Cancelling your Progressive insurance policy needn’t be a stressful or unpleasant process. Just be prepared for any potential fees that could arise.
People choose to cancel their policies for various reasons. Some reasons could include finding better rates, significant life events and unsatisfactory service; other considerations could include bundling home and auto policies or taking advantage of discounts.
1. Reevaluate Your Needs
Before canceling your Progressive policy, it’s essential that you reassess your needs. Ideally, this should begin three to four weeks prior to its renewal date, using information found on your Declarations page or ID cards as guidance. Doing this gives you plenty of time to compare rates between providers and make sure a new policy has been lined up before your current one expires – depending on where you reside and policy type, changing insurers midterm may incur fees so it is a good idea to consult your agent or read your policy to be sure.
If your Progressive policy charges a cancellation fee, to avoid being subject to fees and ensure you have coverage immediately upon expiration date. Doing this also ensures you have your new car insurance policy ready before cancelling it altogether if applicable. Furthermore, some auto lenders require minimum levels of coverage, so if this is an issue for you be sure your new coverage plan has been paid for prior to canceling Progressive policy.
There may be various reasons for which you need to cancel your Progressive car insurance policy, such as selling your car, moving states, buying a new vehicle, adding or subtracting drivers from coverage or having changed driving habits. Whatever the cause may be, contact Progressive in order to understand how this will impact on premium and consider other available solutions.
Though it’s certainly possible to obtain car insurance after non-renewal, it can be more challenging than getting new coverage when your old policy expires. If this occurs to you, try searching for companies offering policies despite increased prices and stricter underwriting criteria; otherwise it should be relatively straightforward finding competitive rates to cancel Progressive and save money.
2. Start Comparing Rates
General, you can cancel Progressive car insurance at any time as long as it has been paid in full; however, for optimal results it is often best to wait until your current policy has come to an end. Otherwise you could incur cancellation fees and face potential gaps in coverage that will end up costing more in the end.
Prior to canceling your Progressive policy, it’s a smart idea to shop around for auto insurance quotes. By entering your ZIP code here you’ll have access to multiple providers with competitive rates in your area offering auto coverage at the right rates for you. Once you’ve compiled multiple quotes make sure to compare each plan closely by paying close attention to deductibles, coverage levels and discounts available as well as costs related to upgrading vehicles if applicable.
Be mindful that if you cancel Progressive prior to its current policy evaporating, they may owe you a refund for any unearned premiums based on the terms of your policy and state laws. How much you may get back will depend on which policy and state law govern your state.
As you shop around for rates, it is essential that your new provider has a solid track record and will be there when needed. Working with an established insurance agency will help make the process seamless while often expediting access to companies offering affordable coverage options quickly.
Consider whether Progressive will be part of any other policies you own, such as home or renters insurance. If so, changing insurers on one policy could affect rates on all others underwritten by that carrier.
If you decide to cancel your Progressive car insurance policy, take steps immediately afterwards to begin your new policy – starting the day after will help ensure no cancellation fees apply and that no coverage gaps arise which could incur fines from the MVD as well as cause issues for future policies.
3. Weigh Your Options
No matter if or why you drive a car, auto insurance makes good financial sense. Not only can it protect against costly medical costs in an accident situation but is often required by law as well. To get the best value and rates out there it’s wise to compare rates every now and again to find out who offers what. Typically it is best to start shopping approximately three to four weeks prior to when your policy renews; that way you have enough time to obtain competitive quotes and find a provider who meets all your needs.
Review your insurance after major life events like marriage or divorce, the birth of a child, moving, buying a new car or adding drivers. By reviewing Progressive’s policies closely or switching providers entirely you may find savings opportunities that you didn’t anticipate before.
When canceling Progressive car insurance, be sure to have an alternative policy in place before doing so. Any gaps between policies could lead to expensive fines if they overlap – generally speaking it’s easiest allowing a day or two overlap between old and new plans depending on how long your payment schedule was with Progressive.
Progressive home insurance recently made the same announcement: it will no longer provide dwelling/fire insurance in Florida – commonly referred to as DP3 policies – similar to dwelling coverage on homeowners policies; instead it’s designed specifically for non-owner occupied properties.
Progressive’s website indicates you will receive a refund for any unused premium when canceling, although customers have reported different experiences with this. Before cancelling any policy it’s also wise to review your contract to identify what fees may apply and compare quotes in advance so as to negotiate better terms without incurring cancellation fees – use our free tool to compare auto and home policies from various companies!
4. Contact Progressive
While many car insurance providers allow policy cancellation without incurring penalties, it’s still wise to read your policy thoroughly. Some providers have cancellation fees based on state law or when you cancel. In order to accurately compare rates across providers for similar coverages and determine whether your premium is appropriate.
It is generally best to wait until the end of your policy term to cancel, in order to prevent an interruption in coverage which could incur fines and penalties. Furthermore, having another plan ready prior to cancelling Progressive will minimize cancellation fees.
Getting ready to cancel your policy? Contact Progressive immediately and ask them to help cancel it for you. They’ll need information such as your name, policy number, driver’s license information and reason for canceling coverage; which can be found on either your premium bill, policy documents or ID cards.
Reps typically can help you cancel your policy quickly; however, this time may vary if there are any complications or you need to speak with another representative on the phone. They may even offer tips on how to save money on auto insurance premiums by bundling home and car policies with one carrier for reduced premiums.
Before canceling a Progressive auto insurance policy, take time to carefully evaluate your needs and compare rates with competitors. While Progressive may be known for its innovative approaches to car insurance management, it is still wise to carefully consider other companies when searching for cost-efficient options.
Progressive is one of the country’s leading insurers, yet doesn’t rank highly when it comes to customer satisfaction ratings. According to J.D. Power’s 2021 U.S. Auto Insurance Study, Progressive received a 1.31 customer complaint score versus an industry average score of 1.
