Offer them the date of your cancellation. You can offer them the name of your new insurance company if you've chosen one. Depending on your insurance company, you may be able to cancel your policy by calling your insurer or agent. Some insurers may require you to sign a cancellation form.
Since drivers must have a minimum amount of liability coverage for cars in almost every state, make sure you have another company before canceling your current policy. The amount you have to pay to cancel Progressive insurance coverage depends on a few factors, such as the state laws where you live, the term of the policy, and how often you pay the premium. One very important note to remember: don't cancel your Progressive insurance until your new insurance is paid and in effect. The only reason that would delay canceling your car insurance in Progressive would be if you didn't include all the required information.
Progressive charges a cancellation fee of 10% of the premium or a fixed rate in some states, although customers in other states don't have to pay a fee to cancel their auto insurance coverage midway through the policy. There's no need to cancel your car insurance after selling a car if you're driving a different vehicle. If for some reason you didn't pay your bill for May 1 and you canceled it on May 5, then you'll owe Progressive those 5 days of insurance. If you use an insurance broker for your car policy with Progressive, then you won't have to worry about how to cancel your Progressive auto policy.
Since almost every state requires drivers to have liability coverage, you must have a current auto policy with another insurer when you cancel with your current insurer. Keep in mind that if you're moving to another state, you won't have to change insurers unless your insurance company doesn't offer coverage in that state. If you cancel your car insurance in Progressive on May 15, then Progressive will owe you half of the month. However, another reason why Progressive might increase rates after 6 months is that insurance costs across the market have increased over time.
This information is not an insurance policy, does not refer to any specific insurance policy, and does not modify any provision, limitation, or exclusion that is expressly stated in any insurance policy. If you're a new customer of Progressive, your auto insurance premium will increase after the first 6-month policy period if you file a claim or if traffic violations are added to your driving record during that time. To cancel a Progressive insurance policy, call (86) 416-2003 to speak with a customer service representative and make arrangements for the cancellation to take effect immediately or at a future date. Increases in auto insurance rates are often related to increases in the policyholder's insurance risk.