Car insurance lapse grace period california

What's a car insurance lapse grace period? What's a car insurance lapse grace period? Missing a car insurance payment can lead to a coverage lapse, but many policies have a grace period. A grace period provides extra time to make up missed payments without risking policy cancellation.

Depending on your car insurance company, your grace period can vary from 24 hours to 30 days. If your car insurance lapses, you have to either purchase a new policy or try to reinstate the cancelled policy. You may be able to reinstate a cancelled car insurance policy by filing a no-loss statement and paying a reinstatement fee.

The answer varies from state to state, so it’s important to know about the California new car insurance grace period before buying a new vehicle. Most people know that as soon as you get a new vehicle, it’s important for you to get insurance coverage on that vehicle so that you’re protected in the event of an accident.