Hi just started our 4th year and one thing I cant understand is getting cheaper insurance

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Mark.29

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Post by Mark.29 » Mon Sep 29, 2014 4:33 pm
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Hi just started our 4th yr and one thing i cant understand is when they say get cheaper car/ house insurance . If i do this then surely my payments will go up as this is seen as spare expenditure? Can anyone offer any advice pls
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Foggy

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Post by Foggy » Mon Sep 29, 2014 4:49 pm
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You are correct in that any savings made in this regard should be rolled into the IVA payment. In many cases it is better to stay where you are simply because getting new insurances is hampered by the very IVA you are trying to service.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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relieved33

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Post by relieved33 » Mon Sep 29, 2014 4:51 pm
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Is your IP telling you to get cheaper insurance? We did manage to get cheaper home and car insurance but this was offset by higher other costs so made no difference to the payments.
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Shining

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Post by Shining » Mon Sep 29, 2014 5:20 pm
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I'm the same as relileved33 I shopped around every year and managed to source many different lines of insurance but very often the saving was outweighed with normal increases in household expenditure.
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
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