The average national cost for car insurance coverage is $1,601 annually, providing policyholders full range for their vehicle. The annual cost of auto insurance is on the rise and increased more than 45 percent between 2013 and 2022. With the rise in vehicle insurance, consumers often change their insurance carriers for better prices.

Progressive Insurance policyholders can cancel or change their insurance policies anytime during their policy. For whatever reason, you must cancel your insurance policy through Progressive; you have peace of mind knowing it is possible and a reasonably easy process.

Continue reading to learn more about Progressive Insurance's cancellation policy and how to cancel your insurance coverage:

What is Progressive's Cancellation Policy?

Progressive allows you to cancel your insurance policy anytime without waiting until the renewal or the first of the month. Your Progressive insurance contract states you can cancel your insurance policy anytime.

Can I get a refund if I cancel my insurance policy with Progressive?

If you cancel your insurance policy with Progressive, you may qualify for a refund. Refunds are only issued if you paid your policy premiums in advance. For example, if you paid for a six-month policy in advance and canceled after two months, Progressive will issue a refund for the remaining four months. Additionally, if you pay your premiums monthly and cancel early, you may receive a refund for the remaining days after your cancellation date.

How long does Progressive take to refund after cancellation?

After canceling your insurance policy, processing the refund typically takes up to 10 business days. However, it may take longer to process the cancellation, especially if there is a request for proof of new coverage or Progressive requires a written request for cancellation.

How to Get a Progressive Refund with Chargeback

Progressive can make canceling your insurance policy challenging. With many different options on the website, knowing how to cancel the policy can be confusing. Chargeback can help you get your money from Progressive by setting up a profile in the app. Once your profile is created, follow these steps to get your Progressive refund with Chargeback:

  1. Log in
  2. Select Refund Instantly
  3. Select charges from Progressive you would like a refund for
  4. Provide your first and last name
  5. Open the email template
  6. Press send

How to Get a Progressive Refund Without Chargeback

Though Chargeback can help you get a refund from Progressive, you can cancel your insurance policy and get it on your own. To get a Progressive refund without using Chargeback, you must contact Progressive directly. Tell them you want to cancel your insurance policy and request a refund for the remaining balance.

How does Progressive Issue Refunds

Typically, Progressive issues refunds using the same payment method you used to pay for the insurance policy initially. If you paid for your policy using a credit card, the company will refund the money to that card. Or if you paid by your checking account, the funds for your refund will be deposited back into your account.

What is a "Draft Refund" from Progressive?

Refunds from Progressive are made directly to the bank account you used to pay your policy. A Draft Refund is when Progressive issues you a printed check to cover the refund amount.

Can I cancel Progressive Insurance at any time?

Progressive insurance policies can be canceled at any time for any reason. There is no waiting period, nor do you need to wait until your policy's renewal.

How to Cancel Progressive Insurance

Since you do not have to wait until your insurance policy renewal, call Progressive anytime to cancel your policy.

Auto Insurance

To cancel your auto insurance, call Progressive's customer service department and request that your auto insurance policy be canceled. You can immediately set the cancellation date for me or request a future date. The customer service representative will let you know if any additional fees or money are owed or if you are to receive a refund.

Travel Insurance

Travel insurance is a great add-on benefit to protect you if anything unexpected happens during your vacation, including the trip getting canceled. If you plan to take a trip and have signed up for Progressive's travel insurance, it is possible to cancel that insurance policy. To cancel your travel or vacation insurance and receive a refund, you must contact Progressive and cancel before your vacation start date listed in your policy.

Life Insurance

If you have a life insurance policy through Progressive, you must call customer service to speak with a representative. You can set your cancellation to occur immediately or at a future date.

Homeowners' Insurance

Since you cannot cancel insurance through Progressive online, you must call to speak with a customer service representative if you have a homeowners' insurance policy.

Old Insurance

If you have an old insurance policy through Progressive, it is best to contact customer service to speak with a representative. The customer service representative can help determine if you have an old insurance policy with them and if you are owed any refunds.

Progressive Policy cancellation request form

Sometimes, your Progressive Insurance policy requires a written request for cancellation. You may be instructed to complete a cancellation request form when speaking with a customer service representative. If needed, the representative will email you the form, which you can sign and either mail back to Progressive or scan and send via email.

Progressive Insurance Cancellation Fees

Progressive charges a $50 cancellation fee for all policies being canceled within the first term (meaning the policy has yet to be renewed). Once you have renewed your policy, there is no cancellation fee.

Reasons to Cancel Your Progressive Insurance Policy

You may want to cancel your insurance policy with Progressive for many reasons. Some of those reasons may include the following:

  • No longer have the vehicle
  • No longer drive
  • Switching insurance companies
  • Getting coverage under someone else's policy
  • Moving out of the country

How to Decide When to Cancel Your Progressive Insurance Policy

The decision to cancel insurance is very personal. You must know that the reason you are canceling is best for your situation. Selling your vehicle or wanting to switch carriers for less expensive insurance may determine when to cancel your insurance policy with Progressive.

Progressive Cancellation Letter

A Progressive cancellation letter is a written request to cancel your insurance coverage.

Progressive Leasing Refund Policy

If you have a lease through Progressive Leasing, you can return the items at any time without additional fees or penalties. Once the items are returned, you will no longer owe anything except for any outstanding balances from the lease-to-own costs.

Progressive Leasing Return Policy Best Buy

If you are within the Best Buy return period, you can return an item leased through Progressive Leasing and may be eligible for a refund. However, if you are not within the return period, you may still be able to cancel your lease, but you will not be eligible for a refund. It is best to speak with a Progressive Leasing customer service agent at (877) 898-1970 to learn more about your options.

Contact Progressive via Chat, Email, or Phone

You can contact Progressive by calling (888) 671-4405, using their online chat, or emailing.

Progressive Insurance is one of the easiest insurance companies to work with and is very helpful when wanting to cancel your insurance. We give Progressive a nine regarding their return and refund policy. They are very generous with their cancellation at any time for any reason but do charge a fee if canceled before your policy's first renewal.