Can you cancel online?
Unfortunately, GEICO Insurance does not currently offer online cancellations. You will need to speak to an agent to cancel your policy.
Do you need to provide additional information?
Additional information may be required under applicable state law, but be sure to prepare the following items, if applicable:
- Proof that you sold your car
- Evidence that you have lost your registration number
- Evidence that you have invested in new car insurance
Failure to provide them may delay your cancellation request from GEICO. In other cases, you may have to pay additional fees.
Why cancel your GEICO insurance?
Most of the time, GEICO insurance is inadequate, no matter how good. Fortunately, canceling GEICO is simple and painless. If you have the following valid reasons under GEICO’s termination rules, you may choose to cancel:
- You have experienced poor customer service.
- You want to buy a new car or sell the old one.
- You are having difficulty paying your premium due to financial hardship.
- You want to have access to better insurance rates.
- You need to move to a new country.
- You want to switch to another insurance provider.
Is there an alternative to cancel?
If you are unsure about your cancellation, GEICO offers flexible solutions, but they will depend on the specific circumstances.
If you are one of those who want to change their marital status, for example, they may pay special attention to you. They can also accept your other requests like in-stock auto coverage.
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It is always worth contacting a GEICO agent to find out more about possible alternatives.
When is the best time to cancel your insurance policy?
The reasons listed above indicate why you should cancel your insurance, but when is the best time to do so?
Remember that timing is everything, as you need to have a safety net in place before you can effectively cancel your GEICO insurance.
Some laws make driving illegally without insurance, depending on your state. More importantly, the road can be unpredictable: are you willing to take risks?
However, make sure the weather is right for you. The best time is when you already have new coverage that can take effect when you cancel with GEICO.
Also, consider the following cases:
you have to move
If you moved to a state not covered by your GEICO insurance policy, you would need to request a cancellation. However, be sure to do this week before your relocation date.
you sold your car
If you have sold your car and no longer wish to own one, you must cancel your car insurance.
However, don’t forget to wait for the new owner to take over the car and the official transfer of title to avoid losing coverage.
You want better prices.
It’s always good to look for something better, so if you want to change your insurance provider to get better value for money, it’s best to cancel your existing GEICO coverage.
You can request a termination date for GEICO coverage, which will coincide with the start date of your policy with the new provider.
What is GEICO’s cancellation policy?
Before finalizing your cancellation decision, it is essential to consider possible fees, refund rules, and others that may affect the process.
Cancellation fees
GEICO does not charge a cancellation fee. This makes it easy and convenient to cancel your insurance policy with them. Call them on the phone, as mentioned above.
refunds
You’re automatically locked into a six-month or one-year contract when you buy or renew a GEICO auto insurance policy.
If you have paid for the policy in full, you will be entitled to a refund from GEICO covering part of your premium.
The amount will be based on the effective date of cancellation and expiration of the original policy.
However, if you have elected to make initial and subsequent monthly payments, you may be required to pay a prorated rate up to the effective cancellation date.
GEICO does not specify how long the recovery process takes. You can wait up to 30 days if you pay by check.
Expect to wait a week for cash, debit, or credit cards. Contact your agent for the best possible results.
GEICO Alternative Insurance
Now that you’re ready to cancel your GEICO insurance remember that a lack of insurance coverage is illegal under federal law. So make sure you get one right away.
Here are some alternative insurance providers to consider:
Liberty Mutual
Mutual Liberty offers a “pay as you go” policy as part of its commitment to creating a product that customers feel secure in. It allows you to create personalized auto insurance, ensuring your coverage meets changing needs.
Liberty Mutual is also known for its discounts, but be aware that its service and coverage can still be considered expensive.
Based on the data available on their website, their standard coverage covers only the following:
- medical payments
- Personal Injury Liability
- Damage to property
Replacing new cars, forgiving accidents, and the in-house Liberty Mutual Deductible Fund® are considered add-ons.
Price and discount details
- Average monthly price: $245
- Discounts: Owner, Student, Security Device, Secure Driver Telematics, No Accidents or Violations, Pay in Full, Multi-Policy, Many Vehicles, etc.
Clearcover Inc.
Clearcover Inc. offers accessibility and complete control over your coverage. Although it does not provide discounts, it ensures you get the lowest prices possible for your needs.
It is known for its quick and painless insurance claims, making it the best in customer service.
Based on data and reviews available online, your standard coverage includes the following:
- Liability (bodily injury and property damage)
- medical payments
- Collision and damage repair
- Uninsured driver (bodily injury and property damage)
Price and discount details
- Average monthly price: $127
- Discounts offered: only military members can receive additional discounts
In all the country
If you have a car and are concerned about your credit rating, Nationwide is the best option. After all, you’re committed to giving customers peace of mind. It offers the lowest premium even with bad credit, but the monthly premium can still be expensive.
Nationwide still offers discounts as needed. This is what standard coverage provides:
- Personal Injury Liability
- Property Damage Liability
- injury protection
- Uninsured Motorists and Underinsured Motorists
- medical payments
Price and discount details
- Average monthly price: $227
- Discounts offered: Multipolicy, safe driver, low mileage, good student, no accidents, theft protection, telematics, protective driving
Conclusion
Canceling your GEICO auto insurance policy may seem complicated, but the methods are easy as long as you know what to do. It’s important to remember the plan by which you can cancel your policy over the phone and that the best time to do so is when you already have a replacement insurance policy. Also, always be aware of state laws – it is illegal to drive without insurance coverage so you will face penalties!
