Are there any penalties for canceling my GEICO policy early?

Yes, there may be penalties for canceling your GEICO policy early. These penalties can vary depending on the specific terms and conditions of your policy, as well as the state regulations. In some cases, you may face a cancellation fee, which is a charge imposed by the insurance company to cover administrative costs associated with canceling the policy. Additionally, cancelling your policy early may result in losing any discounts or benefits that were applied at the time of purchase. It is always recommended to review your policy documentation or contact GEICO directly to understand the specific penalties or fees that may apply if you decide to cancel your policy before its expiration date.