You may have to change car insurance companies when you move to another state if your current provider doesn't sell insurance in the state you're moving to. If you stay in the same state, you won't have to change insurance companies. If you're moving to another state, check with your car insurance provider to make sure they offer coverage in your new state. Renewing your car insurance is often a simple process.
Your insurer will contact you by mail or email with the updated rate. If you accept the updated rate, simply make a down payment or pay your renewal quote in full. This is something to consider when choosing a deductible. Your insurance company can issue a refund if your policy is canceled and you have paid your premium in advance.
Receiving an insurance refund will largely depend on the reason you canceled the policy and the amount of the premium you paid in advance. If you pay the full premium up front, you'll usually get a refund when you cancel your policy. If you pay your premium monthly, you may or may not receive a refund depending on when you cancel. Your car insurance could increase or decrease depending on several factors, including the claim history of your new area.
However, the vehicle must be regularly parked at your residence overnight for Progressive to insure it in your policy. If you cancel your policy after just three months, your insurer will issue an insurance refund for the remaining nine months. You can opt for a higher car insurance deductible because you're betting against having an accident, but if you've had accidents in the past and drive often on higher-traffic roads, you're more likely to file a claim and pay a deductible. If the insurance company cancels your policy, you'll normally get a refund from car insurance, unless they cancel the policy for non-payment.
You can pay for your car insurance policy by credit card, PayPal, online check, personal check, money order, or electronic funds transfer (EFT) from your checking account. After you pay the amount of the car's deductible, your insurer will cover the remaining cost to repair or replace your vehicle. 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. A low deductible means a higher insurance rate, while a high deductible means a lower insurance rate.
If you lend your car to someone and that person causes an accident, Progressive may cover some of the damages they are responsible for. Because car insurance requirements vary from state to state, you'll need to get a new insurance policy if you move out of your current state. 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. If it's been a few months since you received your quote, the rates in your area may have been revised, which could decrease or increase the price you pay for your car insurance 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. If your car insurance deductible is greater than the cost of damage to your vehicle, you'll pay the full cost out of your pocket, since the insurer only covers damages that exceed the amount of the deductible.