Renewing car insurance whilst in an IVA

Get expert opinion. This is the place for new questions to be posted.
6 posts Page 1 of 1

jackie273

Posts: 2
Joined: Wed Nov 21, 2018 10:28 pm

Post by jackie273 » Sun Jul 14, 2019 7:25 am
I need to renew my car insurance in the next 48 hours and I am a year into my IVA. I can't afford to pay it in one go, who is the best company to go to so I can get monthly payments.

kallis3

User avatar
Forum Expert
Posts: 75059
Joined: Mon Mar 17, 2008 4:02 pm
Location: United Kingdom

Post by kallis3 » Sun Jul 14, 2019 8:02 am
I take it you can't pay monthly with your existing insurer?
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

Foggy

User avatar
Forum Expert
Posts: 29621
Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom

Post by Foggy » Sun Jul 14, 2019 8:15 am
It is often best to stick with companies during the IVA, rather than shop around, unless they have hiked the premium unreasonably. When looking for quotes the comparison sites do tent to put a lot of weight on the fact that you are in an IVA, whereas approaching the companies directly often overcomes this.
I was with Direct Line throughout my IVA, paying monthly, with no issues --- but I was with them before the IVA as well.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
http://foggy.blogs.iva.co.uk

jackie273

Posts: 2
Joined: Wed Nov 21, 2018 10:28 pm

Post by jackie273 » Sun Jul 14, 2019 8:20 am
I was with Hastings Direct but they are unable to offer a renewal. No reason given. Any ideas?

kallis3

User avatar
Forum Expert
Posts: 75059
Joined: Mon Mar 17, 2008 4:02 pm
Location: United Kingdom

Post by kallis3 » Sun Jul 14, 2019 8:33 am
I don't know of any that would definitely offer you insurance monthly but make sure you don't make too many applications as it will show up on your credit record.
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

Foggy

User avatar
Forum Expert
Posts: 29621
Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom

Post by Foggy » Sun Jul 14, 2019 9:30 am
Sun Jul 14, 2019 8:33 amkallis3 wrote:
I don't know of any that would definitely offer you insurance monthly but make sure you don't make too many applications as it will show up on your credit record.
They will show up as quotation searches, so should not be an issue. And, let's face it, with an IVA the credit record is toilet paper anyway !!
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
http://foggy.blogs.iva.co.uk
6 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”