February 22, 2024

When you want to cancel Progressive Insurance, you must make sure you follow the right procedures.

Many people work with Progressive Insurance so they can get insurance for their home or car, but after a while, they may decide to nullify their policy or switch providers.

Tips on How to Cancel Progressive Insurance

If you want to know the tips on how to cancel Progressive Insurance, read this article to find out the processes involved.

How to Cancel Progressive Auto Insurance

Have you chosen to cancel your Progressive auto insurance? If that’s the circumstance, then you should make sure you follow the process accordingly.

You can begin the cancellation process offline – at the moment, Progressive Insurance does not permit online cancellations. You will be mandated to call the service and talk to customer service to be able to cancel.

Here are the steps to follow:

  1. Call 1-866-416-2003 to reach out to customer assistance.
  2. Tell them the date of your cancellation.
  3. You can present them with the name of your new insurance carrier if you picked one.
  4. Try to know if you qualify for a refund of the premiums you paid in advance.

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Progressive Insurance Cancellation Fees

Canceling Progressive Insurance may result in you having to pay certain fees – but in certain situations, you may not have to pay any fees at all.

The website of the service says that there is no cancellation fee, but you may also not receive a full refund back.

Typically, some factors affect the amount you have to pay to cancel your Progressive insurance coverage. These factors include how often you pay the premium, how far you are into the policy term, and the laws in your state.

So, before you move ahead with the cancellation, you must reach out to their customer service and ask about what fees you will have to pay, or you can simply check your Progressive policy to find out.

Some people said they had to pay a flat rate between $50 and $65. Other people were levied 10% for their premium. At the same time, some individuals didn’t have to pay any fees.

Your experience may not be identical to another person’s – this is why you have to check the policy or talk to a representative to figure out your cancellation fees.

How to Decide When to Cancel Your Progressive Insurance Policy

If you are considering canceling your Progressive insurance policy but don’t know when you should do it, don’t rush.

You should begin looking around for car insurance companies and also compare quotes until you find something that is more convenient and you are certain you want to work with that company.

It is best to confirm that there aren’t any fees linked to changing policies mid-term, so you do not lose more than you gain in low premiums.

Ideally, you should only switch insurers at the end of the current insurance policy period and make sure that before you cancel Progressive Insurance, you already have a new policy. The last thing you need to do is drive without car insurance.

Reasons to Cancel Your Progressive Insurance Policy

Why would anyone choose to cancel Progressive Insurance? After all, everybody needs car insurance, don’t they? You may choose to cancel your policy for different reasons.

For example, you may have sold your car or it was stolen or totaled in an accident – therefore, you have to cancel your policy.

Another explanation for canceling would be if you change carriers after finding better rates with a different insurance company. You may also decide to bundle your auto insurance with your home provider.

It is vital to bear in mind that you are not forced to keep your insurance policy until the end of it. You can cancel and get one from a distinct provider.

At the same time, you must keep in mind that if you did not pick another policy before canceling, you should not get rid of your car insurance yet if you still desire to drive your vehicle. This is still relevant even if you cannot afford your car insurance.

If you are in a condition where you are unable to pay for your insurance anymore, you should at least consider going for the minimum amount required legally.

A lapse in coverage is typically reported by insurers to the DMV. As a result, you may end up getting your driver’s license suspended or it could impact the registration of your car.

Progressive Insurance Cancellation FAQ

Are there still some things you should know about your Progressive Insurance cancellation? Here are some of the most frequently asked questions.

Can Progressive Insurance Be Canceled Online?

Unfortunately, you cannot cancel Progressive Insurance online at the moment as the service does not permit it. If you wish to cancel, you should do it over the phone rather.

Does Progressive Charge a Cancellation Fee?

In some states, Progressive will demand a flat fee, or it may charge 10% of your premium. Meanwhile, in other states, customers do not have to deal with any cost when canceling their insurance, even if they do it mid-policy.

If there are any unused premiums, customers will get a refund for them, or at least the amount left after taking the cancellation payment.

What Is Progressive’s Refund Policy?

The refund policy of the service states that all customers will get a refund for any premiums that went unused, except for the cancellation fees that may apply depending on the case.

If the insurance policy coverage is canceled by the customer before the end of the policy term, they can obtain a refund.

Also, if someone did not set up automatic monthly payments, then they will obtain their refund in 2-3 business days after the cancellation. People who paid for their policy online, with a check, or by phone will get a refund after 12 business days.

Does Progressive Insurance Raise Rates After 6 Months?

In some circumstances, Progressive will raise its rates after 6 months. If you are a new customer with Progressive, you will realize that the premium of your car insurance policy will rise after the first 6-month policy period, especially if you file traffic violations or a claim to be added to the record in the meantime.

Most times, the rate for auto insurance increases as a result of an insurance risk increase for the holder of the policy. Another explanation is the fact that market-wide insurance costs increase over time.

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Final Thoughts

For ease, to cancel your Progressive auto insurance, you need to call their customer service at 1-866-416-2003 and provide the date of cancellation and the name of your new insurance carrier if applicable.

Progressive may demand a cancellation fee based on factors such as payment frequency and policy terms. It’s vital to review your policy or speak to a representative to understand the specific fees.

Before canceling, compare quotes from other insurers and confirm that there are no mid-term policy change fees. Remember not to drive without insurance and switch insurers at the end of your current policy spell.

Reasons for canceling include selling your car, finding better rates with another firm, or bundling insurance with a home provider.

Avoid a coverage lapse to avert license suspension or registration issues. Online cancellation is not available, and refunds for unused premiums are delivered based on the cancellation fees.

Progressive may increase rates after six months, depending on factors like traffic violations or claims. Ensure to follow the tips in this article and you will have no problems during the cancelation process. Be ready for any potential fees just in case.

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