Auto Insurance Duration: Progressive's Policy Lifespan Explained

Progressive offers a range of auto insurance options, including liability coverage, comprehensive and collision coverage, and loan/lease payoff coverage. When it comes to the duration of auto insurance, Progressive allows a grace period of 7 to 30 days for adding a new vehicle to an existing policy. During this time, your new car will be covered at the same level as your previous vehicle. However, it's important to note that insurance companies typically offer a grace period for missed payments, and policies can lapse if payments are not made within the specified timeframe. In the event of a lapse, reinstating your policy or purchasing a new one is necessary to regain coverage. Additionally, Progressive offers a vehicle protection plan that covers system repairs and other issues not typically included in standard car insurance policies.

Progressive's grace period for missed payments

If you have autopay set up and miss a payment, it could be due to a change in your billing information or a low bank balance. Progressive allows you to delay your automatic payment for up to 10 days, but this is separate from the grace period. After 10 days, you will be automatically charged, and if the payment fails, Progressive will send you a notice of cancellation.

To avoid missing payments in the future, you can set up automatic payments in the Progressive app or use a service like Jerry to remind you of upcoming payments.

Policy reinstatement

Progressive does not have a specific policy reinstatement plan, but that does not mean that you won't be able to get your policy reinstated. It is important to act quickly, as even a one-day lapse can result in higher car insurance rates. Progressive, like all insurers, is required by state law to notify you before cancelling your policy. Check your mail and email for a notice that will let you know the specific date on which your policy will be cancelled.

If the cancellation date has not passed, call Progressive and speak with a representative to pay your outstanding balance and avoid having your policy cancelled. You may have to pay a late fee, but your overall premiums are unlikely to be affected, especially if this is the first time you have missed a payment.

If the cancellation date has passed, call the same number to speak with a representative about paying your outstanding balance and getting your policy reinstated. You will likely need to pay your premium in full, as well as any late fees and/or interest charges that may apply.

Note that reinstatement of your current policy is only allowable with the same carrier and under the same policy you previously had – not with a new insurer. Many carriers will usually reinstate a policy cancelled due to non-payment if the lapse in coverage has been less than 30 days and there have been no claims/losses. Some carriers have built-in grace periods, so read through your policy to see what is said about reinstating it if it is cancelled. Be aware that the reinstatement may be effective after the policy cancellation date, creating a lapse in coverage.

Getting a new policy

Getting a new auto insurance policy from Progressive is a straightforward process. You can get a quote online or by calling Progressive directly. Progressive offers a range of insurance options, including liability coverage, comprehensive and collision coverage, uninsured/underinsured motorist coverage, and more. When getting a new policy, you will need to provide information such as your car's make, model, and year, as well as your driving history. You will also need your vehicle identification number (VIN) and driver's license number to purchase the policy.

Progressive allows you to customize your coverage to fit your needs. You can choose the level of coverage that best suits your budget and the specific requirements of your state. Progressive also offers various discounts and savings opportunities, such as bundling your home and auto insurance or using their Name Your Price® Tool.

When purchasing a new policy, you have the option to pay monthly or in full. Progressive offers multiple payment methods, including credit card, PayPal, online check, personal check, money order, or electronic funds transfer (EFT) from your checking account. Keep in mind that your rate may vary depending on factors such as your age, location, driving record, vehicle type, and more.

It's important to note that if you are switching from another insurance company, you can cancel your previous policy over the phone, by mail, or via email. You will typically receive a refund for any money paid in advance. Additionally, Progressive provides a grace period of around 7 to 30 days to add a new vehicle to your policy, ensuring that you are covered from the moment you drive your new car off the lot.

Progressive's vehicle protection plan

• System failures once your manufacturer's warranty has expired
• Minor dents and dings
• Lost, stolen, or damaged keys

The plan costs as little as $12 per month, with the option to renew every six months. This is in contrast to paying thousands of dollars per year for an extended warranty. You can cancel your vehicle protection coverage at any time.

The Vehicle Protection Plan covers:

• Transmission/drivetrain issues
• Electronic system and component errors
• AC/heating malfunction
• Surface dings and dents
• Stolen, lost, or damaged keys/fobs

For example, if your car is four years old and your air conditioner compressor stops working, you can file a claim through your vehicle protection coverage. If approved, you pay a $100 deductible, and Progressive will cover the rest.

Progressive also offers Mechanical Breakdown Insurance, which is a standalone insurance policy for vehicles and RVs that are 15 model years old or newer and have less than 100,000 miles. This differs from the Vehicle Protection Plan, which is for newer cars and trucks that are covered with liability, comprehensive, collision, rental car, and roadside assistance with trip interruption coverages.

How to avoid delays in receiving a claim settlement

To avoid delays in receiving a claim settlement, it is important to be proactive and provide the necessary information promptly. Here are some detailed steps to follow:

• Gather as much information as possible: Take photos of any damage, write down the date, time, and location of the incident, and provide a detailed description of what happened. Having this information readily available will streamline the claims process and prevent unnecessary delays.
• Provide requested information promptly: When filing a claim, be prepared to submit copies of the police report, photos of the damage, insurance information for all involved parties, and any other details requested by the claims adjuster. Progressive representatives will guide you through this process and ensure your repairs are handled efficiently.
• Communicate frequently with the adjuster: You can expect to have regular contact with the adjuster, who will investigate the claim and determine liability and coverage. This process can take a few weeks or months, depending on the complexity of the claim.
• Respond promptly: Respond to requests from the insurance company and complete any necessary paperwork as soon as possible. This will help keep the claims process moving forward without delays.
• Research your state's laws: Familiarize yourself with the insurance regulations in your state. Some states mandate that insurance companies settle claims within a specific timeframe, typically around 30 days. Knowing your rights will enable you to take appropriate action if your claim is taking too long.
• Be proactive in seeking updates: Don't hesitate to reach out to your insurance company for updates on the status of your claim. It is common for claims to take time, but staying in communication can help prevent unnecessary delays.
• Keep accurate records: Maintain a log of all conversations, requests, and actions related to your claim. This will not only help you stay organized but also provide a reference for follow-up and ensure nothing falls through the cracks.
• Choose a reputable insurance provider: Opting for a well-known insurance company with a track record of timely claims processing can reduce the likelihood of delays. While price is important, it's worth considering reviews and third-party ratings to gauge a company's claim satisfaction record.

By following these steps, you can help expedite the claims process and reduce the chances of delays in receiving your settlement.

Frequently asked questions