How much is Progressive cancellation fee?
Asked by: Miss Margarete Kub | Last update: December 16, 2025Score: 4.3/5 (16 votes)
Does Progressive charge a cancelation fee?
Progressive cancellation fees and refund policies can vary depending on several factors, including the type of policy and the state in which you reside. If you decide to cancel your Progressive Insurance policy within the first term before it renews, a cancellation fee of $50 will be charged.
How much does it cost to cancel an insurance policy?
Cancellation fees: Some car insurance companies charge cancellation fees, usually $50. In other cases, they could charge you a small percentage of your final premium that you were going to pay in the future. The majority of the time, you will not have to pay a cancellation fee.
How do I cancel a policy with Progressive?
- Mail a signed policy cancellation form to The Progressive Corporation, 6300 Wilson Mills Rd., Mayfield Village, Ohio 44143.
- Call 888-671-4405 or 888-240-9839 to call Progressive insurance and cancel your policy.
- Cancel online through your account at Progressive.com.
Who is cheaper, GEICO or Progressive?
GEICO is cheaper and has better ratings than Progressive. Your experience with GEICO and Progressive will vary based on individual rating factors.
How to Cancel Progressive Insurance (Step-by-Step)
Does Progressive raise rates after 6 months?
Progressive rates does raise after six months in some cases. If you're a new Progressive customer, you'll see your auto insurance premium go up after your first six-month policy period if you file a claim or traffic violations get added to your driving record during that time.
How long until Progressive cancels insurance?
What is a car insurance lapse grace period? Your car insurance policy won't be cancelled immediately because you miss a payment. Auto insurance companies are required by state law to provide notice before cancelling your policy. Depending on the state, you'll usually have between 10 and 20 days.
Does Geico charge a cancellation fee?
If you want to cancel your policy, GEICO makes it easy with no cancellation fee*.
Can I cancel my policy early?
If you cancel your insurance policy before your policy expiry / renewal date, your insurance company will typically charge a percentage of your total insurance premium for the year that is higher than the per day amount would be. This is called a short rate cancellation penalty.
How much should a cancellation fee be?
Cancellation fees
It's reasonable to set fees for cancellations within your permitted notice period, usually as a percentage of your regular service fee. For example, you might charge 50% of the fee if they cancel within 48 hours.
Is there a penalty for cancelling insurance?
Cancellation fees can be a flat fee or a short-rate fee. With short-rate cancellations, the insurer will charge the policyholder a percentage of the unearned premium — usually 10 percent. This amount will be taken from the remaining refund, or the policyholder will receive a bill if there isn't a refund owed.
Does canceling car insurance hurt credit?
Does Canceling Car Insurance Affect Your Credit? As long as you don't have any unpaid premiums that could be sent to collections, canceling your auto insurance policy won't have any impact on your credit score.
Can you negotiate with Progressive?
You can negotiate with Progressive Insurance Company by sending the company a demand letter after an accident. The demand letter should provide information about the accident and all the damages caused by the incident. You can include evidence in the demand letter to support your claim.
How long does Progressive take to refund after cancellation?
As long as coverage is canceled before the policy term ends, Progressive customers will get a refund. Customers who have automatic monthly payments set up with Progressive will get their refund within two or three business days of canceling their policy.
Does Progressive charge a renewal fee?
With many insurers, including Progressive, all you need to do to renew your policy is pay the renewal premium. You'll receive a reminder from your insurance company to renew before the expiration date. Just be sure to renew your policy before the existing one expires to avoid a lapse in insurance coverage.
Does Progressive have a cancellation fee?
Is there a fee for cancelling Progressive? This varies by state and when you purchased the policy. In some states, Progressive will charge a $50 cancelation fee if you cancel within your first term; meaning your policy has not yet renewed. Once the policy has renewed there will no longer be a cancellation fee.
Is Progressive or GEICO better?
When it comes to the provider rankings from the J.D. Power 2024 U.S. Auto Claims Satisfaction Study, both carriers scored below the industry average — but Geico takes the lead with a score of 692 compared to Progressive's score of 672.
Can I cancel my insurance without a fee?
Generally, insurers will refund you the money for the unused portion of your policy, assuming you paid in advance. However, depending on your state, and when you cancel, your insurer may charge a cancellation fee.
Why is Progressive cancelling my policy?
Insurers can cancel policies or choose not to renew at the end of a policy term. Non-renewal can occur after multiple accidents or filing too many claims. At the same time, more immediate cancellations can result from serious issues like loss of driving privileges or insurance fraud.
Does Progressive insurance ever go down?
Usually, yes. At Progressive, rates drop by 8% on average at age 25. But there are other cost factors impacting your car insurance, such as your claims history. So if you're in an accident right before you turn 25, your rate may not drop.
Can I reinstate my car insurance after cancellation?
If your car insurance was canceled because you didn't pay your premiums, you may be able to reinstate it. Many insurance companies offer a grace period after you've failed to make a payment. During the grace period, your car insurance can be reinstated once you pay the missed premiums and any fines, interest or fees.
Is there any car insurance cheaper than Progressive?
On average, State Farm offers somewhat cheaper rates than Progressive for drivers with credit scores of less than 580. Drivers with exceptional credit — a score of 800 or better — should likewise look into State Farm. Below you'll find average insurance rates by credit level for State Farm and Progressive.
Who is the #1 insurance company in the USA?
State Farm is the largest auto insurance company in the U.S. based on written premium, or the total amount it bills customers. Progressive is the second-largest car insurance company, followed by Geico and Allstate.
Is Allstate cheaper than Geico?
GEICO is much cheaper and has better ratings than Allstate. Your experience with GEICO and Allstate will vary based on individual rating factors.