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. There's no need to cancel your car insurance after selling a car if you're driving a different vehicle.
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. 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. Depending on your insurance company, you may be able to cancel your policy by calling your insurer or agent. One very important note to remember: don't cancel your Progressive insurance until your new insurance is paid and in effect.
If the insurance company cancels your policy, you'll normally get a refund from car insurance, unless they cancel the policy for non-payment. 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. 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.
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 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. 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're a new customer of Progressive, you'll see your car insurance premium 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.
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. 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. However, another reason why Progressive might increase rates after 6 months is that insurance costs across the market have increased over time.