Your car insurance policy won't be immediately canceled because you don't make a payment. Auto insurance companies are required by state law to give notice before canceling their policy. Depending on the state, you'll normally have 10 to 20 days. Your company will notify you by mail or email before canceling your coverage.
An important question that new car owners often ask is, “How much time do they have to insure a new car?” The answer is immediately after purchase. Regardless of whether you're financing or paying cash, you'll need to get car insurance before taking the car out of the dealership parking lot. The amount and type of coverage you'll need is defined by the state in which you live and whether you're funding. We charge a higher rate for customers who are more likely to file claims and a cheaper auto insurance rate for customers who are least likely to file claims.
Call your old insurance company and find out if your coverage has expired and, if so, how long you have been without car insurance coverage. If you're currently insured with another insurance company, you can simply start a new policy with your new car. This information is not an insurance policy, does not refer to any specific insurance policy, and does not modify any provision, limitation or exclusion that is expressly stated in any insurance policy. Allstate, GEICO, Progressive and State Farm can control more than half of the auto insurance business across the country.
Even so, local and regional insurers, such as Erie Insurance and Auto-Owners, outperform reputable companies in customer ratings. If it's been a few months since you received your quote, the rates in your area may have been revised, which could decrease or increase the price you pay for your car insurance policy. In addition, if your policy includes car rental reimbursement and your car is damaged in a covered accident, Progressive will pay the rent (up to a specified limit and term) while your own car is repaired. Car dealers won't allow you to take your new car out of the parking lot without having the minimum car insurance coverages required in your state, so it's always a good idea to make arrangements with your insurance agent before buying.
During your progressive quote, you won't be able to select car insurance coverages that don't apply to you. Make your payment as soon as possible, as the grace period for car insurance may vary depending on your insurer. With different discounts and levels of coverage, there's no one size fits all when it comes to car insurance. You can pay for your car insurance policy by credit card, PayPal, online check, personal check, money order, or electronic funds transfer (EFT) from your checking account.
Keep in mind that other factors may affect your car insurance rate if you're starting a new car insurance policy.