sometimes, you need auto insurance until the time it expires. maybe it’s the end of the month. maybe you are buying new insurance. or maybe you missed a payment.
Whatever the reason, you need to know what time your auto insurance expires. read on to find out.
Reading: When does my car insurance run out
Most insurance policies end at 12:01 a.m. m. of its expiration date
The vast majority of auto insurance policies will end at 12:01 AM. m.
That means one minute after midnight on your expiration date, your auto insurance will expire.
Yes, that means your auto insurance provides only one minute of coverage on your expiration date. if you have an accident at 12:02 a.m. m. your expiration date, you may not be covered.
make sure you avoid a gap in coverage
Insurance policy termination times can be confusing. lots of people make mistakes.
Unfortunately, these errors can have serious consequences. some drivers spend an entire day driving without insurance without knowing it, for example. if you are in a serious accident or injure someone else, you could pay tens of thousands of dollars.
It is crucial that you avoid a gap between insurance policies.
If you purchased new insurance, then you need that insurance to overlap with your current insurance plan. you need your new insurance to start the same dayyour old insurance expires.
If your old insurance expires on June 15, for example, then your new insurance must start on June 15. that’s because at 12:01 am on June 15, your old insurance will expire. If your new insurance goes into effect on June 16, then you will spend 23 hours and 59 minutes on June 15 with an insurance gap.
When in doubt, shop for instant auto insurance online to make sure you stay covered. Or, better yet, avoid driving that day.
most states do not have a grace period
There have been many unlucky drivers who have been involved in accidents while driving home minutes after their insurance expired.
if your insurance expired at 12:01 a.m. m. and crashes at 12:02 a.m. m., then it will not be covered. there is no grace period for insurance coverage.
insurance companies are required to send cancellation notices
Most states require auto insurance companies to send you a cancellation notice before canceling your policy.
If you miss a payment, for example, your car insurance company might send you a letter warning you that your car insurance will expire if you don’t receive payment by a certain date. that date could be only 10 or 15 days after the letter was initially sent.
In any case, that cancellation notice must clearly indicate the expiration time of your insurance policy.
talk to your insurance company if you’re not sure
Ultimately, most insurance policies have a term of 6 or 12 months. most insurance policies also end at 12:01 a.m. m. on the due date.
However, this is not the case for all auto insurance plans. some insurance companies work differently. some companies use a more direct time system. they can provide coverage until 11:59 p.m. m. of its expiration date, for example.
That’s why it’s important to talk to your insurance company or check your policy to make sure you’re covered. see the declarations page of your policy. the declarations page should include the duration of your policy, the date it becomes effective, and the date it expires.
If your policy only lists an expiration date, but not a time (most don’t list a time), then you can assume your insurance policy ends at 12:01 AM. m. of the expiration date.
Most car insurance policies will automatically renew at the end of their term, which means you don’t have to worry about when your car insurance expires.
However, if you missed a payment or are switching to a new policy, then the due date is extremely important. Your insurance typically expires at 12:01 am on your expiration date, but talk to your insurance agent to make sure you understand the terms of your policy and the time it expires. you don’t want to leave a gap in coverage.