Illinois New Car Insurance Grace Period: What to Know
Whether you’re buying a new car to add to your garage or replacing an old vehicle, Illinois requires you to have auto insurance. However, if your insurance plan is about to expire, you may have a grace period to find a new one. The length of this grace period depends on your insurance provider, but no matter what, Insured ASAP is here to help you find affordable coverage plans for your car.
Learn more about car insurance grace periods below before it expires. Otherwise, if you don’t have insurance coverage, you risk higher insurance payments and insurance law responsibilities you’re unprepared for. Here are some tips on grace periods so you stay safe and insured on the road.
What is a Car Insurance Grace Period?
Auto insurance grace policies are periods you must register a new or replacement vehicle under your auto insurance policy. In Illinois, you must have auto insurance when purchasing vehicles. The grace period allows you time to find new coverage for the car
Grace periods give you more time to find
- Property damage liability coverage
- Bodily injury liability insurance
- Collision coverage
How Long is the Auto Insurance Grace Period?
Auto insurance grace periods have a due date of seven to 30 days, depending on the insurance provider. Not every insurance agent offers a grace period. Fortunately, when looking for affordable car insurance in Illinois, we can help you find a coverage plan with a built-in grace period.
Avoid Coverage Lapses
You must have auto insurance in Illinois, even if this is the minimum liability. However, if your auto insurance runs out during the grace period, you may face severe consequences, including
- No protection for at-fault accidents
- Higher insurance rates when you reinstate your insurance
- Insurance companies may label you as a high-risk driver
Therefore, it’s best to avoid coverage lapses as much as possible. Insured ASAP is here to help you find affordable auto insurance fast. No matter how long your grace period is, we’ll find you affordable insurance plans so you can stay safe on the road.
Insured ASAP is Here to Help!
If you need a new coverage plan within the Illinois car insurance grace period, call us at 800-641-7488 or click the link to request a quote! We compare thousands of auto insurance plans for the best rates and coverage. Don’t wait for your grace period to run out. Call today for new insurance plans!