Car insurance and my iva

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jenna961
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by jenna961 » Wed Oct 24, 2018 8:56 pm
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?
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luluj
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by luluj » Thu Oct 25, 2018 2:37 am
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
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MerlinL14
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by MerlinL14 » Thu Oct 25, 2018 7:37 am
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.
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Foggy
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by Foggy » Thu Oct 25, 2018 7:41 am
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.
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kallis3
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by kallis3 » Thu Oct 25, 2018 8:09 am
I had no problems either.
redboxtree
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by redboxtree » Thu Oct 25, 2018 9:59 am
If I remember correctly it is NFU that tends not to accept people who are in an IVA.
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