Policyholders can cancel their car insurance policy at any time and for any reason. And you'll never have to wait until the end of your policy period to cancel it. Even if your policy started just a few days ago, you can cancel it. Your insurance company can issue a refund if your policy is canceled and you have paid your premium in advance.
Receiving an insurance refund will largely depend on the reason you canceled the policy and the amount of the premium you paid in advance. If you pay the full premium up front, you'll usually get a refund when you cancel your policy. If you pay your premium monthly, you may or may not receive a refund depending on when you cancel. Learn how we live our core values in our communities.
Insurance doesn't have to be complicated. Get simple explanations for all your questions. Chat now to ask Flo anything or explore the most frequently asked questions. Many people work with Progressive Insurance to be able to get insurance for their home or car, but after a while, they may decide to cancel their policy or switch providers.
Because insurance premiums are determined in part by where you live, you can get a lower rate on your new policy if you move to an area where rates are cheaper, and your insurer can reimburse part of your insurance premium. You can start the cancellation process offline; at this time, Progressive Insurance does not allow online cancellation. When you want to cancel GEICO insurance or any similar service such as Progressive Insurance, you should make sure you follow the right steps. If you sell your car and no longer need coverage, your insurance company can send you a refund check if your policy is canceled before its term ends.
If you change your car insurance company and find better rates with another insurance company, you may want to cancel your current policy before it expires. If you're a new customer of Progressive, you'll notice that your auto insurance premium will increase after the first 6-month policy period, especially if you file traffic violations or a claim to be added to the registry in the meantime. Canceling Progressive Insurance may result in you having to pay certain fees, but in certain situations, you may not have to pay any fees. If you cancel your policy after just three months, your insurer will issue an insurance refund for the remaining nine months.
If you're thinking about canceling your Progressive insurance policy but don't know when you should, don't rush. Insurance refunds are usually issued through the same payment method that you use to pay for your insurance. The ideal would be to change insurers only at the end of the current policy period and make sure that, before you cancel Progressive Insurance, you already have a new policy. If you decide to cancel your policy or your insurance company cancels it, you usually won't receive a refund from car insurance unless you've paid the premium in advance.