Progressive charges a cancellation fee of 10% of the premium or a fixed rate in some states, although customers in other states don't have to pay a fee to cancel their auto insurance coverage midway through the policy. Progressive customers will receive a refund for unused premiums, less cancellation fees. If the insurance company cancels your policy, you'll normally get a refund from car insurance, unless they cancel the policy for non-payment. If payment doesn't occur, you won't receive any refund and you'll continue to owe the insurer any unpaid premiums.
There is usually a 10-day grace period to make the payment before the policy is canceled for non-payment of the premium. The cancellation date is indicated on the policy summary screen at the top left of the screen. Still, as they say, “both companies specialize only in personal auto insurance with basic limits that give you the most value for your money in insurance. This information is not an insurance policy, does not refer to any specific insurance policy, and does not modify any provision, limitation, or exclusion that is expressly stated in any insurance policy.
A vehicle with a local route within the city limits of Fort Lauderdale is considered to be of lower risk than a vehicle with a regional route that covers the entire Florida Peninsula. If you sell your car and buy a new one, you'll still need coverage because most states require drivers to have car insurance. If you sell your car and no longer need coverage, your insurance company can send you a refund check if your policy is canceled before its term ends. Because insurance premiums are determined in part by where you live, you can get a lower rate on your new policy if you move to an area where rates are cheaper, and your insurer can reimburse part of your insurance premium.
Insurance refunds are usually issued through the same payment method that you use to pay for your insurance. If you change your car insurance company and find better rates with another insurance company, you may want to cancel your current policy before it expires. If you cancel your policy after just three months, your insurer will issue an insurance refund for the remaining nine months. If you decide to cancel your policy or your insurance company cancels it, you usually won't receive a refund from car insurance unless you've paid the premium in advance.
Ocean Harbor Casualty Insurance Company, founded in 1986, is a home and auto insurer that focuses on businesses in the Northeast, Southeast, Mid-Atlantic and Gulf states.