Does filing for Ch 13 affect homeowners or car insurance rates?

[jhy12]

Just something I'm wondering as I'm planning our budget. Should we expect them to increase due us filing bk?

[BNKRPTinNC]

It didn't effect mine.

[justbroke]

It didn't effect mine either. However, I did try to shop for new rates -- from a different insurer -- and did notice that the rates were a little higher. Just stay with your current insurer for your home and car(s).

[papie]

It didn't effect mine either. However, I did try to shop for new rates -- from a different insurer -- and did notice that the rates were a little higher. Just stay with your current insurer for your home and car(s).

This is my experience also. I believe insurance companies that check credit do it before you initially open any policies with them. We rate shopped after we filed and all of the quotes were a bit higher. So if you don't like your insurance carrier- I'd advise finding a new one before you file.

[sophieanne]

I agree with Papie...mine did not increase at all during my plan but looking around during was not a good idea...estimates to change were higher.