Whenever coverage is canceled before the end of the policy term, Progressive customers will receive a refund. Customers who have automatic monthly payments set up with Progressive will receive their refund within two or three business days of the cancellation of their policy. 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. For example, let's say the term of your policy is 12 months and you pay the premium for the whole year in advance.
If you cancel your policy after just three months, your insurer will issue an insurance refund for the remaining nine months. Each company involved can have an “accounting period of up to 30 days”. An insurer may require 30 days notice to offer a return premium. 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. If you cancel your car insurance in Progressive on May 15, then Progressive will owe you half of the month. 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. Stopping using Progressive Insurance midway through the term of your auto policy could result in a cancellation fee.
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. An expiration in insurance can end up costing you a lot of money and even result in the suspension of your license if you are caught driving without car insurance coverage. You'll talk to an agent who will need your name, date of birth, Social Security number, and Progressive Insurance car policy number. Progressive Insurance's refund policy may be different from the State Farm cancellation refund or the Allstate cancellation and refund policy.
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. If you already have that replacement coverage insured, you can cancel your Progressive insurance the same day you call. If you have boat insurance or home insurance with Progressive, the measure could increase your rates on those other policies. For example, if you have a Progressive policy, Progressive Insurance has the ability to deliver a premium refund check within seven business days of cancellation, which is quite surprising as far as insurance companies are concerned.
This information may be different from what you see when you visit the website of an insurance provider, insurance agency, or insurance company. If you cancel during the middle of the policy term, Progressive Insurance will refund premiums for unused days, less cancellation fees. The only reason that would delay canceling your car insurance in Progressive would be if you didn't include all the required information.