Can I find car insurance quotes despite debts??
If debts have accumulated, the question arises as to the amount of the liabilities and the type of debt. A current real estate loan that is always serviced on time probably does not in itself have a negative impact on the conclusion of a car insurance policy.
Naturally, a car insurer wants to assess and minimize the risk before signing a contract. So it depends on how the overall creditworthiness of a person is assessed. this assessment is usually made by a schufa query.
Creditworthiness, or credit standing, is represented by a score. The scale ranges from 0 to 100 points. The higher a consumer’s score, the more likely he or she is to take out car insurance.
Even if debt collection proceedings have been initiated against you, a reminder notice has been applied for, or you have been the subject of an unsuccessful attachment, you will still be able to find offers for motor vehicle insurance cover for your car via CHECK24.
You will receive a motor vehicle liability insurance even if you are in debt. The insurance companies in Germany are obliged to do this by the so-called contracting obligation. There are only a few exceptions to this rule.
However, the acceptance obligation is limited to the minimum conditions defined by the legislator for motor vehicle liability protection. However, it is at the discretion of the company to provide insurance benefits in excess of this amount.
car insurance in the case of private insolvency: what applies here??
If you are no longer able to meet your financial obligations, you can file for personal insolvency. In principle, a company’s own car is also part of the insolvency estate and must be sold in order to satisfy creditors’ claims.
If the car is absolutely necessary for the exercise of the profession, the debtor may keep it. In principle, persons may also purchase vehicles from their exempt income during the insolvency period and insure them in their own name. An alternative is to have a family member or acquaintance act as the car’s keeper and policyholder.
In the event of insolvency and a sworn affidavit (oath of disclosure), the number of motor insurance rates that can be taken out is reduced. In addition, many car insurers attach certain conditions to the car insurance contract in such constellations. These are for example:
- Payment in advance (bank transfer, paypal or immediate bank transfer)
- Annual premium payment
- No risk drivers (novice drivers)
- Only basic benefits of motor vehicle liability, no partial or fully comprehensive insurance
Can I take out car insurance with debts and insolvency?
Conclusion: You can also take out car insurance via CHECK24 if you have debts or are currently insolvent. With several hundred car insurance rates, there is sure to be a suitable offer for you as well.
Once you have decided on an offer, your creditworthiness will be checked during your application. If the insurance company does not accept the contract, we will immediately look for alternative rates that can be concluded for you. Then it’s a case of reapplying and being well insured immediately.