How Long Does Auto Insurance Last? 
Generally your policy will be either a 6 month or annual renewal . Most company allow you to pay in installments , monthly , quarterly , or some variation . If you fail to pay your premium , you are without coverage . Unlike life insurance , there is no grace period for auto insurance . Some companies will accept late payments but technically if your auto insurance expires on Friday and you have an accident on Saturday , your company could refuse to pay . 