There is no fee to cancel a GEICO insurance policy. If you paid your policy in full, you'll get a refund for any unused portion of your premiums. It's also worth checking the prices every time there is a change in circumstances that could affect your rate, such as insuring a new car or adding a new driver. It's usually easiest to change your car insurance company at the time your policy is renewed, but if you choose to switch in the middle of the policy, your current insurer will normally reimburse you for unused premiums, less cancellation fees.
You should switch your car insurance to another company when you can find a cheaper rate for the same amount of coverage without sacrificing aspects such as customer service. If you want to cancel your Geico car insurance policy, remember to take the important steps above before ending your coverage. With this information, Insurify can provide drivers with information on how companies set the price of their auto insurance premiums. Here are step-by-step instructions on how to cancel your Geico insurance policy, as well as essential tips to consider when buying new insurance.
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. The cheapest insurer for an old car may not be the cheapest for a new car or special vehicle, since each insurer calculates rates differently. Also, keep in mind that the price an insurance agent quotes for you could increase, especially in the case of life insurance. For example, if you cancel your car insurance policy from a home and car insurance package, you're only left with the home insurance policy, which doesn't count as a package.
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. Since you should have already taken out another car insurance policy (if you are going to continue to own and drive a vehicle), it's time to choose the date on which you want your Geico policy to be canceled. However, you might be able to get such an affordable car insurance deal from a new insurer that it's worth splitting an insurance package and losing a discount for multiple policies. Car insurance is mandatory in most states, but that doesn't mean you have to pay a premium to get the coverage you need.
Your policy number is usually on an insurance card, on your insurance contract documentation, or online in your Geico account.