Grace Periods?????? On Auto Insurance???

I hhave checked with several diff. insurance companies about a grace period after being cancelled, and was told that some companies have 15 ,20, and 25 days of coverage even after being canceled. Can any 1 give me some advice on this b cause the place where my car is or where it was towed said that my ins. com. told them that they would take care of the bill, and this was 10 days after my accident. I am the one that just posted the question, about my insurance. Any advice would b much appreciated,

I sell insurance in Florida….can’t speak for all states but a “grace period” is a myth…..the only way you have one is if you are paid ahead by 10-30 days….

and while you get the chance to re instate before 30 days after cancellation, that just means to start the policy again and keep the tenure with the company…it DOES NOT mean that you get the week or two or three that you had not paid covered for free. Nothing is free in the insurance world, for example if the policy lapsed for non payment on the 10th and you had an accid ont the 15th unless you were paid ahead, in which most cases you would not have been cancelled, even if your company will re instate the policy they ARE NOT going to pay for anything that happened between midnight on the 10 up until the actual time you made a payment….most of the times you even have to sign a disclosure stating there was no damage to the car during that period and if there was the insurance company is exempt from it.

I don’t think this is the answer you wanted but it is the way it is, at least in florida. I can not imagine any company just feeling bad and covering it….that just does not happen in the real world.

What volume of the US Auto insurance market is sold “direct”? e.g. internet, phone, mail(not via local agents)

The Auto insurance market has historically sold policies via local agents: either “independent” agents (e.g. they sell several brands) or “captive” agents(e.g. the sell only one brand). There has been a great deal of media focus on growth in the volume of policies sold via the internet (with no agent involvement) or via the phone to a call center. Insurance providers GEICO and Progessive are leaders in this method.

Someone in the world has the information your looking for, unfortunatly It’s going to cost you some $$ to get it.

Groups like PCI, NAIC & III have people who gather insurance filings from all fifty states and create reports. But unless you’re a member of their organization or pay for the reports, you’ll have to gather bits and pieces from various places like media reports: http://www.iii.org/media/facts/statsbyissue/auto/

From raw data I’ve seen, direct writers account for around 20% of the personal auto insurance market. However a significant % of premium written by Progressive & GEICO (the #3 and #4 largest personal auto insurers) are written though their agency force.

Good luck in your search.