Posted by What to Know: How to Cancel Your GEICO Insurance Policy? Or Have you been thinking about canceling your Geico insurance policy but don’t know how to? Then you simply need this article to put you through.
The important information you need to know about this topic is given right here on this page. So you should read on without skipping.
How to Cancel Your GEICO Insurance Policy
Before one can cancel a Geico insurance policy, the policyholder must simply call Geico to speak directly with a customer service agent. Customers cannot then cancel their policies online or through the Geico mobile app on their own; they simply need you, through your call.
You will also be able to cancel your Geico insurance policy at any time you want to. The cancellation can then be made effective immediately or set for a future date. Geico does not charge a cancellation fee.
What is GEICO?
The Government Employees Insurance Company (GEICO) is simply a private American auto insurance company with headquarters located in Chevy Chase, Maryland. It is also the second largest auto insurer in the United States, after State Farm.
GEICO is simply a wholly owned subsidiary of Berkshire Hathaway that also provides coverage for more than 24 million motor vehicles owned by more than 15 million policyholders as of the year 2017. GEICO also writes private passenger automobile insurance in all 50 U.S. states and even the District of Columbia.
The insurance agency simply sells policies through local agents, called GEICO Field Representatives, over the phone directly to the consumer via licensed insurance agents, and also through their website.
Its mascot is simply a gold-dust day gecko with a Cockney accent, voiced by English actor Jake Wood. GEICO is well known in popular culture for what it does, and they are advertising, having made numerous commercials intended to simply entertain viewers.
They simply offer property insurance, as well as umbrella coverage, which GEICO sells, but the risks on the policies are simply transferred to third-party companies. GEICO also manages the policies as the “insurance agent” and even has a separate customer care team that simply handles the property and umbrella policies.
How to Cancel a GEICO Insurance Policy
Here are the guidelines you will need to follow when you want to cancel your GEICO insurance policy:
- If you want to cancel, then you should first go to the website https://www.geico.com/information/faq/cancel-insurance/.
- Then the customer number you see should be dialed on your phone.
- You may be simply asked to say your GEICO policy number, so you should please have that ready.
- When you are then prompted by the interactive voice response system, say “cancel insurance policy” and then “auto,” if you are simply canceling your car insurance policy.
- Finally, you will then be connected to a customer service agent, who will simply walk you through the cancellation process.
- Before the cancellation is complete, you must simply pay off any remaining balance on your account. If you have already paid your entire premium for the policy period in full, Geico will simply refund the unused portion.
These are the steps you need to take when you want to cancel your GEICO Insurance policy.
Things to Consider Before You Cancel Your Geico Policy
You should keep in mind that you do not have to simply cancel your policy just because you are going through some life changes. For example, if you have moved or replaced your current vehicle, Geico can simply update the mailing address or vehicle information on your policy. Geico also allows military members to be able to suspend their policy temporarily if their vehicle will be left unused and in storage for more than 30 days.
On the other hand, if you simply wish to cancel because you are switching to another auto insurance carrier, be sure to obtain a new policy before canceling your current one. This then helps to prevent a lapse in coverage, which could potentially lead to higher premiums down the road.
FAQs
Can I cancel my GEICO policy at any time?
If you want to then cancel your policy, GEICO makes it easy with no cancellation fee. Just simply follow the steps below. Call the customer care agent to speak with a friendly, licensed agent. If then prompted to speak to the Interactive Voice Response (IVR), say “cancel insurance policy” and then “auto.”
How do I cancel my Geico car insurance online?
If you are then using the GEICO app, you will simply want to navigate to manage your policy, then select the vehicle you would like to remove. Press the I want to option, then select Remove Vehicle. This process is generally the same for the online portal as well.
Do I get a refund if I cancel my GEICO policy?
Will I receive a refund or owe money if I cancel? If you then pay ahead of time, then yes, you will simply receive a refund of the unused portion of your payments if you cancel your Geico policy. You can also contact Geico to see how much you will be getting back and when you are going to receive it.