If your binder expires and you still don’t have a policy, you could be driving uninsured. Make sure to follow up with your insurance company about the underwriting process and when you can expect to get a policy. The length of the binder’s validity is rarely an issue.Īn insurance binder doesn’t guarantee coverage. Most insurers issue a policy within a day to a week, but rarely more than 30 days. Typically, a car insurance binder is valid for 30-90 days, depending on the insurer and the state you live in. ĭuring this period - also known as the underwriting phase - the insurance company can issue an insurance binder as temporary proof of insurance coverage until you receive a certificate of insurance or auto insurance card. When you purchase a new car, take out a car loan on a new-to-you ride, or change your car insurance policy, there may be a delay between when you make any changes to your policy and when the insurance company issues the new policy documents. An insurance binder for car insurance is a temporary document and agreement between you and your insurance company that acts as proof of insurance until you’re issued a permanent policy.
