My current insurance might not renew my policy because they are switching to another company that I can’t join. I’m thinking about signing up with Geico for a policy starting December 1. If my current insurance does decide to renew me, I might want to cancel Geico after a few days. Some companies, like USAA, let you backdate cancellations by 30 days.
So, if I cancel Geico on December 15, can I backdate it and get a full refund since I’d have overlapping coverage? Or would I have to pay for the days I was technically covered by Geico?
You need to clear up your current insurance situation first. Call them and confirm if they’re going to renew you or not. If they aren’t, just set up a new policy to start when the old one ends.
Marlow said:
You need to clear up your current insurance situation first. Call them and confirm if they’re going to renew you or not. If they aren’t, just set up a new policy to start when the old one ends.
I already asked, and they said they’re not sure yet, lol. I’m just wondering—if I go ahead with Geico and cancel shortly after it starts, would they refund the full amount if I had overlapping coverage? Or would they just give a prorated refund?
Hadi said: @Ira
From what I know, they usually give a prorated refund. But if someone has had a different experience, feel free to share.
That’s what’s confusing. When I chatted with them online, they said it would be a full refund since I’d have overlapping coverage. But when I called, they said it would be prorated. Not sure what’s accurate.