If the insurance company cancels your policy, you'll normally get a refund from car insurance, unless they cancel the policy for non-payment. If payment doesn't occur, you won't receive any refund and you'll continue to owe the insurer any unpaid premiums. Insurers will generally reimburse you for the unused portion of your policy, assuming you paid in advance. However, depending on your state and the time of cancellation, your insurer may charge a cancellation fee.
Learn how to get a refund on car insurance. With Progressive car insurance, as with most car insurance companies, you can cancel at any time. You don't have to wait until the renewal or until the first day of the month. Some agents and companies will try to make you think that you should wait until a certain date, but this is not the case.
Your contract states that you can cancel at any time for any reason you want. This information is not an insurance policy, does not refer to any specific insurance policy, and does not modify any provision, limitation or exclusion that is expressly stated in any insurance policy. Canceling Progressive Insurance may result in you having to pay certain fees, but in certain situations, you may not have to pay any fees. The only reason that would delay canceling your car insurance in Progressive would be if you didn't include all the required information.
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. If you cancel your car insurance in Progressive on May 15, then Progressive will owe you half of the month. You should start looking for car insurance companies and also compare quotes until you find something that is more convenient for you and you are sure that you want to work with that company. The amount you have to pay to cancel Progressive insurance coverage depends on a few factors, such as the state laws where you live, the term of the policy, and how often you pay the premium.
If you're thinking about canceling your Progressive insurance policy but don't know when you should, don't rush. Most of the time, the auto insurance rate increases as a result of increased insurance risk for the policyholder. 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. Since almost every state requires drivers to have liability coverage, you must have a current auto policy with another insurer when you cancel with your current insurer.
If for some reason you didn't pay your bill for May 1 and you canceled it on May 5, then you'll owe Progressive those 5 days of insurance. If you use an insurance broker for your car policy with Progressive, then you won't have to worry about how to cancel your Progressive auto policy. 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.