Policyholders can cancel their car insurance policy at any time and for any reason. And you'll never have to wait until the end of your policy period to cancel it. Even if your policy started just a few days ago, you can cancel it. Every state requires auto insurance companies to declare how they calculate rates to customers, and insurers cannot deviate from these presented rates.
Each state also has regulators that review the fees that companies charge. In most states, the answer is yes. However, the vehicle must be regularly parked at your residence overnight for Progressive to insure it in your policy. You can change insurers at any time, even if you just renewed your policy with another insurance company.
When you cancel with an insurance company, you'll get a refund for the money you paid in advance. In addition, if your policy includes car rental reimbursement and your car is damaged in a covered accident, Progressive will pay the rent (up to a specified limit and term) while your own car is repaired. If you cancel your car insurance in Progressive on May 15, then Progressive will owe you half of the month. 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.
If it's been a few months since you received your quote, the rates in your area may have been revised, which could decrease or increase the price you pay for your car insurance policy. One very important note to remember: don't cancel your Progressive insurance until your new insurance is paid and in effect.
