What is GEICO's cancellation policy?

GEICO's cancellation policy allows policyholders to cancel their insurance coverage at any time. When a cancellation is initiated, policyholders may contact GEICO or use their online account to process the request. It is important to review the specific terms and conditions of the policy, as cancellation may be subject to state regulations and individual circumstances. GEICO typically offers a grace period where a policyholder can cancel without penalty if done within a specified timeframe, often within the first thirty days of the policy's issuance. However, if the cancellation occurs after this period, it may be advantageous to understand how any unearned premium will be refunded. Typically, refunds for any prepaid premiums will be issued, but the time taken to process these refunds can vary. Additionally, it is wise for policyholders to ensure that they have secured alternate coverage before canceling to avoid any lapse in insurance coverage. For the most accurate and up-to-date information regarding cancellation terms and possible fees, it is advisable to visit the official GEICO website.