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It depends on two things - how late were you and what state do you live in? Almost all the states allow you to be reasonably late on your payments - less than 2 weeks - without the policy cancelling. If you had already gone through the grace period and your policy actually lapsed (went out of force), then you would be responsible for the damages caused by your accident.

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Q: What if you had a wreck and was late on your insurance payment?
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