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Yes! They can charge you a cancellation fee that is either a flat rate or is a percentage of your total annual premium calculated based on when you cancel. Lots of insurance companies do this although some only charge you to cancel within the first year

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14y ago

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How to cancel my progressive policy?

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Can insurance cancel your insurance after they have taken payment?

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Can you stop a term life insurance policy?

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Can an insurance company charge inflation rates?

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