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Are you needing to know how to cancel a progressive car insurance policy? Canceling your Progressive car insurance policy will only take you a few minutes. There is an entire department at Progressive Insurance that assists policyholders with this service. To cancel your Progressive policy, call (866) 416-2003 to talk with a representative. Make sure you have your policy number handy, as you will need it to verify your information.
Once you and your policy info are verified, you can choose a date to cancel. You can immediately cancel your policy or set the cancellation for a future date. It’s important to note you are not allowed to cancel your policy online. You must call a Progressive Insurance representative to cancel. You might first be asked some basic questions like why you are canceling and did you have any issues with Progressive Insurance.
You Might Be Charged a Fee
Depending on the terms of your Progressive Insurance policy, you might be charged a fee to cancel, or you might not. The Progressive Insurance agent will go over your cancellation in detail over the phone with you and discuss any fees that may apply. Also, if you prepaid your policy in advance, you will likely be owed a refund.
The Progressive Insurance representative will go over any money that is owed to you and how it will be refunded, usually via a check or debit, depending on your payment set-up.
How much are Progressive Insurance cancellation fees?
Feedback varies on the fees policyholders are charged by Progressive. Some people reported being charged 10% of their premium, and others had to pay fees of $50 up to $65. Remember, each state sets its own insurance laws, and the fee you pay to cancel your Progressive Insurance policy can vary from state to state. Other factors that will affect the fee you’re charged to cancel are how long the policy has been in effect and the frequency you pay your premium i.e. monthly, bi-annually, or yearly.
Step By Step Process To Cancel a Progressive Auto Insurance Policy
- Call Progressive Insurance Company at (866) 416-2003. Just follow each prompt until you get to customer service.
- Tell the representative you want to cancel the policy and give them your policy number
- Pay any fees or late charges on your Progressive policy
- If you are owed money after canceling your policy, you will receive a check or direct payment.
It’s important if you decide to cancel your Progressive policy to maintain auto insurance coverage with a different insurer so you don’t have any lapses in coverage.
When is it Smart to Cancel Your Progressive Insurance Policy?
There are a number of reasons why you might cancel your Progressive Insurance policy. Here are some common reasons.
- You found a better rate with a different insurer and want to switch
- You filed a claim and were not happy with the payout and want to cancel
- You are bundling your auto-home-life policies together and found a lower rate
- You’re moving out of the country and need to cancel your Progressive policy
It’s often easier to cancel your policy the day it expires if you already have initiated switching coverage to another provider. Then you don’t have to worry about paying fees and or waiting for a refund.
In the end, your decision to cancel your Progressive auto insurance policy needs to make sense for your unique circumstances. If you’ve found a new policy from a quality insurer that will save you 10% or more, then it might make sense.
The lowest automobile insurance rates are usually found online. Using a quote search engine like this one can save you $500 a year or more. Also, if you have just entered military service, you can likely save 15% or more by switching to USAA Insurance.
The more quotes you compare, the more likely you are to save on auto insurance. As you probably already know, car insurance rates have gone up in the past few years, but there are still deals to be found for smart shoppers. You should shop for new rates every six months and, at the least, every year.
To get started on your free quote, enter your zip code and fill out a quick application online. You will be matched with up to ten insurers’ best rates that could save you hundreds in minutes. Now you know how to cancel a Progressive car insurance policy, then get a lower rate first. Save the most on the insurance coverage you need.