Find out if you can get a refund on your car insurance premium. On average, you should prepare to wait 2 to 4 weeks for an insurance company to reimburse your premium. Canceling Progressive Insurance may result in you having to pay certain fees, but in certain situations, you may not have to pay any fees. The service's website states that there are no cancellation fees, but you may not receive a full refund either.
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. 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. 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. At the same time, you should keep in mind that if you didn't choose another policy before canceling, you still shouldn't get rid of your car insurance if you still want to drive your vehicle.
If you didn't make this change long before your policy was renewed, or even during the middle of the policy term, your old insurer will owe you the amount you overpaid for their “too expensive” insurance. Most of the time, the auto insurance rate increases as a result of increased insurance risk for the policyholder. If you're a new customer of Progressive, you'll notice that your auto insurance premium will increase after the first 6-month policy period, especially if you file traffic violations or a claim to be added to the registry in the meantime. 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're looking for cheap car or home insurance, the best thing to do is compare prices and get quotes from several providers. You can start the cancellation process offline; at this time, Progressive Insurance does not allow online cancellation. This information may be different from what you see when you visit the website of an insurance provider, insurance agency, or insurance company. Unfortunately, you can't cancel Progressive Insurance online right now, as the service doesn't allow it.
In general, some factors affect the amount you have to pay to cancel your Progressive insurance coverage. You should start looking for car insurance companies and also compare quotes until you find something that is more convenient for you and you are sure that you want to work with that company. 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.