Fortunately, GEICO won't charge you a late payment fee. Immediately after you don't make the payment, GEICO will issue a formal cancellation notice with 10 to 14 days to make the payment. If you don't pay your insurance bill before that date, your policy will be canceled. If you can't pay for your car insurance, they offer you an additional nine-day grace period if you explain the situation and ask for help.
To recover your insurance coverage for your vehicle, there are often more penalties, which usually means a higher rate or a stricter payment plan option. Below, you can access information on motor vehicle insurance installment plans from insurers approved by the Insurance Division in accordance with M. In addition, check with your agent or insurer to verify your eligibility for the motor vehicle insurance installment plan you are interested in. Driving without insurance is expensive and can result in higher insurance premiums, fines imposed by the courts, jail sentences, loss of driving privileges, and even the seizure of the vehicle.
If you're insured by a large insurance company and you're falling a little behind in paying your premium, you might be wondering if they have a grace period. I've been insured by GEICO for years, but I recently changed my bank account and that messed up my automatic payment settings.