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. You'll get a refund if you cancel before the end of your policy term. If you are subject to a cancellation fee, Progressive will deduct it from your refund. Progressive charges a cancellation fee of 10% of the premium or a fixed rate in some states, although customers in other states don't have to pay a fee to cancel their auto insurance coverage midway through the policy.
There's no need to cancel your car insurance after selling a car if you're driving a different vehicle. If you sell your car and buy a new one, you'll still need coverage because most states require drivers to have car insurance. If you already have that replacement coverage insured, you can cancel your Progressive insurance the same day you call. Keep your costs low and your coverage ongoing by following these five steps when canceling your car insurance in Progressive.
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. However, another reason why Progressive might increase rates after 6 months is that insurance costs across the market have increased over time. 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 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.
Insurance refunds are usually issued through the same payment method that you use to pay for your insurance. You'll talk to an agent who will need your name, date of birth, Social Security number, and Progressive Insurance car policy number. If you're a new customer of Progressive, your auto insurance premium will increase after the first 6-month policy period if you file a claim or if traffic violations are added to your driving record during that time. To cancel a Progressive insurance policy, call (86) 416-2003 to speak with a customer service representative and make arrangements for the cancellation to take effect immediately or at a future date.
If you cancel your policy after just three months, your insurer will issue an insurance refund for the remaining nine months.