No, Geico doesn't charge a cancellation fee to customers who cancel their auto insurance coverage midway through the policy. Drivers can cancel a Geico policy by calling (800) 841-1587 and will receive a full refund for unused premiums. If you don't pay for car insurance, you'll receive a notice of cancellation required by law from your insurer. The cheapest insurer for an old car may not be the cheapest for a new car or special vehicle, since each insurer calculates rates differently.
The options available will depend on how long you spend without paying your car insurance bill, your insurance company's policies, and your state's laws. It's also worth checking the prices every time there is a change in circumstances that could affect your rate, such as insuring a new car or adding a new driver. They can also arrange a partial payment to keep you insured if your insurance company allows it. When you have insurance again, contact your state's Department of Motor Vehicles (DMV) to update your insurance information and confirm that your registration and driver's license are still valid.
Martin knowingly concealed relevant information from Progressive Insurance Company in an application for an auto insurance policy. As soon as you realize that you probably haven't paid or have already stopped paying for car insurance, call your insurance company to let them know that you're aware of the situation and ask them what you can do next. In some states, letting your insurance expire also cancels your registration immediately or a few weeks after your insurance expires. To cancel a Geico insurance policy, the policyholder must call Geico to speak directly with a customer service agent.
It's illegal to drive without insurance in almost every state, so once your insurance is canceled, you won't be able to drive. It's usually easiest to change your car insurance company at the time your policy is renewed, but if you choose to switch in the middle of the policy, your current insurer will normally reimburse you for unused premiums, less cancellation fees. After that, your insurance will officially expire and you will no longer be able to drive your car legally. If your car insurance expires or is canceled, either due to non-payment or for any other reason, you're likely to face some kind of financial ramification.
It's essential that you contact your insurer as soon as you realize that you're behind on your insurance payments.