’ll often work with you if you’re a customer in good standing and you haven’t missed payments in the past.
If you have missed payments before, Safeco may threaten to cancel your insurance unless you pay for six months upfront moving forward. Call them to see if they can work with you on some sort of late payment plan.”
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