Yes, Progressive has a grace period of 10 to 20 days for payments, with specific timeframes varying based on state law. During the grace period, policyholders can pay their past-due premium in order to avoid a lapse in coverage. If the grace period ends without the necessary payment being made, Progressive will cancel the policy. And even if the policyholder pays the balance within the grace period, Progressive will still charge them a $10 but can vary by state.
If you have autopay set up but don’t have sufficient funds to make a payment, Progressive allows you to delay the automatic payment for up to ten days. However, this is separate from the grace period. After ten days, you will be automatically charged, and if you cannot pay the owed amount, Progressive will send you a notice of cancellation.
When Progressive sends a notice of cancellation, it will include the final date that they will accept full payment before your coverage lapses. Since almost every state requires you to have car insurance, a lapse in coverage could lead to serious consequences, including fines and even a license suspension if you’re caught driving. Additionally, a lapse in coverage designates you as a high-risk driver and can make car insurance more expensive in the future, so it’s important that you pay your car insurance premium prior to the final cancellation date.
This answer was first published on 04/25/23. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.
