About to file, will insurance rates go up?

[flower04]

We have Auto, Home, and a credit card through the same insurance company. We are current on the policies except the credit cards which will be dissovled as part of the bankruptcy. Our attorney has suggested that we look around but other companies are much more expensive than the current company.

Any sugggestions or advice?

[helpless]

We have USAA for mortgage and insurance (home and auto), we bked a cc and our rate didn't go up because of it, theY did go up because I have a 18 and 20 yo sons!! They are still cheaper than anyone else.

[Flamingo]

How long have you had the auto and home insurance company? If you are a long term policy holder in good standing, filing BK doesn't mean they will drop you or raise your rates. The longer you are with a company, the less chance you have of having rates rise or being dropped if you file. Also, if your state does not allow credit profiling by insurance companies, your rates cannot rise due to filing; some states allow profiling, some don't. So if you switch companies now, it doesn't matter cause if your state allows credit profiling, your new insurance company will be checking your credit reports yearly for any changes and will raise your rates accordingly.

[flower04]

We have USAA also. We've been with them for over 10 years. Thanks for advice!

[Cali]

We have USAA for mortgage and insurance (home and auto), we bked a cc and our rate didn't go up because of it, theY did go up because I have a 18 and 20 yo sons!! They are still cheaper than anyone else.

We have USAA as well. We've been with them for awhile, never late on anything, no accidents and our insurance went up 30$ from our last payment. And I don't know why. Oh and we haven't filed yet either.

[Flamingo]

We have USAA as well. We've been with them for awhile, never late on anything, no accidents and our insurance went up 30$ from our last payment. And I don't know why. Oh and we haven't filed yet either.

They may have pulled your credit report - you have not yet filed, your credit is probably bad on your reports at this time. Is that $30 per month or $30 for the entire year's premium? If it is per month, you can bet it's the credit reports being pulled. If it's only $30 for the entire year premium, it is just a normal across the board increase that everyone gets.

[aa06a47]

I had State Farm Insurance and nothing changed until I had a claim. Then they cancelled me. Believe me when I tell you it was difficult getting insurance with a claim and a bankruptcy. Seems I fit the perfect profile of a dead beat out just to make money on insurance. My rate with the new company is 2x the rate I had with State Farm....and that was the cheapest I could get. (Note, that is with a discount for being an alumni of a college they partner with)

[qwertysue]

We started with Geico 5 months before filing and 6 months after we stopped paying our larger CC bills. Our rates have gone down twice since then, no issues whatsoever in regard to our filing.

.

[Cali]

They may have pulled your credit report - you have not yet filed, your credit is probably bad on your reports at this time. Is that $30 per month or $30 for the entire year's premium? If it is per month, you can bet it's the credit reports being pulled. If it's only $30 for the entire year premium, it is just a normal across the board increase that everyone gets.

The increase is per month. I just checked my credit reports a week ago and they were fine. I guess there must be something on them now.

[MajorMike]

I've had State Farm for 30 years and it went up for the first time when we filed BK...but not much..about $200/year.