When you are looking at late payment consequences, you are looking at the possibility of the car insurance company canceling your car insurance due to the late payment that you have made. When the car insurance company issues you a policy, you have agreed that you are going to be financially responsible for the car insurance payment. Most of the car insurance companies will not cancel the car insurance the first time that the car insurance is due, unless you are doing this on the first month of the account. Then you are most likely going to see that the car insurance is going to be canceled.
Most of the insurance companies will allow for you to run a few days late on your payment so long as you call them to let them know that something has occurred and that you need to run a few days past your due date. You will need to make a promise that the insurance is going to be paid within a short time after the insurance due date in order to keep your insurance. If you have repeatedly done this then the insurance company may very well cancel the insurance policy.
While every state has their own rules on what can and can not occur when it comes to your insurance policy, each company can do as they wish when it comes to the late payment. You want to be very cautious when it comes to how many times you are going to pay your policy late. Otherwise you may just find out one month that your insurance policy is null and void.
Always bear in mind that when you fail to make a payment on your car insurance that you run the risk of your insurance being canceled. Since most times the insurance company will not call to notify you that your insurance is canceled, you run the risk of driving on a insurance policy that you had no idea had been canceled. If this occurs then you have the chance of being pulled over and arrested for driving without insurance. This can be a more costly mess than if you had just paid the insurance policy in the first place and on time.