What happens if I miss a payment?

If you miss a payment with State Fund, there are a few things that may occur. Firstly, a late fee will be applied to your account, which will increase the amount you owe. If the missed payment is not made within a certain timeframe, your policy may be cancelled for non-payment. This would result in a loss of coverage, and you would need to reapply for a new policy. Additionally, missed payments can negatively impact your credit score, as State Fund reports payment history to credit bureaus. It is essential to communicate with State Fund if you are facing difficulties in making payments, as they may be able to offer options such as payment plans or assistance programs to help you meet your obligations.