How long is the grace period for buying a new car?
Typically, that new car insurance grace period is anywhere from seven to 30 days. In other words, you have seven to 30 days to inform your car insurance company that you purchased a new vehicle.
How do I pay my car insurance during the grace period?
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.
What is a car insurance lapse grace period?
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.