How long before GEICO cancels insurance? GEICO will cancel your insurance policy two weeks after a missed payment. GEICO will send you a cancellation notice warning you of the two-week deadline. However, if you make the payment at some point during that two-week period, your insurance will not be canceled. For the full details of GEICO’s missed payment policy, see below.
How Long Before GEICO Cancels Insurance?
GEICO will send out a cancellation notice if a single payment is late. The notice gives you two weeks to make the payment. If payment isn’t processed by the date on the notice, your policy will be canceled, a GEICO corporate customer service representative told us.
You may be able to postpone your next scheduled payment up to nine days if you’re enrolled in Automatic Payments. You can only postpone payment within 11 days of your due date. And, if you’ve already postponed your current scheduled payment, you will not be allowed to postpone it further.
GEICO offers auto, motorcycle, boat, home, life, travel, and pet insurance, among other types. If you have a GEICO auto insurance policy, keep in mind that auto insurance is a legal requirement to drive in most states. It’s important not to let your auto insurance lapse — even for a short period of time. Penalties for driving without insurance vary by state but can include having your driver’s license suspended. You may also be held liable if you get into an accident while driving without insurance. In Ohio, for example, you will be held responsible for paying all damages to the other driver, including car repairs and medical expenses, if you’re found to be at fault.
Letting your auto insurance lapse also leads to higher insurance rates when you take out a new policy. Some insurers may even refuse to insure you. If you’re in the military, however, GEICO will let you suspend your policy while you’re away to spare you from an insurance lapse and help save you money.
Now you know how long before GEICO cancels insurance. GEICO will send out a cancellation notice if payment is late, giving you two weeks to make said payment. If you don’t make a payment within two weeks, GEICO will cancel your insurance policy. If you’re enrolled in Automatic Payments, you may be able to postpone your next scheduled payment up to nine days.
For more information on insurance, see our article on how to get cheap auto insurance.