Getting Car Insurance When You’ve Been Declared Bankrupt

If you have been declared bankrupt then you’re probably already aware that it can greatly impact your ability to find car insurance at a reasonable rate. Insurance providers make decisions based upon risk and people who have been declared bankrupt are considered higher risk.

If you’ve been declared bankrupt in the past or you intend to apply for bankruptcy soon then the good news is that finding car insurance at an affordable price is not as hard as it seems. There are specialist providers of convicted drivers insurance who can offer you a fair policy based on your circumstances.

Where to find cover

Sites such as Conviction Insure make it easy for you to get quotes from specialist providers of convicted drivers insurance.

Reasons to get your cover online include –

  • Easily tailor your policy – One of the major benefits of getting your insurance online rather than over the phone is that you’re able to take the time to think about what type of policy you want and easily tailor it accordingly. This way you can ensure that you get the right policy for your needs.
  • Get quotes easily – Another big benefit of getting convicted drivers insurance online is that it makes it very easy to get quotes from different insurance providers. Getting a lot of quotes is one of the best ways to save money on convicted drivers insurance so this is a very compelling reason to get your cover online.

Ways to save money

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  • Limit your cover options – One of the easiest ways to keep the cost of your insurance down is to limit the cover options on your policy. The cheapest type of policy you can get is third party only. Although this is very bare bones and doesn’t provide any real protection for your own vehicle, it does make your car road legal. 
  • Have somewhere secure to park – Parking your car in a driveway or garage will always make it cheaper to get insurance than if it were parked on the street. This is simply because cars parked on the street are much more likely to be targeted by thieves and vandals.
  • Consider paying upfront – Most people don’t consider this option since it does mean paying a big sum at once. However doing this will enable you to make quite a significant saving with the majority of insurance providers.