Auto insurance policies can either be cancelled by the policyholder (meaning the policyholder will face cancellation penalties, if they cancel prior to the end of their policy term), or can be cancelled by auto insurance companies (if the policyholder missed a payment or breached the rules of the agreement). Typically, if a policyholder has been cancelled as a result of a missed payment, they have 15 days to pay the outstanding amount. If this payment window is missed, it’s up to the insurance company to either reinstate the driver (usually at a higher rate) or decline them from further auto insurance coverage. This is why it’s so critical to never miss a payment; and if you do, be honest about why and attempt to repair the relationship with your car insurance provider in Yellowknife.