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Yes, State Farm lets you pay late. As long as you pay within 10 days after the due date posted on your bill, you will have coverage in the meantime thanks to State Farm's grace period, and you won't even owe a late fee.
State Farm will send a cancellation notice within 10 days of your bill's original due date. A final date to make a payment before State Farm cancels your policy will be included in this notice.
Key Things to Know About State Farm's Payment Policies
- You can make payments by calling 1-800-440-0998, online using State Farm's payment portal, mailing a check or money order to State Farm Insurance Companies/ Insurance Support Center, and using the State Farm mobile app.
- You can set up automatic payments with State Farm.
- State Farm is required by law to send you a notice before they cancel your policy.
- State Farm may offer the option to reinstate your policy after it has been canceled.
If the cost of your car insurance payments is an issue, there are several things you can do to reduce your premium. You can shop around with other companies for a cheaper quote, reduce your current coverage if possible, and ask your insurer about any discounts that you might be eligible for.
For more information about saving money on car insurance, check out WalletHub's guide on how to lower your car insurance costs.
This answer was first published on 11/06/23. 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.
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State Farm now charges a late fee for auto and home if payment is not received by the bill date. Notice sent 4/28/24. SF is going to make millions in late fees IMO
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How much does State Farm car insurance cost?
State Farm car insurance costs an average of $1,032 per year ($86 per month) for a minimum-coverage policy, which is less than the national average of $720 per year. The exact cost of auto insurance with State Farm depends on factors such as a driver's history on the road, age, state, and coverage limits. For example, full coverage insurance from State Farm costs an average of $3,514 per year.
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State Farm is so expensive because car insurance is expensive in general, due to rising costs for insurers. But at $718 per year, the average State Farm car insurance policy is actually cheaper than coverage from most competitors. In fact, State Farm is one of the cheapest car insurance companies nationally.
Even though State Farm offers cheaper-than-average rates, its premiums can get expensive for drivers with certain characteristics. For example, teenagers pay an average of $1,803 per year for State Farm...
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How can I lower my State Farm car insurance?
You can lower your State Farm car insurance costs by taking advantage of State Farm discounts, opting for a higher deductible, and reducing your coverage, among other things. State Farm considers a variety of factors when calculating your premium, though some – like your age and location – are out of your control. Fortunately, you can take steps to influence other factors in order to lower your rate.
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