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 pay in advance, then yes, you will receive a refund for the unused portion of your payments if you cancel your Geico policy. You can contact Geico to see how much you will receive and when you will receive it.
Your insurance company may require a bill of sale before allowing you to cancel to show that you won't drive without insurance. There are generally two types of fees that auto insurance companies charge for cancellation, fixed rates and short-term rates. In addition, if you cancel your Geico policy because you disposed of your car, you may have to submit proof, such as a sales invoice, so that Geico knows that you won't. 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.
You want to cancel your insurance policy because you think it's a waste to pay for the two months you won't be in your car. Some auto insurance companies also charge a fee for canceling your policy before the policy term ends. To cancel a Geico insurance policy, the policyholder must call Geico to speak directly with a customer service agent.