Getting auto insurance refunds after canceling a policy can be confusing. If you recently canceled your GEICO policy, you may be wondering how to get a refund for any unused premiums you already paid.

If you’re short on time, here’s a quick answer to your question: You can get a prorated refund from GEICO for any unused premiums within 30 days of canceling your policy. The refund is calculated based on the remaining days left in your policy period.

In this comprehensive guide, we’ll explain everything you need to know about getting a refund from GEICO after cancellation. You’ll learn how the refund is calculated, how long it takes to receive your refund, and what steps to take to initiate the refund process.

How GEICO Calculates Refunds After Cancellation

If you have decided to cancel your GEICO insurance policy, you may be wondering how the company calculates refunds. GEICO has a straightforward refund policy that ensures you receive a fair amount when you cancel your policy.

There are a few key factors that GEICO takes into consideration when determining your refund amount.

Daily pro-rata refund policy

GEICO operates on a daily pro-rata refund policy, which means that you will receive a refund for the unused portion of your policy. This policy ensures that you are only paying for the coverage you actually used.

For example, if you cancel your policy halfway through your billing cycle, you will receive a refund for the remaining days.

This refund calculation is based on a simple formula. GEICO divides your annual premium by 365 days to determine your daily premium rate. Then, they multiply this rate by the number of days remaining in your policy term.

This calculation ensures that you receive a fair refund based on the exact number of days you did not use your coverage.

Factors that affect your refund amount

While the daily pro-rata refund policy forms the basis for your refund calculation, there are a few additional factors that can affect the refund amount. These factors include:

  • Cancellation timing: The timing of your cancellation can impact your refund amount. If you cancel your policy early in the billing cycle, you may receive a larger refund compared to canceling closer to the end of the cycle.
  • Discounts and additional fees: If you received any discounts or paid any additional fees when you initially purchased your GEICO policy, these may be factored into the refund calculation.
  • State regulations: Each state has its own regulations regarding insurance refunds. GEICO follows these regulations when calculating your refund amount.

It’s important to note that these factors can vary depending on your specific policy and state regulations. To get the most accurate information about your refund, it’s always best to contact GEICO directly or refer to their official website (

How Long It Takes To Get Your GEICO Refund

When you cancel your GEICO insurance policy, you may be entitled to a refund for any unused portion of your premium. However, the process of receiving your refund may vary depending on various factors.

It’s important to understand the refund processing time, as well as the options for receiving your refund.

Refund processing time

The time it takes to receive your GEICO refund can vary depending on several factors. In general, GEICO aims to process refunds within 10 business days after the cancellation of your policy. However, it’s important to note that this is just an estimate and the actual processing time may vary.

There are several factors that can affect the refund processing time. These include the method of cancellation (online, through an agent, etc. ), the reason for cancellation, and the complexity of your policy.

If there are any complications or additional information required, it may take longer to process your refund.

Receiving your refund check in the mail

One option for receiving your GEICO refund is by check in the mail. After your refund has been processed, GEICO will mail you a check for the refund amount to the address on file. The time it takes for the check to arrive will depend on various factors, such as your location and the efficiency of the postal service.

It’s important to ensure that your address is up to date in GEICO’s records to avoid any delays in receiving your refund check. If you have recently moved or changed your address, make sure to update this information with GEICO as soon as possible.

Having your refund directly deposited

Another option for receiving your GEICO refund is by direct deposit. If you have previously set up direct deposit with GEICO, your refund can be deposited directly into your bank account. This can be a faster and more convenient option, as it eliminates the need to wait for a check to arrive in the mail.

To set up direct deposit for your GEICO refund, you can log in to your GEICO account online and provide your banking information. Make sure to double-check the accuracy of the information to avoid any delays or complications.

It’s important to note that the availability of direct deposit may vary depending on your location and the specific policies of GEICO. If direct deposit is not available in your area, you may need to choose the option of receiving a refund check in the mail.

Steps To Getting Your GEICO Cancellation Refund

If you’ve decided to cancel your GEICO insurance policy, it’s important to understand the steps involved in getting your refund. Follow these simple steps to ensure a smooth refund process:

1. Notify GEICO you want to cancel

The first step in getting your refund is to notify GEICO that you want to cancel your policy. You can do this by contacting their customer service department either by phone or through their website. Be prepared to provide your policy information and the effective date of cancellation.

2. Return proof of insurance card

Once you’ve notified GEICO of your cancellation, they may ask you to return your proof of insurance card. This is a standard procedure to confirm that you are no longer using their services. Make sure to follow their instructions regarding how to return the card, whether it be through mail or scanning and uploading it online.

3. Request refund from GEICO

After you’ve canceled your policy and returned the proof of insurance card, you can then request your refund from GEICO. This can typically be done through their website or by contacting their customer service department.

Provide them with any necessary information, such as your policy number and the reason for cancellation.

4. Provide bank details for direct deposit refund

If you prefer to receive your refund through direct deposit, make sure to provide GEICO with your bank details. This will allow them to transfer the refund directly into your account, saving you the hassle of waiting for a check in the mail.

Ensure that you provide accurate and up-to-date information to avoid any delays in receiving your refund.

Remember, the refund process may vary depending on your specific policy and circumstances. It’s always a good idea to consult GEICO’s official website or contact their customer service for the most accurate and up-to-date information regarding cancellation refunds.

What To Do If You Don’t Get Your GEICO Refund

When you cancel your GEICO insurance policy, you are entitled to a refund of any unused premiums. However, there may be instances where you don’t receive your refund or encounter delays in the process. If this happens, here are a couple of steps you can take to resolve the issue:

1. Call customer service

The first thing you should do if you don’t receive your GEICO refund is to contact their customer service. You can find their contact information on their website or your insurance documents. Explain the situation to the representative and provide any relevant details such as your policy number and the cancellation date.

They will be able to look into the matter and provide you with an update on the status of your refund.

GEICO prides itself on its customer service and aims to resolve any issues promptly. Their representatives are trained to assist customers with refund inquiries and will guide you through the process. If there are any discrepancies or delays, they will work to rectify the situation and ensure you receive your refund in a timely manner.

2. File a complaint with your state insurance department

If contacting GEICO customer service doesn’t resolve the issue or you are not satisfied with their response, you have the option to file a complaint with your state insurance department. Each state has its own regulatory body that oversees insurance companies and handles consumer complaints.

You can visit the website of your state insurance department to find information on how to file a complaint. They will provide you with the necessary forms and guidance on what information to include. Make sure to provide all relevant details regarding your policy, cancellation, and refund request.

The insurance department will investigate your complaint and work towards a resolution.

It’s important to note that filing a complaint should be a last resort if all other attempts to resolve the issue have failed. The state insurance department can intervene and mediate between you and GEICO to ensure a fair outcome.

However, the process may take some time, so it’s best to initially try resolving the issue directly with GEICO.

Remember, GEICO has a good reputation for customer service, and most refund issues can be resolved with a simple phone call. However, if you do encounter any difficulties, don’t hesitate to escalate the matter to the appropriate authorities to ensure you receive the refund you are entitled to.

Alternatives To Get Money Back Without Canceling

If you’re looking to save money on your GEICO auto insurance policy, there are several alternatives to consider before canceling your coverage. By exploring these options, you may be able to reduce your premium and put some money back in your pocket. Here are a few alternatives to consider:

Change to a lower premium policy

If you’re looking to lower your premium without canceling your policy, one option is to change to a lower premium policy. GEICO offers a variety of policy options that may be more affordable for your budget.

By adjusting your coverage levels or deductible, you can often find a policy that better fits your needs and saves you money. Remember to compare different policy options and their respective premiums to ensure you find the best fit for your situation.

Remove drivers or vehicles

If you have multiple drivers or vehicles on your policy, removing one or more of them can help lower your premium. For example, if your teenager recently got their own car and insurance, you may be able to remove them from your policy to reduce your premium.

Similarly, if you no longer use a specific vehicle, removing it from your policy can also result in savings. However, be sure to check the potential impact on coverage and consult with your insurance agent before making any changes.

Take defensive driving course discount

GEICO offers a defensive driving course discount to policyholders who complete an approved defensive driving course. By taking advantage of this discount, you can not only improve your driving skills but also save money on your premium.

Check with GEICO to see if they offer such a discount and find out which courses are approved. Taking a defensive driving course can not only be a great way to save money but also enhance your safety on the road.

Remember, when considering any changes to your policy, it’s important to weigh the potential savings against the impact on your coverage. Be sure to consult with your insurance agent to understand the full implications of any changes you make.

By exploring these alternatives, you may be able to save money without having to cancel your GEICO policy.


Canceling your GEICO policy does not have to be an ordeal. As long as you notify them of the cancellation in a timely manner, you are entitled to a prorated refund of any unused premiums within 30 days in most states.

Be sure to call GEICO and stay on top of the refund process so you can get your money back quickly without any hassles.

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