Question about Progressive Insurance
I currently have car insurance with Progressive, and my next payment of $800 is scheduled to come out on Monday, March 10th. However, I’ve changed the payment date to the 12th. I’m planning to switch insurance providers on March 10th at 9 AM. My question is: will I have to pay for the 9 hours of insurance I use on that day? If I wait a few more days to switch, will I still be charged for the full $800 when I notify Progressive, or will it only be for the days I have left?
When it comes to insurance, it’s important to understand the specific terms and conditions outlined in your policy. Typically, insurance providers like Progressive charge for coverage on a monthly basis, so if you cancel your policy mid-month, you may only be responsible for the premium for the period of time you were covered, up until the cancellation date.
In your case, if your payment is set to process on the 12th but you’re switching insurers on the 10th, you should only be responsible for the coverage from the 1st to the 10th, not the full $800. It’s best to contact Progressive directly to inquire about your specific situation and to confirm how they handle cancellations. They can provide clarity on whether you’ll be charged for just the days you were insured or if the full amount will still apply.
If you choose to wait a few extra days to switch, you’d likely be billing for the extra days of coverage from the 10th until you officially cancel. Again, reaching out to Progressive will give you the most accurate information regarding your policy.