Debit or credit card refunds take about seven days to appear in your account after requesting the refund. Electronic fund transfers take 12 to 15 days. Checks take longer, about 15 days. The check arrives in the mail approximately one week after the 15 days have elapsed.
Some states require car insurance; driving without insurance results in high fines. For example, in Utah you'll need an SR-22 for three years, which will increase your premiums during that period. Because your credit history is correlated with your likelihood of filing an insurance claim, Geico uses your credit data to calculate your premium in states where it's legal. The only limitation to withdrawing your insurance from Geico is if the state requires you to deliver your plate.
Make sure to align your replacement auto insurance policy with the cancellation date of your current Geico policy. For example, drivers can get a discount of up to 15% if they insure a car that is three years old or younger. Check with your Geico insurance agent to find out when your policy will continue, or check your policy document. Moving to another state, destroying your vehicle, changing your marital status, finding better rates, selling a car and moving to a lower-risk area are valid reasons to cancel your Geico insurance.
Geico car insurance is particularly one of the company's pillars because of its high reimbursement rate and timely services. Practicing safe driving habits and avoiding traffic violations can help you qualify for lower insurance rates from Geico in the long term. Finally, if you're still struggling to pay for your Geico policy, you should consider switching to another insurer. Yes, you can cancel Geico insurance at any time by contacting Geico and canceling your coverage immediately or setting a cancellation date for the future.
Most car owners will cancel an insurance policy if they find a cheaper premium that offers the same or better benefits than the previous insurance. Expensive cars, sports cars and cars with high theft rates are considered to be riskier to insure than cheaper and more practical vehicles. You can reduce your Geico car insurance costs by taking advantage of Geico discounts, opting for a higher deductible and reducing your coverage, among other things. Take out another insurance policy immediately before canceling your Geico insurance to avoid incurring costs.
For example, the Geico agent may ask you for your insurance policy number or verify it after requesting some personal information. If you choose to cancel your Geico insurance policy, you should know how to cancel the policy correctly.