State Farm Grace Periods Explained in Clear Language (All Types Shown)

Short Answer: There are two types of State Farm grace periods: a grace period for coverage after buying a new car and a grace period for auto insurance or auto loan payments. The State Farm grace period when buying a new car is 14 days. That means you have two weeks to add a new car to your existing State Farm auto insurance policy — after which time your new car won’t be covered until you add it. For auto insurance or auto loan payments, the State Farm grace period is 10 to 30 days, depending on your account type, where you live, and your payment plan. For more on State Farm grace periods, see below.

State Farm New Car Grace Period

After you buy a car, you have 14 days to add the vehicle to your insurance policy, State Farm insurance agents said. That means, if you already have a State Farm auto insurance policy, State Farm will automatically extend coverage to your new vehicle for up to 14 days — known as a grace period. Keep in mind that if you don’t officially add the car to your policy before the grace period ends, it will not be covered by insurance. Penalties for driving without insurance vary by state and can include fines and even a suspended license.

State Farm Auto Insurance & Auto Loan Payment Grace Periods

The grace period for State Farm auto insurance payments varies depending on where you live and the type of payment plan you have (e.g., monthly payments or semiannual payments). Typically, the grace period is between 10 and 30 days, a State Farm customer service representative said. To find out how long you have before you risk a lapse in coverage, contact your State Farm agent.

Meanwhile, the grace period for State Farm auto loan payments is 10 days. If your payment is received more than 10 days after your due date, you will be charged a late fee and additional interest, according to the State Farm website. Late fees and interest charges vary. For specifics, you can log in to your State Farm account online. Continued missed payments can negatively impact your credit and can lead to repossession of the vehicle.

In either instance, if you think you are going to be late on a payment, it’s best to contact your State Farm agent to discuss your options.