Car insurance while bankrupt

allthe7s

I was going to stay with my current insurance company but the price has gone up loads. 

I've got the money to pay upfront for the year which I thought would mean I dodnt have to be credit checked. 

I got all the way to paying when it says please note you are agreeing you have never been bankrupt. Insurance is invalid if you make a false declaration. Theres no where asking me if I am bankrupt on the quote form. 

Anyone know how I can sort my car insurance? 

Thank you 

luvchocolate

I never had a problem paying for the year..check the assumptions on the comparison sites. 
I was with Aviva no problem 

bradders1983

Thats odd. I was never asked any question about bankrupcy when I have bought car insurance, and I also pay it up front.

Really dont see the issue if you pay it up front, are you sure the bit you are reading is for monthly customers only?

luvchocolate

You always need to read the assumptions bankruptcy is sometimes in there. 

ict_guy

Many insurers put that within their small print. I suppose there is a greater risk of insurance fraud with bankrupt customers. It would be best to phone them, before ticking that final box accepting that you have never been bankrupt when you have. Non-disclosure will certainly mean they won’t pay out to the policy holder in the event of a claim.

John_

bradders1983 said:

Thats odd. I was never asked any question about bankrupcy when I have bought car insurance, and I also pay it up front.
Really dont see the issue if you pay it up front, are you sure the bit you are reading is for monthly customers only?

The issue is that the two cohorts, bankrupt and non-bankrupt likely have different average levels of risk aversion. People who take little to no risk are less likely to become bankrupt than those who do.

bradders1983

Is the OP willing to tell us which company this is?

gg23

bradders1983 said:

Thats odd. I was never asked any question about bankrupcy when I have bought car insurance, and I also pay it up front.

Really dont see the issue if you pay it up front, are you sure the bit you are reading is for monthly customers only?

I can see on my documents that Admiral certainly asked me for my home insurance cover, and it is paid annually.  As far as I'm aware it's far from uncommon to be asked about insolvency for insurance, regardless of how you're paying for it.

luvchocolate

Home insurance tends to be much more of a problem...they ask if anyone in the household has ever been BR 
.regardless of how you pay. 
I found it best just to declare it 

gg23

luvchocolate said:

Home insurance tends to be much more of a problem...they ask if anyone in the household has ever been BR 
.regardless of how you pay. 
I found it best just to declare it 

Well, I suppose it's a bit more difficult in a car.  "Has anyone who will be driving or will be a passenger in the car ever been declared bankrupt?" might be a bit of an unreasonable question.  And it's probably not the case that giving a lift to a BR makes you more likely to make an insurance claim

allthe7s

Its Tesco car insurance, there isn't anywhere to tick or select you have been bankrupt, I wasnt asked, but at the bottom it says "by proceeding to checkout you are confirming you have never been bankrupt and have no outstanding CCJs." There is nothing saying what do do if you cant agree to that or to tell them otherwise