If you have automatic payment set up but don't have enough funds to make a payment, Progressive allows you to delay automatic payment for up to ten days. However, this is independent of the grace period. After ten days, you will be charged automatically and, if you are unable to pay the amount due, Progressive will send you a cancellation notice. If you don't already have an insurance policy for another car, you'll need to get a policy before you can take your new car out of the dealership parking lot.
It helps manage the creation of insurance content that meets the highest quality standards in terms of accuracy and clarity to help Bankrate readers search for complex information on home, auto and life insurance. If you're moving or looking for lower insurance rates, you may not need to cancel your Progressive policy. In some cases, your insurance company may decide to reinstate your policy with new effective dates that reflect the days when you didn't have insurance. 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.
These average rates may not reflect how much each individual Maryland driver will pay for car insurance. Personal factors such as age, gender, insurance credit rating, driving history, and claim history will determine the cost of car insurance in Maryland, as will the city in which you live, the make and model of your car, the type of vehicle, and the coverage options. Allowing your car insurance to expire is considered driving without insurance, and you can face all the legal and financial consequences of driving without insurance. Like any other auto insurance company, Progressive allows its policyholders to cancel their coverage at any time.
If you cause an accident at fault, the average cost of car insurance in Maryland increases by 51 percent. While you can cancel car insurance policies at any time, it's best to do so when the policy is about to expire or is pending renewal. According to the Insurance Information Institute, metropolitan areas are also likely to have higher auto insurance rates. All insurance products are governed by the terms of the applicable insurance policy, and all related decisions (such as coverage approval, premiums, fees and charges) and policy obligations are the sole responsibility of the insurance insurer.
Yes, there is a grace period for car insurance when buying a new car, if you already have an insurance policy for another car.