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Progressive’s refund policy states that customers will receive a refund for any unused premiums, minus any cancellation fee that may apply. As long as coverage is canceled before the policy term ends, Progressive customers will get a refund.
Customers who have automatic monthly payments set up with Progressive will get their refund within two or three business days of canceling their policy. Customers who pay for their policy with a check, through the online portal, or by phone will generally see their refund from canceling a policy after about 12 business days.
People also ask
Does Progressive charge a cancellation fee?
Progressive charges a cancellation fee of 10% of your premium or a flat fee in some states, though customers in other states do not have to pay a fee for canceling their car insurance coverage mid-policy. Progressive customers will receive a refund for any unused premiums, minus any cancellation fee. Drivers can cancel a Progressive policy by calling 1-866-416-2003.
Who owns Progressive insurance?
Progressive is owned by its shareholders, as it is a publicly-traded company. The biggest shareholders are The Vanguard Group, BlackRock Fund Advisors, and Wellington Management, which have a combined ownership stake of almost 20%, according to public records, as of Q1 2021.
Progressive was founded in 1937 by Joseph Lewis and Jack Green. In 1965, Peter B. Lewis, the son of Joseph Lewis, took over the company. Progressive then went public in 1971. For...
read full answer by Lilah Butler, Car Insurance WriterHow do I cancel Progressive insurance?
To cancel Progressive insurance, you must call customer service at (888) 671-4405. You will need to provide basic information about yourself, your Progressive policy number, and the date you would like your policy to end. Progressive may also ask for the details of your new car insurance policy to verify you won’t be driving without insurance. If you’ve already paid your premium for the policy period in full, Progressive will refund the unused portion, minus any cancellation...
read full answer by Delaney Simchuk, Car Insurance WriterDid we answer your question?
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This is incorrect - I called to cancel the automated withdrawal, the employee at progressive said it wasn’t going to be taken out. June 30th they took it anyways, I cancelled July 3rd and emailed Griffith the CEO about the shady way the require you to call when you try to cancel automated payment. I received no response. The said I would get my refund July 13 and I am still waiting. So if you do cancel automated payments make sure you get it in writing and don’t expect refund right away.