If you pay in advance, then yes, you will receive a refund for the unused portion of your payments if you cancel your Geico policy. You can contact Geico to see how much you will receive and when you will receive it. Yes, you can cancel Geico insurance at any time by contacting Geico and canceling your coverage immediately or setting a cancellation date for the future. Because your credit history is correlated with your likelihood of filing an insurance claim, Geico uses your credit data to calculate your premium in states where it's legal.
You paid for car insurance in advance, and since you didn't pay the premium and were out of the grace period, you technically didn't have insurance. You want to cancel your insurance policy because you think it's a waste to pay for the two months you won't be in your car. Practicing safe driving habits and avoiding traffic violations can help you qualify for lower insurance rates from Geico in the long term. For example, drivers can get a discount of up to 15% if they insure a car that is three years old or younger.
Expensive cars, sports cars and cars with high theft rates are considered to be riskier to insure than cheaper and more practical vehicles. Finally, if you're still struggling to pay for your Geico policy, you should consider switching to another insurer. You can reduce your Geico car insurance costs by taking advantage of Geico discounts, opting for a higher deductible and reducing your coverage, among other things.