No, Geico doesn't charge a cancellation fee to customers who cancel their auto insurance coverage midway through the policy. Drivers can cancel a Geico policy by calling (800) 841-1587 and will receive a full refund for unused premiums. Some auto insurance companies also charge a fee for canceling your policy before the policy term ends. Your insurance company may require a bill of sale before allowing you to cancel to show that you won't drive without insurance.
In addition, if you cancel your Geico policy because you disposed of your car, you may have to submit proof, such as a sales invoice, so that Geico knows that you won't. To cancel a Geico insurance policy, the policyholder must call Geico to speak directly with a customer service agent. There are generally two types of fees that auto insurance companies charge for cancellation, fixed rates and short-term rates. When the interactive voice response system prompts you, say “cancel the insurance policy” and then “automatic” if you are going to cancel your car insurance policy.
