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Car insurance and my iva
Posted: Wed Oct 24, 2018 8:56 pm
by jenna961
Hi I pay my car insurance monthly will I be unable to get new car insurance in the future when mine runs out if I need to change companies for a lower price. Or if I stay with my insurer and don't change will they cancel or increase my policy price when they find out about the IVA if I choose to sign up for one?
Re: Car insurance and my iva
Posted: Thu Oct 25, 2018 2:37 am
by luluj
You should be fine - i had no issues in continuing my monthly payments during our iva and we swapped insurance companies during the 5 years
Re: Car insurance and my iva
Posted: Thu Oct 25, 2018 7:37 am
by MerlinL14
I paid monthly during my IVA and had no issues. The payments were recorded in my I&E and were accepted as a living expense.
Re: Car insurance and my iva
Posted: Thu Oct 25, 2018 7:41 am
by Foggy
I had no issues paying monthly throughout my IVA, however I chose to stay with the same insurers, who did not hike my premium at all.
Re: Car insurance and my iva
Posted: Thu Oct 25, 2018 8:09 am
by kallis3
I had no problems either.
Re: Car insurance and my iva
Posted: Thu Oct 25, 2018 9:59 am
by redboxtree
If I remember correctly it is NFU that tends not to accept people who are in an IVA.