If you want to cancel your policy, GEICO makes it easy for you with no cancellation fees*. No, Geico doesn't charge a cancellation fee to customers who cancel their auto insurance coverage midway through the policy. Drivers can cancel a Geico policy by calling (800) 841-1587 and will receive a full refund for unused premiums. If you paid for your Geico insurance policy in advance and cancel it before the renewal date, you will receive a refund for any unused portion of your policy.
It can also help you compare prices more precisely between different car insurance companies, since you'll be comparing the same type of coverage and the same coverage limits. Remember that you'll want to have a new car insurance policy already set up and ready to work if you plan to continue to own and drive a vehicle after you cancel your Geico policy. For example, if you cancel your car insurance policy from a home and car insurance package, you're only left with the home insurance policy, which doesn't count as a package. Insurers generally charge lower premiums to homeowners, and you can also get a discount for multiple policies if you insure your home and car with the same company.
Whether you have a life insurance policy, a boat insurance policy, or a homeowners insurance policy, the process is pretty much the same. He currently uses his experience in business and insurance to provide analysis and visualization of insurance data to improve the user experience. It's usually easiest to change your car insurance company at the time your policy is renewed, but if you choose to switch in the middle of the policy, your current insurer will normally reimburse you for unused premiums, less cancellation fees. If you have multiple insurance policies with Geico, such as a home and car insurance package, you'll likely qualify for a multi-policy discount on your rates.
Most insurance companies require that you pre-pay your insurance policy, so you are usually paid in advance until a future date. Car insurance is mandatory in most states, but that doesn't mean you have to pay a premium to get the coverage you need. Car insurance rates vary dramatically by age, with particularly steep drops when the driver turns 19 and 21. Some states require that you have insurance for the vehicle until you hand in the license plates, and Geico can directly notify your state of the cancellation date of your insurance. When the interactive voice response system prompts you, say “cancel the insurance policy” and then “automatic” if you are going to cancel your car insurance policy.