If you pay in advance, then yes, you will receive a refund for the unused portion of your payments if you cancel your Geico policy. You can contact Geico to see how much you will receive and when you will receive it. Yes, you can cancel Geico insurance at any time by contacting Geico and canceling your coverage immediately or setting a cancellation date for the future. You pay for car insurance in advance, and since you didn't pay the premium and were out of the grace period, you technically didn't have insurance.
Expensive cars, sports cars and cars with high theft rates are considered to be riskier to insure than cheaper and more practical vehicles. Auto insurance policies are automatically renewed at the end of the term, as long as neither the insurance provider nor the policyholder cancels the policy. If you're ready to make an auto insurance change, the good news is that canceling your GEICO insurance policy is easy and free. Practicing safe driving habits and avoiding traffic violations can help you qualify for lower insurance rates from Geico in the long term.
Because your credit history is correlated with your likelihood of filing an insurance claim, Geico uses your credit data to calculate your premium in states where it's legal. With this information, Insurify can provide drivers with information on how companies set the price of their auto insurance premiums. For example, drivers can get a discount of up to 15% if they insure a car that is three years old or younger. You can reduce your Geico car insurance costs by taking advantage of Geico discounts, opting for a higher deductible and reducing your coverage, among other things.
Follow these steps and you can find the best replacement for your current policy, set up your new policy the right way, and cancel your GEICO policy for continued car insurance coverage. You want to cancel your insurance policy because you think it's a waste to pay for the two months you won't be in your car. Finally, if you're still struggling to pay for your Geico policy, you should consider switching to another insurer.
