Will my car insurance go up after I file Bancrupty?

[mamaluv]

I was thinking about switching auto insurance (before I filed BK), to reduce my payments. I went in to a couple of places and they wanted to pull my credit report...and I live in Calif. Needless to say, I'm sticking with my current insurance (Allstate) and hope it doesn't go up at renewal time

I'm hoping mine doesn't either. I received my renewal statement the day before I filed BK but we'll see in 6 months when it's renewed again. I did some online quotes and they were pretty much the same or a few bucks cheaper than what I'm paying with Mercury so it's not worth the hassle of changing. Plus I've had a good experience with them.

[liz417]

yes, depending on what state you are in, Florida allows profiling, while California does not. while i lived in florida my homeowners policy doubled. and car insurance was higher than in calif.

I was thinking about switching auto insurance (before I filed BK), to reduce my payments. I went in to a couple of places and they wanted to pull my credit report...and I live in Calif. Needless to say, I'm sticking with my current insurance (Allstate) and hope it doesn't go up at renewal time

[Bandit]

Not everyone is irresponsible with or abuses credit cards and not everyone has a bad habit with them. Maybe it is because they did not owe that person/company any money thus it makes no sense to list it and it also really makes no sense to cancel someone who does not owe you money. Then again, there are a host of things in this world of human so called justice that make no sense. I did not list or even mention any cards with a zero balance and there was no problem with doing that.

Yes, my car insurance in fact did increase by about 10%.

[justplaintired]

We included all whether they had balances or not. Since it is common practice for cards to up your rate for whatever reason they feel like, it seems even if you have a cc with no balance, chances the cc company will allow you to keep it are slim. They are closing people's accts who have no black marks, imagine what chance a person in BK has to a cc.

You know something puzzles me, why would someone in BK be worried about a cc? I know, maybe it's the habit isn't broke yet. Maybe I am being harsh, but if your debt is mostly cc debt, best thing is to cut up all plastic whether they will let you keep it or not. Learn to live within your means, it's a hard lesson, but very rewarding. Personally for us, I never ever want to walk down this road again, I am getting to old for all this and honestly, living within our means isn't so bad. I am proud that we have lived for the last 1 1/2 yrs with no new debt, nothing.

[Flamingo]

Oh , i didn't know that I have to include all credit cards in bankruptcy , my lawyer told me I can list only the ones affected . how about my checking plus in my checking account ? He told me not to worry about my checking account .

He told me to list those cards that will be included in the bankruptcy only. Now some of you saying to include all and I am a bit confused , by the way,my lawyer hasn't filed yet? I am still waiting , waiting , waiting!!!!!

All cards having balances must be listed and reported. If you have a card with a zero balance at the time of filing, ask the attorney whether or not the trustee will want that information. We had to supply the information on the two cards we had that had a zero balance at the time of filing and the attorney eventually told us those were our cards and if they survive the BK and stay open, they were ours to keep open. List all debt and ask your attorney specifically about any credit card you have with a zero balance - whether or not the trustee will want that information. In all likelihood, he/she probably won't need or require it.

[LuciluS]

Oh , i didn't know that I have to include all credit cards in bankruptcy , my lawyer told me I can list only the ones affected . how about my checking plus in my checking account ? He told me not to worry about my checking account .

He told me to list those cards that will be included in the bankruptcy only. Now some of you saying to include all and I am a bit confused , by the way,my lawyer hasn't filed yet? I am still waiting , waiting , waiting!!!!!

Hope you have credit bureau reports as they list open accounts with zero balances. You need to make a list of those and let your Attorney know before he files your petition.

You are required to list All debts owed at time of filing bankruptcy. That includes any medical bills due. You may pay those medical bills after your BK is closed.

[ando]

Oh , i didn't know that I have to include all credit cards in bankruptcy , my lawyer told me I can list only the ones affected . how about my checking plus in my checking account ? He told me not to worry about my checking account .

He told me to list those cards that will be included in the bankruptcy only. Now some of you saying to include all and I am a bit confused , by the way,my lawyer hasn't filed yet? I am still waiting , waiting , waiting!!!!!

[gowiththeflo]

does new york credit profile?

[BigJohn]

My insurance company gives me a 35% break for being "credit worthy".

[anime-chicka]

thank you ,

yes you are right about credit cards , but I have this J.C Penny card that I use but pay the whole balance at the end of each month making small purchases. I wonder if it will be affected!!

As for car insurance , yes excellent driving record , but I think I remember they did ask if have I ever filed bankruptcy on the renewal application.

You cannot pick and choose what will and won't be including in the bankruptcy. I had about three store cards that didn't have any balances. I included them anyway. All were closed. It doesn't matter really since I tended only to shop about every 6-8 months with them when I needed to replace clothing.

As for car insurance, mine did go up a little, but that was more due to having to get a new car rather than the bankruptcy itself. Before I had to replace my car, it had not gone up (I have AAA).

Hope this helps.

[sophia]

My insurance renewal was due 6 weeks after filing Ch. 7.

My rates went up close to $1000 & my down payment was 2x's more than they normally ask for. I used to carry full coverage but had to drop
uninsured motorist since it's cost was a little over the amount my insurance went up.

I paid no bills starting in February & filed Ch. 7 end of April, have some 60-90 day lates and filed for Ch. 7 on Credit report at time of auto insurance renewal.

Hope this helps.

[justplaintired]

When our credit score starting sinking I worried about insurance, so far so good. We have filed and got our statement and nothing went up. However our home owners did appear to rise slightly ($40) a year.

We kept no cc. We want no cc. At first we thought we'd keep a home improvement cc. We have lived successfully with no cc for 1 1/2 yrs. It's great, I love it!!

We have swore off plastic, if we can't pay cash, we don't need it.

[junker]

yes, depending on what state you are in, Florida allows profiling, while California does not. while i lived in florida my homeowners policy doubled. and car insurance was higher than in calif.

[jribe]

thank you ,

yes you are right about credit cards , but I have this J.C Penny card that I use but pay the whole balance at the end of each month making small purchases. I wonder if it will be affected!!

As for car insurance , yes excellent driving record , but I think I remember they did ask if have I ever filed bankruptcy on the renewal application.

all accounts must be included in your BK- your JC Penny card is no exeption. It's still a credit card; even though it's only for that store.. I wouldn't expect to get a new one right away.

[Flamingo]

Do a search in this forum on insurance credit profiling. If your state allows the practice, you can expect to see your rates rise due to your BK if you have not been with your company for a while or go to a new company and your credit is checked. If your state does not allow the practice and your present company raises your rates and you believe it is due to your credit/BK, contact your State Department of Insurance. The way to find out if your state allows the practice is to call your State DOI information line directly or look up your states website for the DOI section and see what is published.