How To Cancel Geico Car Insurance Policy: Ultimate Guide

How To Cancel Geico Car Insurance Policy

Car insurance companies like Geico make mistakes; at that time, we think about how to cancel Geico car insurance policy. The mistakes can range from charging more to unsatisfactory services or getting cheaper auto insurance elsewhere. Whatever the reason is, we’ll teach you how to cancel your Geico vehicle insurance policy in 2023. Also, we’ll guide you through tricks to save money on things you don’t need and avoid falling prey by learning how to do it.

Geico Car Insurance: Overview [2023]

Geico auto insurance policy is a privately held company owned by its parent company, Berkshire Hathaway. With an employee strength of more than 40,000 people and offices worldwide, it is one of the best insurance companies.

Geico cancel car insurance
Geico cancel car insurance

According to Insurance Business, one of the top insurance companies in the nation is the Geico car insurance policy, which has the fewest complaints, a wide variety of discounts available, a strong mobile app, and the lowest average premium rates nationwide.

If a Geico auto insurance customer wishes to give up on the policy plan, they ensure that the transition is hassle-free and, in most cases, free of charge.

When Should You Consider To Cancel Car Insurance Geico? [2023]

You should consider many factors before you cancel Geico car insurance and opt for a different one. Most people leave their Geico auto insurance policy when they get a better deal or when they want to cancel their Geico policy. And Before you cancel your Geico auto insurance, you must:

Cancel Car Insurance Geico
Cancel Car Insurance Geico
  • Check the date of renewal: You should consider canceling your Geico policy after checking the renewal date so that you know when your current policy expires. The best time to cancel Geico is either before the renewal date or the next month’s due date. This way, you will be able to check the amount the company has to refund you in case you paid your premium in full.
  • Compare and contrast insurance rates: Cancel your Geico policy after comparing other car insurance quotes according to your residence. Read about your Geico policy online, and educate yourself about deductibles, the type of policy you have, and so on.
    Enter your information on any insurance websites, fill out the forms, and then adjust the coverage options to customize the policy to your requirements.
  • Select a new auto insurance policy: Remember to cancel Geico auto insurance only when you have signed up for a new one to avoid a lapse. Since it is illegal to drive without auto insurance, you must terminate your current Geico auto insurance when you have already paid for a new car insurance policy.

Therefore, you should cancel your Geico insurance plan after comparing quotes, selecting a new policy, and ensuring that there is no time lag between the end of the old policy and the beginning of the new one. Make sure you review every aspect with a representative to ensure you do not overlook anything that might have allowed you to continue with the same company.

Read – How To Cancel Progressive Car Insurance In 2023 [Full Process]

How To Cancel Geico Car Insurance Policy Online [Full Guide]

If you want to cancel the Geico car insurance policy, it is a very easy task that can be done by making a phone call. To cancel your policy, follow these steps:

  • Contact Geico at (800)841-1587 to talk to a customer service representative.
  • State your query to the Interactive Voice Response system (IVR).
  • Then mention “cancel insurance policy” followed by “auto.”
  • Keep your Geico policy number next to you, for they might need it.
  • Remember, only the policyholder with their insurance card can cancel their current policy.

Also, check you don’t owe money to them because if you do, it can create hindrance while canceling your Geico insurance. And do not forget to check your marital status to avoid delays while you cancel your Geico policy.

Cancel Geico Car Insurance Policy Online
Cancel Geico Car Insurance Policy Online

Note: Only talk to an authorized Geico agent because Geico insurance company does not offer its products through brokers or agents. Also, Geico charge no cancellation fee, so if anyone asks about it, immediately report it to their agent.

Remember, Geico’s cancellation policy does not allow requests through any app or other online method. The only way to cancel your policy is by calling the licensed agent, and you can tell them about the cancellation requests and cancellation date from them.

Must Read – What Is Third Party Car Insurance? How Does It Work In 2023?

Cancellation Charges For Geico Cancel Car Insurance? [2023]

GEICO does not charge a cancellation fee, so do not worry about it. Also, if anyone asks you for a cancellation fee, you can complaint to their agent or can call their officials. If you decide early on and pay the full coverage amount for the Geico policy, you will receive a refund for the unused portion.

Cancellation Charges For Geico Cancel Car Insurance
Cancellation Charges For Geico Cancel Car Insurance

For instance, if there are 3 months left before the policy expires, but you have decided to terminate your auto insurance and the premiums are $50 a month, GEICO will refund you $150.

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Things To Think Before You Cancel Car Insurance Geico [2023]

Still, there are a few things you should consider before you cancel your Geico policy so that you don’t have to face any troubles in the future, and they are,

1. Do You Have A Better New Insurance Policy
2. Know Your State Laws
3. Informing GEICO On Time
4. Consider Your Reasons
5. Read The Fine Print
6. Consider Suspension Rather Than Cancellation
7. Don’t Forget To Check Your Personal Finance

Can you cancel car insurance at any time geico
Can you cancel car insurance at any time geico

1. Do You Have A Better New Insurance Policy

Before canceling your GEICO insurance policy, you must weigh your options. Check with your insurer and see if there are any better coverage limits or any multi vehicle discount you are getting from different insurance companies. Also, educate yourself about car insurance policies to see if you are getting any better deals in multi-policy discount, check the policy paperwork correctly, and then get competitive quotes from various insurance companies in your area to know what is up for you in the market.

2. Know Your State Laws

It is imperative to be fully aware of them so that you don’t face any problems with your new policy in the future. The premium rates can go very high if there is a lapse of even a day while switching policies. Some state laws make it compulsory for vehicle drivers to maintain active insurance. Therefore, if you get caught without insurance while driving your vehicle, the penalty can go very high, along with the premium rates.

Learn – How To Fight A Speeding Ticket: Top 10 Ways [2023]

3. Informing GEICO On Time

If you are moving out of your state, you do not have to cancel GEICO insurance. Geico offers coverage everywhere. Therefore, connect with a GEICO customer service agent, explain the reason, and the insurance provider will be transferred to your new location.

4. Consider Your Reasons

Consider your reasons for canceling your coverage before doing so. Since GEICO offers policy bundling that can be highly cost-effective for a person, it is advised to speak with your insurer if it is burning a significant hole in your wallet before making a decision.

5. Read The Fine Print

Every insurance has specific terms and conditions to inform you of the policy expiration date, current coverage rates, and whether there are any cancellation fees to pay. This will guarantee that neither a representative of the GEICO agency nor the new policy agency will catch you off guard. Such information will also help you choose the appropriate policy promptly.

6. Consider Suspension Rather Than Cancellation

In certain situations, GEICO allows a customer to suspend his or her policy temporarily. This prevents a driver from getting penalized because suspension pauses a policy, which is not illegal, and this pause is not considered a lapse.

Therefore, your premium will remain the same. For instance, people who work for the armed forces are allowed by GEICO to suspend their auto insurance policies if they are not going to use them for more than 30 days.

7. Don’t Forget To Check Your Personal Finance

It is essential to check your bank balance before you jump for a new insurer, as many times when you try to find a cheaper rate, it can lead to great loss.

Editor’s Pick – How Can Working From Home Car Insurance Reduce Premium?

Frequently Asked Questions

Can you cancel car insurance at any time, Geico?

Yes. GEICO insurance company allows you to cancel the insurance at any point in time. You have to make a call and mention your reason via telephone.

Can I cancel my Geico car insurance at any time offline?

Yes. You can cancel your GEICO insurance plan anytime by phone calls and by talking to any authorized insurance agent. You can set your cancellation date by coordinating with them. Since no other option exists for canceling an insurance plan through an app, an offline method is the only way. Remember, Geico does not include any cancellation fees.

Can Geico state car insurance agent help cancel my policy?

Yes. An authorized GEICO agent can assist you to cancel your policy.  Keep your policy number handy because he or she might ask for it, and make sure it is the primary policyholder making the call for cancellation.

How To Cancel Geico Car Insurance Policy: Ultimate Guide
How To Cancel Geico Car Insurance Policy: Ultimate Guide

Grace Bhardwaj
Grace Bhardwaj

Grace is a writer on the automobile team at Mount Shine. She is an exceptional writer with an unparalleled ability to craft compelling articles.

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