Car Insurance after BR

elliesmemory1 · 27 February 2013 at 10:03PM

Can anyone else suggest any companies that are br friendly please

alastairq · 27 February 2013 at 10:51PM

Co-op is my choice, pay mthly....but with interest..

elliesmemory1 · 2 March 2013 at 12:04PM

Thanks, will give co op a try.

Heycock · 2 March 2013 at 5:25PM

Hardupandfedup...when you say the company can just cancel the policy if you don't pay, that's not strictly true. If they do the finance inhouse as a straight nocredit instalment agreement, then yes, they can cancel your policy under the terms of the agreement. If however, they use a third party to finance the credit, then your nonpayment would be a matter for the finance company and not the insurer. Your insurance would remain intact and the finance company would have the civil claim against you. So, it's the 3rd party finance companies who say no instalments...not the insurer.

Buzby · 2 March 2013 at 6:07PM

However, once the finance company tells the insurer that the payments have failed, the insurer will cancel the polic regardless, AND inform Insurance Hunter that the policy was terminated adversely - this means it has to be disclosed if you plan to take out another policy later. If you don't it becomes a disclosure failure.

The finance company will still chase you for the full amount owing regardless and will mark any delay or default on your credit file.

elliesmemory1 · 2 March 2013 at 6:46PM

Thanks, I dont intend not to pay! just dont understand why br should effect car insurance.

kepar · 2 March 2013 at 6:56PM

Hardupandfedup wrote: »

Thanks, I dont intend not to pay! just dont understand why br should effect car insurance.

Because you have become one of the underclass, you have upset the financial institutions and they are going to repay you by making it as difficult as they can.

WLITC · 2 March 2013 at 7:43PM

I use Endsleigh for my contents insurance and they allow me to pay monthly. They only time they don't allow monthly is if your currenly BR, but once discharged your fine.

elliesmemory1 · 3 March 2013 at 9:16AM

Thanks, will be looking arond in next few days.

elliesmemory1 · 28 March 2013 at 8:03AM

Could I just ask is it best to do it on line or ring up? I have got a quote on line from co op and it has the option of paying monthly but would it be ok to go ahead on line? Just worried it will stop me paying monthly.