The ramifications of missing your premium due date can vary. Possible consequences include a late fee, increased premiums due to a negative (late) payment history, a canceled policy and/or difficulty finding another insurer to cover you. If your policy is canceled and you have not purchased a new one, yet you continue to drive, you also risk a fine, license suspension and other penalties for driving without insurance—and financial ruin if you cause an accident.
Remember that the due date is the date by which the insurer should have your payment in hand, not the day you drop the payment in the mail.
