Everything You Need to Know About Cancelling Geico Insurance

Geico, one of the largest insurance companies in the United States, offers a wide range of insurance policies, including auto, home, and business insurance. While Geico is known for its competitive rates, there may come a time when you need to cancel your policy. In this article, we’ll explore everything you need to know about cancelling Geico insurance, including the steps you need to take, the fees you may face, and more.

Reasons to Cancel Geico Insurance

There are several reasons why you may need to cancel your Geico insurance policy. Some of the most common reasons include:

• You’re selling your car
• You’re moving to a new state
• You’re switching insurance providers
• You’re no longer driving

No matter what your reason for cancelling your policy, it’s important to understand the process and any fees you may be subject to.

Steps to Cancel Geico Insurance

The process for cancelling your Geico insurance policy may vary depending on the type of policy you have and the state you live in. However, here are the general steps you’ll need to take:

1. Call Geico customer service to start the cancellation process. Be sure to have your policy number handy.
2. Provide your reason for cancelling your policy.
3. Follow any instructions provided by the Geico representative, such as returning your insurance card or cancelling any automatic payments.
4. Pay any fees that may be required to cancel your policy.
5. Receive confirmation of your cancellation in writing.

It’s important to note that cancelling your Geico insurance policy may result in a lapse in coverage, which can have legal and financial consequences. Be sure to have a new insurance policy in place before cancelling your Geico policy.

Fees for Cancelling Geico Insurance

Geico may charge a fee for cancelling your insurance policy, depending on the type of policy you have and the state you live in. Some common fees include:

Be sure to check your policy for any cancellation fees before starting the cancellation process.

FAQ

What happens if I cancel my Geico insurance policy?

If you cancel your Geico insurance policy, you may face a lapse in coverage, which can have legal and financial consequences. Be sure to have a new insurance policy in place before cancelling your Geico policy.

Can I cancel my Geico insurance policy online?

Geico does not currently offer the option to cancel your insurance policy online. You will need to call Geico customer service to start the cancellation process.

Will I get a refund if I cancel my Geico insurance policy?

You may be eligible for a refund if you cancel your Geico insurance policy before the end of the policy term. However, the amount of the refund may be prorated based on the length of time you had coverage.

How long does it take to cancel my Geico insurance policy?

The time it takes to cancel your Geico insurance policy may vary depending on the type of policy you have and the state you live in. Typically, you should receive confirmation of your cancellation in writing within a few days of starting the cancellation process.

Can I cancel my Geico insurance policy at any time?

Yes, you can cancel your Geico insurance policy at any time. However, cancelling your policy may result in a lapse in coverage, which can have legal and financial consequences. Be sure to have a new insurance policy in place before cancelling your Geico policy.

Conclusion

Cancelling your Geico insurance policy can be a straightforward process if you know what to expect. Be sure to have a new insurance policy in place before cancelling your Geico policy, and be aware of any fees you may face. If you have any questions or concerns about cancelling your Geico insurance policy, don’t hesitate to contact Geico customer service for assistance.