With many insurers, including Progressive, all you need to do to renew your policy is pay the renewal premium. You'll receive a reminder from your insurance company to renew before the expiration date. Just be sure to renew your policy before the existing one expires to avoid an interruption in insurance coverage. In some states, some insurers may require signed forms or other actions to execute a policy renewal.
Your car insurance policy won't be immediately canceled because you don't make a payment. Auto insurance companies are required by state law to give notice before canceling their policy. Depending on the state, you'll normally have 10 to 20 days. Your company will notify you by mail or email before canceling your coverage.
Even drivers with a clean record could see an increase in the price of renewing their insurance. As mentioned above, automatic rate increases are sometimes based on factors that are beyond your control, such as claims in your zip code. Or, if you've added a new driver or vehicle to your policy, your rate could also increase at the time of renewal. Car accidents and traffic violations often explain the increase in insurance rates, but there are other reasons why car insurance premiums increase, such as the change of address, the new vehicle, and zip code claims.
An increase in the cost of car insurance can be frustrating, especially if you haven't filed a claim and have a clean driving record. This information is not an insurance policy, does not refer to any specific insurance policy, and does not modify any provision, limitation or exclusion that is expressly stated in any insurance policy. Insurance Plus Agencies of Illinois (630), 423-7603 is your progressive insurance agency serving Elgin, Illinois. You'll also get expert advice on what coverage you should buy, as well as finding out how much car insurance costs in case of fines and accidents.
Call your old insurance company and find out if your coverage has expired and, if so, how long you have been without car insurance coverage. Make your payment as soon as possible, as the grace period for car insurance may vary depending on your insurer. Learn everything you need to know to buy the best Elgin auto insurance policy for your unique situation. If you're insuring a teen driver of any age, you can get expert advice, age rate data and details in this parent's guide on how to insure a teen driver.
Auto insurance companies often offer a grace period for late car insurance payments, so a payment that's late by a few days shouldn't be a problem. But know that insurance premiums don't increase on a whim and that the reason for a rate increase is almost always related to insurance risk.