can i get car insurance at an affordable rate after declaring bankruptcy?
- 4 Comment
4 Comments on this post
Trackbacks
-
carolinagurlie said:
Unfortunately, many insurance companies today do run credit checks before they will write your insurance. Mine does and having a bad credit record CAN affect your insurance rates greatly. Every company has its own set of rules and practices that it goes by and it’s own set of rates. Call around and get quotes from several different places and go with the one that gives you the best rate. Not every company charges the same.
Like or Dislike:
0 
0December 15th, 2009 at 7:26 am -
swami said:
I don’t think declaring bankruptcy has anything to do with what you would be charged for car insurance. Accidents and tickets are what would raise your rates.
Like or Dislike:
0 0December 15th, 2009 at 7:26 am -
1972 said:
Your credit rating plays a small part in insurance costs. However, since you declared bankrupcy, you should be driving a car that is worth about $1000 until your finances are in order. Insurance for a car like that will cost next to nothing. Be sure to go to an independent agent to get quotes. Also, NEVER BORROW MONEY AGAIN, and you will not have to worry about a small rise in insurance.
Like or Dislike:
0 0December 15th, 2009 at 7:26 am -
theiss2200 said:
Insurance shouldn’t be too bad but Like someone stated that you shouldn’t borrow money, all you have to do is wait 10 years and then after that it is ussually off your credit report.
Like or Dislike:
0 0December 15th, 2009 at 7:26 am
