Can I get my money back from Geigo?

Question

I got my Geigo insurance 6 month ago. Recently my car just broken, and I decide to sell it. My insurance wont be expired until October. Since I already paid all the money for 6 month, but I am not gonna to use it for the next 2 month. I am wondering if I can get my money back.

Thanks

Answer 1

yes, they will refund you that money.

Answer 2

Call them and ask them, usually when you pay ahead they will re-imburse you for the difference due to the end of your policy. They can tell you better than we can. Good luck!

Answer 3

Once you sell the car, cancel the insurance and you should get a prorated share (probably about 1/3) of the prepaid auto insurance back.  Check with Geico to see if there is any early-termination fee that might be deducted.

Answer 4

You will get some back

Insurance policies are front loaded.

(Front Loading is allowed by some states and not by others)

percent amounts vary by states and companies

On a 6 month policy costing 1000 lets say

Month 1 21% = 210

Month 2 21% = 210

Month 3 21% = 200

Month 4 21% = 180

Month 5 21% = 120

Month 6 21% = 80

with 2 months left you would get 200 back within 30-60 days

Now if you have a note on your car the lender could put forced insurance on it with them as the only named insured which costs about 40% of your 6 month policy per month