Caspar SR22

Q: What will happen if I pay my Caspar SR22 premium a couple of days late?

A: You’ll be okay. In Wyoming, you get a 30 day grace period for insurance premium payments. Which is to say that if you pay your premium a month after it was due, then anything that happened during that period which would normally be covered under your policy would be covered. Which doesn’t mean you should just go around paying every other month, because eventually you will awaken the beast. Although an insurance company may not cancel your Caspar SR22 insurance policy for consistently paying a couple weeks late, if you do it often enough, they might not renew it when the time comes.

What’s the difference between cancellation and nonrenewal, anyway? Cancellation is a lot more difficult to get hit with, since there are more regulations surrounding it. Normally, in order to get your Caspar SR22 insurance cancelled, you have to not pay within the grace period, have your license suspended or revoked, or your lie or misrepresent yourself.

On the other hand, your company may not renew your Caspar SR22 because you pay late a lot, file a bunch of claims, or have a lot of tickets, among other reasons.