Car insurance and BK

[pdxgrrrl]

I was Googling away this morning and came across an article that said that filing for BK can have a negative effect on one's car insurance. Basically the article said that insurance companies look at a BK much like they do an accident or a DUI in that, if there's one on your record, they can either raise your rates or cancel your policy altogether. Has anyone had any experience with this? I'm currently with Progressive and plan on keeping my car, and due to a driving screw-up of mine, it would be difficult for me to get insurance somewhere else and Progressive has already raised my rats. (Currently paying $111 per month which hurts.) I really hope I don't have to worry about the effect my future BK will have on my insurance in addition to everything else.

BTW, the article is here: http://www.articleclick.com/Article/...urance/1181433

[StartingOver08]

I do not know how Progressive works. I have State Farm and they did not increase my insurance rate at all. I was discharged in Jan 2009 from my Ch 7. I did change a vehicle and my actual monthly payment dropped because the replacement vehicle was older and less expensive.

[Nicollette]

I do not know how Progressive works. I have State Farm and they did not increase my insurance rate at all. I was discharged in Jan 2009 from my Ch 7. I did change a vehicle and my actual monthly payment dropped because the replacement vehicle was older and less expensive.

I'm with State Farm also, and my rates didn't increase because of my BK, but they did increase just slightly for adding a licensed teen driver.

[Flamingo]

To the OP - this subject has been discussed extensively in this forum - have you done a search of your subject? Briefly, if your state allows insurance profiling, your rates on your car and homeowner's insurance policies can rise moreso than usual. If your state does not allow insurance profiling, the insurance company cannot raise your rates due to your filing BK or having bad credit. Contact your State DOI (Department of Insurance) to see whether or not your state allows the practice. If it does not and your rates rise and you can prove it is from your BK and nothing else, contact your Insurance Commissioner.