No, you cannot cancel your Geico insurance policy online because Geico requires that all policies be canceled over the phone (by calling 1-800-841-158. Geico insurance policies can be canceled at any time, with no cancellation fees). The easiest way to contact Geico is to call them at 1-800-841-1587 and cancel your policy with a representative over the phone. No, Geico doesn't charge a cancellation fee to customers who cancel their auto insurance coverage midway through the policy. Drivers can cancel a Geico policy by calling (800) 841-1587 and will receive a full refund for unused premiums.
The best time to cancel your Geico policy is at the end of the policy term. Catherine Brock is a former financial analyst with more than 15 years of experience writing about personal finance and fashion. He has been featured in Forbes, The Motley Fool, USA Today, Refinery29 and his own Budget Fashionista blog. He has also appeared on ABC7 Chicago, Fox2news St.
Louis, KCAL9 Los Angeles, Fox19 Cincinnati, WGN TV Chicago and WCPO TV Cincinnati. When Catherine isn't writing, she can be found horseback riding in the countryside or buying clothes online. It's important to read all insurance policies carefully and ask your insurance agent for answers if you have any questions. To cancel a Geico insurance policy, the policyholder must call Geico to speak directly with a customer service agent.
In addition, if you cancel your Geico policy because you disposed of your car, you may have to submit proof, such as a sales invoice, so that Geico knows that you won't. The other insurer may offer you a cheaper rate on car coverage, but your homeowner's insurance outside the package is much higher. There are generally two types of fees that auto insurance companies charge for cancellation, fixed rates and short-term rates. Each state has an insurance commission or division charged with protecting consumers while encouraging a financially stable and competitive insurance market.
They also strive to ensure that insurance companies treat the insured and insured fairly, process their claims quickly and accurately, and respect policies. Your insurance company may require a bill of sale before allowing you to cancel to show that you won't drive without insurance. However, if you use resources such as the NAIC, which offers free advice and services to policyholders, and if you try to negotiate with your insurance company, it is possible to keep your insurance. Once an insurance policy is issued, the insurance company cannot cancel it, except for the reasons specified in the policy.
No matter how hard you try, some relationships just don't work, including relationships with your car insurance company. Many insurers accept cancellations through several channels, but Geico will only cancel your policy over the phone. When the interactive voice response system prompts you, say “cancel the insurance policy” and then “automatic” if you are going to cancel your car insurance policy. Some auto insurance companies also charge a fee for canceling your policy before the policy term ends.