To cancel a Geico insurance policy, the policyholder must call Geico to speak directly with a customer service agent. Customers cannot cancel their policies online or through the Geico mobile app. You can cancel your Geico insurance policy at any time. The cancellation can be effective immediately or set for a future date.
Geico does not charge cancellation fees. In addition, if you financed or leased a car through Geico, you probably won't be allowed to cancel your policy before paying the full deficit on the loan. Geico has no cancellation fees, so canceling is simple and without significant costs. For example, the Geico agent may ask you for your insurance policy number or verify it after requesting some personal information.
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. It's not cheap to buy car insurance for a teenager because young drivers who have just driven pose a big risk to insurers. The USAA also has very competitive car insurance costs, but it only offers auto insurance to members of the military, veterans and their families. Auto-Owners offers especially affordable car insurance rates for drivers who have caused an accident that caused property damage or injury to another person.
Having bad credit can be one of the biggest obstacles to getting cheap car insurance quotes, even if you have an excellent driving record. Liability insurance covers injuries and property damage that you accidentally cause to others in a car accident. Nearly a third of car owners (31%) also say that they haven't compared car insurance quotes or aren't sure if they have. Many insurers accept cancellations through several channels, but Geico will only cancel your policy over the phone.
Most car owners will cancel an insurance policy if they find a cheaper premium that offers the same or better benefits than the previous insurance. If you choose to cancel your Geico insurance policy, you should know how to cancel the policy correctly. However, if you would find yourself in financial trouble if your car were wrecked, stolen, or seriously damaged as a result of an accident, it's generally wise to keep collision and all-risk insurance for now.