If I am late paying my insurance by two weeks does this mean my insurance has lapsed?

Most insurance companies will give you a certain amount fo time to pay the bill after it comes due, but that limit is generally less than 2 weeks. Your insurance has definitely lapsed if you are two weeks late on your payment. Generally, your insurance has lapsed at precisely 12:01 a.m. on the date stated on your policy.

You will usually receive a notice in the mail stating your renewal date or payment date. This does differ in some states who have a certain number of days for the company to give you before cancelling. This is a grace period before a state required bill of cancellation would be received. Your state insurance regulator will be able to tell you the specifications on whether you have a grace period or not. Your insurance company may have certain rules in reference to cancellations if the state does not.

It is not a good idea to drive with no insurance so you will want to have this reinstated as soon as possible. Different states have different laws so your will want to check with your state DMV to find out if there are any additional fines or if your license will be suspended due to non-payment of insurance. In most states you have to turn your tags in when your insurance has lapsed in order to prevent your licence from being suspended.