Insurance companies vary and you will likely have to shop around to find the coverage you need. Your insurance premiums will likely be higher than those without a bankruptcy on their record or those with better credit reports.
Insurance rates are not purely calculated based on credit history. There are other rating factors such as where you live, the type of car, driving record, etc. The goal of getting this information is to correlate the insurance premium rate as closely as possible with the actual cost of potential claims.
If you would like to comparison shop now and see if you can find a lower auto insurance rate you can do that here. If you have difficulty in your state finding an auto insurance company to provide you coverage with a bankruptcy on your record, then contact your state’s insurance regulator for help obtaining the car insurance you need for your vehicle.
— Michelle Megna contributed to this story.
Ask the Insurance Expert
Laura Longero
Executive Editor
Laura is an award-winning editor with experience in content and communications covering auto insurance and personal finance. She has written for several media outlets, including the USA Today Network. She most recently worked in the public sector for the Nevada Department of Transportation.
Ask the Insurance Expert
John McCormick
Editorial Director
John is the editorial director for CarInsurance.com, Insurance.com and Insure.com. Before joining QuinStreet, John was a deputy editor at The Wall Street Journal and had been an editor and reporter at a number of other media outlets where he covered insurance, personal finance, and technology.
Ask the Insurance Expert
Leslie Kasperowicz
Managing Editor
Leslie Kasperowicz is an insurance educator and content creation professional with nearly two decades of experience first directly in the insurance industry at Farmers Insurance and then as a writer, researcher, and educator for insurance shoppers writing for sites like ExpertInsuranceReviews.com and InsuranceHotline.com and managing content, now at CarInsurance.com.
Ask the Insurance Expert
Nupur Gambhir
Managing Editor
Nupur Gambhir is a content editor and licensed life, health, and disability insurance expert. She has extensive experience bringing brands to life and has built award-nominated campaigns for travel and tech. Her insurance expertise has been featured in Bloomberg News, Forbes Advisor, CNET, Fortune, Slate, Real Simple, Lifehacker, The Financial Gym, and the end-of-life planning service.
