Hello everyone, I have just been acepted for my IVA last week and have just had my insurance annual qoute through and it has gone up a HUGE amount. I asume this is because of my IVA. I have found cheaper quotes on Money Supermarket but can you buy monthly if you are in an IVA. I am hopinh Hastings Direct will accept as they are by far the cheapest. Thank you
You can take out monthly insurance - a lot of us have done throughout an IVA.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
I have paid my car and home insurance via monthly instalments all the way through the near six years of my IVA without any problems being accepted by my chosen insurers.
I am currently with Hastings for my car insurance approaching renewal time and I am suprised to see that spurs has posted that they had to pay all up front, as I had no issues at all paying my policy monthly with them.
I won`t be renewing this year though, maximum no claims and they are upping my cover by £200[:0]
"When the seagulls follow the trawler, it is because they think sardines will be thrown into the sea".
Goosed -- they will likely reduce the premium if you challenge it. Many insurance companies seem to try to "fleece" renewing customers to subsidise new customers lower quotes.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Like most other posters I've never had an issue with monthly payments & over the past 55 months have changed insurers several times. As Foggy said challenge them, don't meekly accept what they're currently offering, plenty of other insurers will give you better quote as a new customer.
we changed insurers a few times during the IVA, but didn't always get the best deal pricewise because some wouldn't give monthly installments. We have been with Swinton, Insure the Box (had a telematics box installed) and currently Hastings they all allowed installments no problem
getting there ....
Got there!!
IVA started 27/10/2010
final payment 27/10/2015
CC received 6/5/16
Off the register 5/8/16
Thanks everyone. I've now cancelled with Tesco as I phoned them and they said that price was the best they could do. They didn't even mention the IVA. I've got until the 1st June to sort it so will be looking around. Hastings is certainly coming up the cheapest so I am hoping they will take monthly payments but we will see.
Thanks again for the support it really helps.
Usually the premium is a bit higher if you pay in installments rather than a lump sum - it will be a case of shopping around and trying to get the best deal you can.
Last edited by Lisa Thomas on Mon May 09, 2016 10:48 am, edited 1 time in total.
