What are the consequences of delaying car insurance payment?
2 Answers
Pay higher premiums and lose coverage. Below is relevant information about delaying car insurance payment: 1. Delay period: Do not exceed 48 hours. Generally, if compulsory insurance lapses for 48 hours, the discount will be lost and the original price will be reinstated. For commercial car insurance, if it lapses for 3 to 6 months, the premium will increase by 10%. 2. Renewal time before expiration: It is advisable to renew at least 1 month in advance. Car insurance can generally be renewed up to 3 months in advance, and individual choices may vary. Whether renewing early or late, it is best not to exceed 24 hours past the insurance expiration date, as it will be considered lapsed. Generally, it is recommended to renew at least 1 month in advance to avoid delays in the renewal process due to procedural issues.
I've always believed that procrastinating on car insurance is a major taboo. As an experienced driver, I've witnessed too many tragedies: once your insurance expires without timely renewal, your vehicle is left completely unprotected. If you're involved in an accident on the road, you'll have to pay for others' medical or vehicle repair expenses out of pocket, which can easily amount to tens of thousands of yuan—some people even go bankrupt because of this. Even worse, if caught driving without insurance by the police, you could face fines ranging from hundreds to thousands of yuan, plus points deducted from your license, which affects future insurance rates. The safety risks are enormous. I personally set a calendar reminder on my phone and renew my insurance via an app a week in advance—it takes just seconds and saves me from unnecessary worry. Don't underestimate this; life safety is no joke. Regularly checking your insurance expiration date is crucial for ensuring your family's safety.
