Progressive Insurance is fond of advertising how easy it is to “switch and save” on car, house, motorcycle, and other insurance. Interestingly, steps about how to cancel Progressive insurance coverage is also a rather simple process if you are interested in doing just that. The termination process is however dependent on your location. This is because each state in the United States, for instance, has its insurance laws and regulations. Before you begin your termination process irrespective of your location, it is advisable to secure alternative insurance for your Progressive policy, especially for a car.
In this article, you will find out steps for policy cancellation and replacement guides. Keep reading.
Preparing for Policy Replacement
Dedication of Time
The first thing to do is to dedicate time to think about changing insurance providers. You can cancel your insurance at any time from Progressive or any other provider. However, any cancellation that will come on board are usually considered at two favorable options.
- Start comparing rates and weighing your options three to four weeks to your Progressive policy’s renewal date. Once you receive a notification about a month to the renewal deadline(depending on the governing rules in your area), make sure you use of this data to assess prices and offers with other insurers.
- You can also consider insurance alternatives after a big life event. This event can be during or after getting married or divorced; it can also be after having a kid, moving to a new house, adding a new driver, or buying a new automobile. Evaluating your options is the next thing to do immediately you learn how these modifications influence your insurance and pricing from Progressive.
Check Progressive Insurance Cancellation Policy
While attempting how to cancel Progressive insurance, you’re expected to examine your Progressive policy for information regarding cancellation fees. In some instances, you may have to pay a cancellation fee, if you want to cancel your policy before the renewal date and that varies based on the rules in your area and the type of policy subscribed to. The cost is equal to 10% of the remaining premium policy, in certain instances. Simply put, if you have three months remaining at $150 per month, your price would be approximately $45. Nevertheless, if you paid in advance for your policy, you will be refunded for the portion you did not use after cancellation. You can seek further information and review your Progressive policy by visiting your online account or call 800-776-4737 (U.S.).
Select new Insurance Coverage for your Car
It is mandated for every car owner to insure their cars in every State in the US. Therefore, when you cancel your Progressive coverage, you must be ready to have a replacement package for the cancelled policy, as required by the law. In order to do this, search around to discover a new policy regarding how to cancel Progressive insurance, your needs and your budget.
To get the quotation for any insurer, you have three options:
- Make use of independent or company-affiliated insurance agents in your area. You can call insurance companies directly or visit their websites. You can also use third-party internet price comparison services.
- The effective date of the new policy should coincide with the expiration of your Progressive coverage.
- The third option may come by way of being mandated by your mortgage company or the government that you should carry homeowner’s insurance.
Can the new Insurance Provider help to cancel progressive insurance policy?
The answer to the above is in the affirmative but with some exceptions. Some insurers will be delighted to have your business on their side; therefore, they will handle a large portion which extends to overseeing the termination process of your current or previous policy. If that happens, you may only need to append your signature on a document or affirm the same orally. However, if they choose not to help you with it, you can also walk yourself through the cancellation process.
Steps to Cancel Progressive Insurance
The first step is to send an Email containing a signed cancellation policy form and it is the easiest way to kick-start a termination process. Most of the states in the US demand a signed document for effective termination of car insurance. You can also check pre-made forms online which you can complete and mail their In a situation whereby you may not be able to use any of the first two options, you can quickly draft a form letter with the following details:
- Your name, phone number, and address.
- Your Progressive policy number, along with the time and date (such as 12:01 am) that you would like it to expire.
- The name of the insurer, policy number, and the time and date of your new insurance’s commencement.
- Your signed copy, dated.
- Send the mail to: The Progressive Corporation, Mayfield Village, OH 44143, 6300 Wilson Mills Road.
- Send the mail at least one week (or two, if that’s feasible) prior to the day you want to cancel.
- Phone Cancellation: You can cancel your insurance via a phone call by dialing 888-671-4405, or 888-240-9839 for commercials. It is advisable you have the details for your replacement policy and your Progressive policy number. Possibly, you might complete the procedure over the phone, but that depends on your residential area. However it is, you may still be instructed to sign and send a cancellation document. Interestingly, a Progressive representative might give you a discount offer in a bid to convince you not to leave them. If that happens, it is up to you to weave words around and maintain your stand. You may even say: “I’m sorry, but I’ve already decided and have arranged for a replacement policy” a couple of times.
- The last option is to cancel online. To do this, you can log into your Progressive account. It is noteworthy that everything relies on the laws in your area which allows this manner of termination process or not.You can check your options by logging in at https://www.progressive.com/. But don’t be caught by surprise if you have to call and/or submit a signed paperwork to cancel your policy.
Final Thoughts
Conclusively, before you can begin any cancelation process, you need to understand the outlined termination steps. It is important you comply with the guiding principles while discussing how to cancel Progressive insurance request directly with the insurer.This can enable policyholders tohave a smooth transition from their coverage. With prompt communication and completion of necessary paperwork, the process is made easier.It is also important for every individual to verify the cessation of coverage and any associated refunds after cancellation. Ultimately, it’s crucial you explore alternative insurance options as this might be prudent to maintaining adequate coverage without interruption. Therefore, empowering individuals with informed decisions with a systematic approach which ensures a hassle-free cancellation process.