car insurance when your bankcrupt

diddley

What happens with car insurance when your bankcrupt, my insurers are cancelling my policy and have given me a weeks notice . Does anyone know a company that helps people who are BR ?

curly04

try the co op

Falze

try a local broker. They will have expertise and know how to help you. There is very few of them now, but they should now what to do and you should get a better level of service.

Who are you with now (for interest) that want it cancelling ??

confused76

i'm with swift cover, i checked with them that being br was ok - and i still pay in installments

stevemarsh1976

Falze wrote: »

try a local broker. They will have expertise and know how to help you. There is very few of them now, but they should now what to do and you should get a better level of service.

Who are you with now (for interest) that want it cancelling ??

still around 3000 of us

Agree with Falze theres loads of insurers taht a broker will have access to that dont even ask about BR for car insurance and paying monthly shouldnt be a problem either.

One thing to be vary wary about is that you need to act quickly and physically cancel your insurance with your existing provider as one of the questions you will be asked is have you ever had your insurance cancelled or special terms imposed, this isnt favourable when obtaining new quotes.

Falze

And also be careful with direct debits. Alot of Insurers use credit agreements or finance companys to collect the instalments, which are technically loans.

I know the rules about obtaining credit once BR, so be careful. There is a difference with Credit Agreements and direct debits. Ask to be placed with an Insurer that has there own direct debit facility.

Falze

stevemarsh1976 wrote: »

still around 3000 of us

I know, but sometimes i think were fighting a losing battle, especially on the motor side of things. Expertise and knowledge sometimes dont compete with stupidly cheap prices.

skylight

Falze wrote: »

And also be careful with direct debits. Alot of Insurers use credit agreements or finance companys to collect the instalments, which are technically loans.

I know the rules about obtaining credit once BR, so be careful. There is a difference with Credit Agreements and direct debits. Ask to be placed with an Insurer that has there own direct debit facility.

This is only applicable if you are getting credit of more than £500, so if your insurance is less than that, you do not have to inform them of being BR. And if the insurer isn't bothered about the BR and if the amount is over £500 tell them anyway you are BR to cover your own back.

Flipping minefield!

curly04

Falze wrote: »

I know, but sometimes i think were fighting a losing battle, especially on the motor side of things. Expertise and knowledge sometimes dont compete with stupidly cheap prices.

:whistle: :whistle: :whistle: :whistle:

(Steve will get this LOL )

stevemarsh1976

curly04 wrote: »

:whistle: :whistle: :whistle: :whistle:

(Steve will get this LOL )

lol I do

dojoman

You should not have too much trouble getting car insurance. It is house insurance where the problem seems to be.