Car insurance lapse grace period uk

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.

Paying during the grace period is no different from regular payment. Depending on your preference and your carrier, you can make the payment online, over the phone, or via mail. Some insurance companies charge a late fee but may waive the penalty if you've missed only one payment.