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. Progressive customers will receive a refund for unused premiums, less cancellation fees. 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. Learn how we live our core values in our communities. Insurance doesn't have to be complicated. Get simple explanations for all your questions.
Chat now to ask Flo anything or explore the most frequently asked questions. Keep in mind that if you're moving to another state, you won't have to change insurers unless your insurance company doesn't offer coverage in that state. There's no need to cancel your car insurance after selling a car if you're driving a different vehicle. Insurance refunds are usually issued through the same payment method that you use to pay for your insurance.
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. 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 sell your car and no longer need coverage, your insurance company can send you a refund check if your policy is canceled before its term ends. Depending on your insurance company, you may be able to cancel your policy by calling your insurer or agent.
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. I'm thinking of selling my car to offset some of my moving expenses, so I have to cancel my insurance with Progressive. 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 cancel your car insurance in Progressive on May 15, then Progressive will owe you half of the month.
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 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. 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.