What is Progressive's refund policy?

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 ... read full answercancel a Progressive policy by calling 1-866-416-2003.

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 more information, check out WalletHub’s full ... read full answerProgressive review.

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.