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Does Allstate Have a Grace Period For Car Insurance?

When you have an accident, whether it’s your fault or not, the first thing that comes to mind is whether your insurance premium is up to date. This doesn’t only cover your injuries and damage to your vehicle, but also covers others who were affected by the accident if you caused the accident.

If you have overlooked paying the annual premium and you are insured with Allstate you may find you will have to pay a $10 penalty if you have failed to renew your car insurance on time. There is no grace period for Allstate, so you could lose your right to insurance coverage if you don’t pay up on time.

Many times in an accident it won’t be your insurer who will be responsible for paying for repair bills or medical treatment, but rather the at-fault driver’s insurance. This will mean you will need the help of a personal injury attorney to settle your claim favorably with the at-fault driver’s insurer.

What Is Allstate’s Grace Period?

Insurance companies often grant grace periods. Some car insurance’s grace period is comparatively short, often no more than 10 days after your insurance policy has reached its due date.

If you have an Allstate insurance policy you will find the grace period doesn’t actually exist at all and you are penalized by being forced to pay a $10 penalty if you have failed to renew your policy by the expiration date. You can’t be sure you will be covered in the time between the expiry date and the date you actually pay the next 12 month premium.

Does Allstate Have a Grace Period For Car Insurance?

How an Accident Could Affect Your Auto Insurance

Some drivers overreact when they are involved in an accident that’s either their fault or they are partially at fault and are too scared to inform their insurance company for fear of an unaffordable hike in their insurance premiums.

Not all insurers are as will increase their premiums as that and they do take certain factors into account before raising a premium. This could depend on:

  • the extent of the injuries to the driver and passengers and how severe the vehicle damage is;
  • who caused the accident which could exempt the policy holder from a premium rise if he or she didn’t cause the accident;
  • whether the accident took place in a no-fault state where both insurance companies share the costs of injuries and damage in an accident;
  • how loyal the customer is to Allstate and how safe he or she has been in the past;
  • Whether the insurer offers accident forgiveness used a reward, so there is no premium hike after a first accident.

Speak With a Personal Injury Lawyer

If you are involved in a car accident and it wasn’t your fault it’s vital you contact an experienced personal injury lawyer. An attorney can help present a favorable settlement to the at fault driver’s lawyer. To consult with a lawyer, fill out the Free Case Evaluation on this page.

Additional Resources

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