Compare Car insurance for Bankrupts, IVA and DRO

Compare 110+ providers & save up to £319*

Policies and deals from industry leading insurance providers, including

Compare cheap quotes for Bankrupts, Individual Voluntary Agreements (IVA) or Debt Relief Orders (DRO) providers

Having poor credit, bankruptcies and CCJ's can make getting car insurance from some providers more difficult. We have partnered with Quotezone who have a panel of specialist car insurance providers that specialise in providing car insurance to those of us with a chequered credit history. Some may request annual payment upfront, whilst others will still give you a monthly payment schedule.  This panel of insurance providers can provide cover for those with a previous bankruptcy, IVA or a DRO. The panel like us believe that your past shouldn’t have to be a guide to your future.


A guide to car insurance for those who have been declared bankrupt

The impact of being declared bankrupt can have implications when looking for bank accounts and in some case's insurance. The broker will view you as higher risk in for payment defaults. Insurance is still available, but some brokers may increase the premium to reflect the added risk, others will only accept full payment in advance. It is not a requirement to declare bankruptcy, but such an order can stay on your credit history for a period of 10 years.  

An IVA is a formal agreement between a debtor and their creditors. IVA stands for an Individual Voluntary Arrangement. After entering into an IVA the creditors can no longer pursue you for any outstanding debts, any outstanding debts become frozen, and further interest can be accumulated. The idea is that it will allow you to take stock and pay back your debt in a fashion that is affordable to you, letting you continue with your lifestyle without the stress of continual debt recovery harassment. The term is normally 5 or 6 years, at the end of which any unsecured loans are written off.

Having an IVA will not affect your existing car insurance policy. However, when it comes to renewal you may find that some brokers are reluctant to provide you with a monthly payment option, preferring an upfront payment. Given that you are on a tight budget, this is most likely not suitable. The good news is that some brokers will still allow monthly payments, but you must shop around for these brokers. The panel of Quotezone can provide you with car insurance on with monthly payment options so that you can continue with any repayment commitments.  

Monthly car insurance with an IVA is available with a some brokers on the Panel, spend time shopping around to find monthly car insurance with an IVA.

Get your quotes now

In financial woes and need a good deal on car insurance? Click here to get comparative quotes from insurance providers that specialise in providing cover to those that find themselves in financial difficulties

  • Flexible payment terms : If you have been declared bankrupt or entered into a repayment agreement, the last thing you need is to be asked for a lump sum payment for car insurance. The panel is able to provide you with a range of flexible payment plans,  helping you to continue with any existing payment plans. 
  • Compare Bankruptcy Car insurance easily: Having completed the easy quote form, you will receive multiple quotes for bankruptcy car insurance. Take time and compare the benefits and suitability and if you find one that  meets with your needs, simply select that policy.
  • Save time and money on bankruptcy car insurance :  Finding a good deal on any product requires some groundwork in comparing the many providers of the required service. Completing on easy from will give you instant access to a large panel of insurance brokers, all hoping to win you over as a customer

*51% of consumers could save £319.03 on their Car Insurance. The saving was calculated by comparing the cheapest price found with the average of the next five cheapest prices quoted by insurance providers on Seopa Ltd’s insurance comparison website. This is based on representative cost savings from March 2022 data. The savings you could achieve are dependent on your individual circumstances and how you selected your current insurance supplier.

Scroll to Top