How to Cancel Your GEICO Auto Insurance? Tips and Tricks

In this article, we will show you how to cancel your GEICO Auto insurance. We will also explain Geico’s Cancellation Policy and Fees.

Calling GEICO’s customer service at (800) 841-1587 and speaking with an agent will allow you to cancel your auto insurance with them. Additionally, you can cancel your policy by email or through the GEICO app’s chat feature.

You will be able to find the best replacement for your current policy, set up your new policy the right way, and cancel your GEICO policy so that you have continuous car insurance coverage. Keep reading.

Table of Contents

How to Cancel Your GEICO Auto Insurance?

Here the step-by-step guide:

Check the Renewal Date

Find your renewal date to get started. It’s simpler to cancel at the end of a policy. If you pay your premiums in full, you are eligible for a refund, so it’s a good idea to know how long your current policy will last.

There are several places to find your renewal date, also known as the expiry date, with a GEICO policy:

Your insurance card
Your policy documents
Your account via the GEICO mobile app
Your account via GEICO.com

Compare Car Insurance Quotes

Make sure you know what’s in your current policy before you start comparing. The different types of auto insurance coverage (such as comprehensive, collision, etc.) should be your first priority.) and their coverage limits. Next, you should note any discounts you currently receive, the value of those discounts, and any additional perks and benefits included as a GEICO customer.

Using a tool like Insurify makes comparing auto insurance easy. To view real quotes without sharing your information, fill out our secure form with your information. Compare coverage options side by side to find the best fit for your unique policy requirements. It’s that easy.

How to Cancel Your GEICO Auto Insurance? Tips and Tricks

Think About Why You’re Leaving GEICO

A problem with the cost or a problem with the insurer are the two main justifications given by most people for switching auto insurance providers. GEICO is difficult to beat in terms of price. Before switching, it’s important to speak with a GEICO insurance agent if you do discover a lower rate. They can ensure you’re taking advantage of all the valuable discounts the company offers.

You can frequently get a lower rate without switching policies by completing a quick agent review. But if your issue is bigger than price, you can also look at quotes from GEICO’s top alternatives. Despite the fact that some businesses may offer slightly higher rates, you can still find a great deal (or a better deal) while getting more of what you want from your insurer. Read more: Average Cost of Car Insurance

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Secure a New Policy

Your goals for your new insurance policy are now crystal clear, whether you’re looking for a better deal or a better overall experience. You also know exactly what your policy should cover. You’ve compared customer feedback and car insurance quotes from at least five businesses in your ZIP code. And you’ve chosen the very best option based on your needs and preferences.

It’s time to buy your new policy. Using Insurify, you can buy quickly online by following the “buy now” link on your quote. Call one of our independent agents at 1 (866) 656-8440, however, if you have any questions and would like to speak with a helpful person. They can provide information, protect your policy, and guarantee that it begins on the appropriate day and covers your needs. Check for How to Get Car Insurance Before Buying a Car?

Cancel Your GEICO Policy

It’s time to cancel your GEICO policy now that you’ve purchased a new one through Insurify. Use this phone number to get in touch with customer service: (800) 841-1587. To cancel your policy, contact your GEICO agent. You should be prepared with your GEICO policy number. The salesperson will likely try to persuade you to continue working for the company. That’s a standard practice.

A few things to keep in mind when you cancel your GEICO policy:

The day following the start date of your new policy should be the cancellation date.
You may want to have your new policy’s documents, especially the declarations page, handy. This will include your policy dates as well as the types and limits of your insurance.
Ask how to get your refund in a timely manner if you paid in full because you are entitled to one if you didn’t.
If you bundle with homeowners, renters, or life insurance, you will need to decide if you’re switching those policies as well. You may want to know: How Long Does It Take to Get Car Insurance?

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Follow Up on the Refund

Full payment is a great way to reduce your auto insurance costs even further. Even though switching policies after making a full payment might seem difficult, GEICO makes it simple. The majority of the time, a credit will be sent directly to your bank account via an ACH deposit. Another possibility is a check in the mail. It depends on how you plan to pay. Full coverage car insurance is a great choice especially choosing car insurances.

Simply ask the customer service agent when you should receive your refund and make a note in your calendar. Obtaining proof of your cancellation and the expiration of your policy is another important step you should take. Make a follow-up call to customer service and have your receipts available if you haven’t received your refund by the deadline. Check for What Age Does Car Insurance Go Down?

The Fastest Way to Cancel Your Geico Auto Policy

Geico will only cancel your policy over the phone, unlike many insurers who accept cancellations via multiple channels. Here’s the process, as outlined on Geico’s website:

Call 800-841-1587.

An interactive voice response system that asks you why you’re calling should take your call. You can say, “Cancel insurance policy” and then, “Auto.”

Your call will be transferred to a representative who will process the cancellation using your Geico policy number. Explore the answer:How Much is Car Insurance for a 16-year-old, Average Cost of Car Insurance for 18-Year-Olds

Geico’s Cancellation Policy

Thankfully, Geico does not have a convoluted cancellation policy. The main takeaway is that you must contact an agent directly by dialing 800-841-1587. The agent will ask for your policy number and the date you would like the policy to end in order to record the cancellation. You can cancel the coverage immediately or on some future date. After the cancellation date, you are no longer liable for your auto premiums. You ought to receive a partial refund if you paid for premiums before the cancellation date.

You may be interested: How Much Does General Liability Insurance Cost?

Geico Cancellation Fees

The cancellation fees at Geico are waived. However, you might be charged what’s known as a short rate if you cancel in the middle of a coverage term. When you pay a short rate, the carrier raises your premiums for the term by a certain percentage before subtracting your prorated fees from the higher total.1 Only certain states, like New York, allow this practice.

Here is how a short rate functions in comparison to a typical pro-rating. Take the example of starting your policy on June 1 with a $100 for 30 day premium. You end the coverage on May 15. If the premium were prorated, you would be responsible for paying $3.33 per day of coverage, or $50 for the entire 15-day period. However, if a short-rate is used, the carrier will first prorate the premium after adding a certain amount, say 10%. Your new premium is now $110 total, or $3.67 per day. Next, $55 would be due to cover the 15 days of coverage. The short rate does lead to higher costs, even though it isn’t officially called a cancellation fee. Why is Car Insurance So Expensive?

Geico only uses short rates in certain states and when you cancel mid-term. By terminating your Geico coverage on the day the policy term would ordinarily expire, you can prevent paying this additional fee.

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FAQs

Does Geico Charge a Cancellation Fee?

Geico doesn’t inherently charge a cancellation fee. Certain states allow insurers like Geico to charge you a short rate if you cancel in the middle of your policy’s term. A short rate is a percentage that’s added to your premium and then pro-rated for the days you were covered.

How Quickly Can I Cancel My Geico Insurance?

Upon calling, Geico can immediately revoke your insurance.

What Should I Do Before I Cancel My Geico Insurance?

Make sure you have other insurance in place before canceling your Geico policy. The only exceptions are when moving out of the country or permanently getting rid of your car.

How Long Does It Take to Cancel GEICO?

An over-the-phone cancellation of your GEICO policy may take effect as early as the following business day. It takes little time to call the customer service number. In less than 10 minutes, most people complete the cancellation process. Know that GEICO gives customers a nine-day grace period to make a payment if you’re worried about cancellation due to nonpayment.

Summary: How to Cancel Your GEICO Auto Insurance?

Simply contact GEICO’s customer service at (800) 841-1587 to cancel your auto insurance. Additionally, you can cancel your policy by email or using the GEICO app’s chat feature.

If you have any questions, please leave a comment. KV Auto tries to give you the best car industry information. Thank you for reading.