Progressive is known for its Name Your Price tool, which lets customers indicate what they’re willing to pay and then proposes coverage options in line with that number.
But just because you can set a cap on what you’re willing to pay with Progressive doesn’t mean you can’t get a better, more comprehensive deal elsewhere.
If you’re ready to cancel your Progressive policy, take a few factors into consideration and begin to shop around for a new provider before you do, then call Progressive to cancel via phone.
What is Progressive’s cancellation policy?
You can cancel your Progressive insurance policy at any time for any reason. You don’t need to wait until the renewal date or worry if you just started a new policy. In most cases, you will receive a refund for unused funds if you prepaid your insurance.
Progressive doesn’t typically allow you to cancel your auto policy through its website, which means you have to contact Progressive via phone and speak to an agent to cancel.
How to cancel your Progressive insurance policy
These steps will take you through the process of canceling your Progressive car insurance policy, whether you’re trying to switch policies or get a better deal on your current policy.
Skip to #5 if you’re ready to call Progressive now and cancel.
1. Know why you’re canceling
If you haven’t had the best experience with Progressive, it likely makes sense to switch companies. However, it could be worth a shot to talk through your issues with Progressive first to see whether it can do anything to help the situation.
If you simply want a better deal on your auto insurance premium, it’s often a good idea to do some research on competitor policies and prices before calling Progressive to cancel.
This could give you the information you need to negotiate a lower price with Progressive and not have to switch auto insurance companies at all. Or Progressive may suggest a different policy that you’re happier with, so it could be a win-win.
2. Check your policy terms
Looking over your current Progressive policy will help you find important details that can help during the cancellation process. Specifically, you want to find out when your coverage is set to expire, if there are any cancellation fees, and what kind of coverage you have.
It’s often best to cancel and switch car insurance policies when you’re about to reach the end of your current coverage. This is because you’re more likely to avoid an early cancellation fee if there is one, and you might be notified of how much your upcoming insurance premiums will cost. Having this information can help you comparison shop more effectively.
In addition, knowing the exact coverage you have can help as you’re researching prices from other car insurance companies — you want to make sure you’re comparing apples to apples when it comes to coverage types.
3. Shop around for car insurance quotes
Whichever path you decide, researching the best car insurance companies and their rates is an important step to take. Doing so will help you land on which company you’d like to switch to or give you the leverage you need to get a lower rate with Progressive.
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4. Gather important information
You need certain information on hand when canceling your Progressive policy, so it’s best to gather and organize this information before calling in. This could include personal information, such as your name, address and phone number, as well as your Progressive policy number.
You’ll also need to know the date you want your policy to end and to have information related to your new insurance policy just in case.
Warning
Before you make the switch from Progressive to a different insurer, make sure the cancellation date for your current policy and the start date of your new policy overlap by a couple days to avoid a lapse in coverage that could increase your insurance rate.
5. Call Progressive to cancel
Call Progressive at 1-866-416-2003 to cancel your insurance policy or negotiate a better rate on your current policy.
Whichever stance you’re taking, remember to be firm but polite. It’s likely part of the agent’s job responsibilities to try to convince you to stay, which is often the best to time leverage the information you gathered while researching competitor quotes.
But if you’re set on canceling, politely let the agent know that’s the case. At this point you should have already signed up with a new insurance provider, so now you just have to set an end date for this policy and get it officially canceled. You’ll likely receive information about the cancellation by mail or email.
If you have bundled policies with Progressive
If you have multiple insurance policies with Progressive, which could include a home and car insurance bundle, canceling the auto insurance policy part of the bundle could have one major consequence: You’ll likely lose any applicable multi-policy discount you may have had.
For example, if you’re bundling renters or homeowners insurance with a car insurance policy and you cancel your car insurance, you’re likely to see the rates on your home insurance go up. This is something to keep in mind when switching car insurance policies because getting better rates on one policy may not make up for the potential loss of a multi-policy discount.
FAQs
Can I cancel Progressive Insurance at any time?
Yes, you can typically cancel your Progressive Insurance policy at any time. Be sure to check your policy terms to see whether you might incur any cancellation fees or if you’re due to receive a refund for premiums you’ve already paid for. Keep in mind that having continuous car insurance is a requirement in most states, so it’s best to have another car insurance policy set up so you don’t have a lapse in coverage.
How long does it take Progressive to refund money?
It could take a few weeks for Progressive to refund your money once the cancellation process is complete. The money could be sent as a mailed check, which may delay the process.
However, in some cases, Progressive could also refund your money in other ways, such as crediting the credit card you used to make your premium payments. In these instances, you might get your refund in as little as a day or two.
Does Progressive charge a cancellation fee?
Progressive doesn’t typically charge cancellation fees to its policyholders, and it may offer you a refund if you cancel your policy before its expiration date. But this isn’t always the case. Check your specific policy details to see whether you might be subject to a cancellation fee because of the state you live in, for canceling too early, or another condition outlined in your policy.
Bottom line
Canceling your Progressive policy doesn’t have to be a hassle, and in most cases, the process is quick and straightforward. But following the outlined steps above can still smooth out the transition and give you a better idea of what to expect.
And if you’re looking to switch policies because you want to save money on car insurance, it makes sense to prepare yourself ahead of time before you cancel.
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2025-01-15 22:33:03
