What Happens When You're Late On Your Car Insurance? 
Late payments can possibly put you at risk of having no coverage so it is always a good idea to be on time . Talk to your Insurance Professional about the specific terms and conditions of your policy , but in some cases , companies include grace periods in their billing plans . However , they can also apply late fees for each late payment . This can add up . Say for example a company applies a $ 10.00 late fee for each late payment . If a person is paying monthly , that adds $ 120.00 a year to the cost of their car insurance . That can be a significant and avoidable increase over the agreed upon term premium . 