Does Progressive charge a cancellation fee?

To cancel a Progressive insurance policy, call (866) 416-2003 to speak with a customer service representative and arrange for the cancellation to take effect immediately or at a future date. You can’t cancel Progressive insurance online, but you can cancel over the phone at any time. Just remember to purchase a replacement insurance policy that takes effect prior to cancellation in order to avoid a lapse in coverage, if you plan to continue driving.... read full answer

How to Cancel Progressive Auto Insurance

1. Call (866) 416-2003 and follow the prompts to speak to a representative.
2. Provide the date you want the cancellation to go into effect.
3. Pay any necessary cancellation fees.
4. Confirm that you receive a refund for unused premiums.

Progressive says you will be refunded the money you paid in advance for coverage you won’t use. Unfortunately, they don’t give details about how they pro-rate refunds or whether they charge any cancellation fees.

Progressive Insurance Cancellation Fees

Customers report a range of experiences with Progressive’s cancellation fees. Some were charged 10% of their outstanding premium, while others paid a flat rate of $50 to $65. Many say they paid no fees at all.

The amount you have to pay to cancel Progressive insurance coverage depends on a few factors, like state laws where you live, how far into the policy term you are, and how often you pay your premium. Check your Progressive policy or speak with customer service to confirm what fees (if any) you’ll have to pay before you cancel.

How to Decide When to Cancel a Progressive Insurance Policy

It’s a good idea to shop around for car insurance and compare quotes from different companies. But make sure you don’t lose more in fees by switching policies mid-term than you gain in lower premiums.

It’s usually easiest to wait until the end of your policy period to switch insurers—just make sure you have a new policy in place before you cancel with Progressive. Driving without insurance can have serious consequences, and a lapse in coverage of any length can make future rates more expensive.

Yes, you can switch car insurance at any time. It’s usually easiest to switch car insurance companies at the time of your policy renewal, but if you do choose to switch mid-policy, your current insurer will typically refund you for any unused premiums minus any cancellation fees.

When switching insurers, it’s important to avoid any gaps in coverage. In other words, you should make sure that your new policy starts before you ... read full answercancel your old one.

To learn more, check out WalletHub’s guide to switching car insurance.

You should switch your car insurance to a different company when you can find a cheaper rate for the same amount of coverage without sacrificing in terms of things like customer service. It’s actually best to compare quotes and consider switching insurance companies every 6-12 months in order to minimize costs. It’s also worth checking prices anytime you have a change in circumstance that will affect your rate, such as insuring a new car or adding a new driver.... read full answer

When to Consider Switching Car Insurance Companies

When You Add a New Driver

Adding a teenager to your insurance policy costs 140% to 160% extra, on average. On the other hand, adding an experienced driver could increase or decrease your premium, depending on the exact scenario. As a result, it’s well worth shopping around before simply accepting a new rate from your current insurer.

When You Reach a Threshold for Age or Experience

Car insurance rates vary dramatically by age, with particularly sharp drops when a driver turns 19 and 21 years old. Similarly, when a driver has been on the road for at least five years, they will usually be able to get a lower rate.

When You Add or Replace a Car

The cheapest insurer for an older car might not be the cheapest for a brand new car or a specialty vehicle, since each insurer calculates rates differently. If you’re adding a vehicle, you should also factor in any multi-car discounts that are available from different companies.

When Your Driving Record Changes

If you were recently cited for a moving violation, each insurer will adjust your rates by a different amount, so switching could make sense. Similarly, some insurance companies will look back at only three years of your driving history, while others will evaluate a longer period. As a result, it’s a good time to shop around for a better price when violations or claims reach the three-year milestone. Getting a copy of your driving record and your CLUE Report can help you time things right.

When Your Credit Score Improves

Your credit score can be a major factor in car-insurance pricing. If it has improved, let your current insurer know and then see if other companies can beat your insurance company’s price.

When Your Insurance Needs Change

Financing a new car or paying off a loan may change the coverage types you need to carry. You may also want to reevaluate your policy limits and deductible.

When Your Marital Status Changes

Married drivers usually pay less for car insurance than single drivers, so make sure to notify your insurance provider about your nuptials. You should also take the opportunity to see if another insurer will offer a lower premium.

When You Become a Homeowner

Your status as a homeowner rather than a renter can affect your premiums. Insurers often charge lower premiums to homeowners, and you can also get a multi-policy discount if you insure your home and car with the same company.

When Your Education Level or Employment Changes

Earning a college degree will lower your rates with some insurers more than others. Some companies also offer a low-mileage discount, which could benefit you if you get a new job with a shorter commute.