GEICO can be an excellent policy for many but problematic for others, especially if they've been in a recent car accident. For that reason, we show you a step by step to cancel your GEICO policy and some considerations that you could consider.
If you want to cancel your policy, GEICO has facilities where it does not charge cancellation fees. You have to follow the steps that we show you next:
Important: You will be asked for your GEICO policy number, so have it handy.
If you are considering canceling your policy, here are some things you should consider before doing so. This does not mean that you should not cancel your policy, but rather it is a way of providing more solutions to those who want to maintain their seniority, benefits, and discounts.
GEICO policies operate in all 50 states in the country, as well as in Washington DC. If you want to keep your policy, you can request a quote for the location you will be moving to.
Once you have entered your data in the GEICO virtual platform, you must go to the menu and select "My Policy Details." In this section, you can request a new quote for the policy you keep in force.
You do not need to cancel this policy since you can remove or add your partner. By doing so, you may qualify for additional discounts.
For example, if you're getting married, you could add your spouse's vehicle and get a multi-vehicle discount. If you want to remove your former partner, you will not have to pay for their insurance.
If you are without a vehicle for 30 days or less, your GEICO policy will cover you if you rent a car. In addition, you can transfer your seniority, discounts, and benefits to your next vehicle.
If you don't want to keep your insurance, you can switch to a non-car owner policy. Thus, you can have coverage in case you damage a donated, borrowed, or rented car.
GEICO offers reduced rates on stored vehicles to insure against theft and other damage. A downgrade could be more than enough to protect you from problems caused by third parties.
The GEICO Insurance Agency offers other insurance that does not necessarily focus on cars. Homeowners coverage, renters coverage, and many other forms of insurance are also available. If you combine your policies, you may be eligible for discounts for multiple approaches on your car insurance and any additional insurance you select.
If you want to pay less for your auto policy, many discounts and adjustments can be made to your policy. If you want to know which ones are available, you can log in to your account, enter the menu, and select "Discounts and Special Offers." That way, you'll know which ones you qualify for.
Another option to reduce the premium could be entering "My Policy Details." In this section, it is possible to edit the details of your coverage and thus obtain a better price. Otherwise, you can talk to one of GEICO's licensed agents for advice. You have to call the number above.
If you found a better price with another company, that's understandable. However, it is always a good option to verify that you qualify for all the discounts and compare the final prices and the benefits each of the contracts grants you.