Admiral Missed Payment - Here's What To Do

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Understanding the steps to take after missing an Admiral car finance payment can be tricky. But don’t worry; this guide is here to help.

Each month, over 170,000 people visit our website seeking advice on debt solutions; you’re not alone.

In this easy-to-read article, we’ll talk about:

What to do when you miss a payment
How Admiral deals with missed payments
The consequences of a missed payment
How to avoid missing future payments
Contacting Admiral Insurance

We know that it’s a big worry if you can’t make your car finance payments; the thought of losing your car is scary. StepChange stresses the need for professional debt advice, noting that 60% of adults in financial trouble hesitate to seek help.¹

We’re here to help you know what your options are and to find a way forward. Let’s start learning how to handle a missed Admiral payment.

How Admiral deals with missed insurance payments

Admiral may cancel your insurance policy for several reasons. One of which is that you failed to keep up with premium payments. Before they cancel a policy, Admiral support will contact you to tell you their intentions.

My advice? Never ignore any correspondence from the provider. To remain calm and contact Admiral support to sort things out before anything else happens.

What happens for non-payments

You can pay the premium monthly when you take out an Admiral insurance policy for your vehicle. This is because you effectively enter into an agreement with the provider. In short, you’re committed to settling the monthly payments on time under your contract.

In short, the consequences of non-payment to Admiral can be devastating to your credit score, especially if you miss multiple payments, but I go into this later.

The consequences of a missed insurance payment

Admiral can cancel your policy when you fail to keep up with the instalments. But before they do, their support team gets in touch with you. So you’re given a chance to catch up with any Admiral missed payments before things get out of control.

Also, when you pay by direct debit and you don’t have enough money in the account, tell Admiral. Contact your bank because if Admiral tries several times to get paid, your bank might charge you too!

If you do miss an insurance payment with Admiral, it can affect your ability to renew with them in the future. Not only that, other insurance companies can pick this up on your credit report and may not insure you either!

Can they cancel your car insurance policy for non-payment

Admiral has the right to cancel your insurance for non-payment. However, before this happens, get in touch with Admiral support. Tell them about your problem because they could set up a payment arrangement for you. One that is more manageable and which you can afford to pay.

It’s very likely that Admiral will get in touch with you before cancelling your insurance. This is why it’s important not to ignore their calls, letters or emails as this could save your insurance from being cancelled altogether!

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Don’t ignore a missed payment

If you ignore a missed car insurance payment, the consequences could be far-reaching. First, you may incur a late or failed payment fee. In a worst-case scenario, you could pay a lot more administration fees.

When Admiral cancels your policy, it means:

Your car is no longer insured – which is compulsory in the UK

You are not insured to drive either!

A missed car insurance payment goes on your credit report. It can stay there for up to 6 years and affect your credit rating. It means you’ll have trouble borrowing money, getting a mortgage or credit card.

Driving without insurance can also lead to driving convictions, which can and will cost you more money in the long run if you’re caught!

It’s always better to communicate with the support team before things go too far. Then, you won’t have the hassle of dealing with debt collectors or going to court over a missed payment.

Admiral late payment penalties

You’ll have to pay late fees when you don’t pay on time! The amounts can soon get out of control because Admiral charges the following:

Missed payment fee of £12 for every Admiral missed payment
Debt collection referral £45

Then, of course, if you’re taken to court because you defaulted on an Admiral payment. This would involve court costs and other related fees. You could end up with a County Court Judgement (CCJ). This can negatively affect your credit rating and your ability to lend in the future.

My advice is to pay what you owe after establishing that you have an outstanding with the provider. The sooner you propose a realistic payment plan, the sooner the problem goes away.

When Admiral cancels your insurance policy, don’t drive because it’s against the law!

Preventing missed payments

You may have landed here because you have missed a few payments and are wondering how you can prevent missing payments to Admiral, or any other creditor for that matter. Here are some tips on how to prevent missed payments in the first place:

Set up an automatic payment via direct debit
Create reminders to pay your insurance
Get friends and family involved to check in on your financial status. It might be a little awkward, but I’ve found that being open and honest about financial troubles with those you love can help get back into healthy financial habits.

Remember, prevention is better than the cure when it comes to avoiding missed payments with Admiral.

How a debt solution could help

Some debt solutions can:

Stop nasty calls from creditors
Freeze interest and charges
Reduce your monthly payments

A few debt solutions can even result in writing off some of your debt.

Here’s an example:

Situation

Monthly income	£2,504
Monthly expenses	£2,345
Total debt	£32,049

Monthly debt repayments

Before	£587
After	£158

£429 reduction in monthly payments

If you want to learn what debt solutions are available to you, click the button below to get started.

Get started

What to do when a debt collector contacts you because of a missed Admiral payment?

Admiral insurance can chase you for the money you owe on your policy. When you don’t respond, details are sent to a debt collection agency. If you can’t pay and you don’t get in touch with the Admiral support team, you can expect a letter from a debt collection agency. This could be from Eui Ltd, a debt collection company that serves Admiral Insurance!

My advice? Try to avoid this happening by staying in touch with Admiral support. Try your best to keep up with monthly instalments. Speak to Admiral and set up a more suitable due date or an affordable payment plan. They should oblige because it’s in their interest to do so!

There are plenty of debt solutions available if you find yourself in debt with Admiral – or any other kind of debt for that matter!

Missed payments and cancelled policies

As mentioned, Admiral has the right to cancel your policy for non-payment. But, it could affect your ability to get car insurance coverage in the future. My advice? If you’ve had a policy cancelled, be upfront about it with future insurance providers!

You may find your premiums go up a lot though! But by law, it is your duty to be honest about the information you give to an insurance provider. An insurance company won’t provide you with cover when you aren’t transparent.

Can I get free help and advice if I’m struggling to pay

There is free advice and help when you struggle with finances. I always recommend that you speak to an independent debt adviser. You can also get support and guidance from other agencies, which include:

I recommend you get as much support and advice as possible. Don’t try to cope on your own. When you fall behind with an Admiral car insurance instalment, ask for help from any of the debt charities above. Learning about the debt solutions available out there can also help improve this situation. Please take a look at the table below for more information.

Debt Solution	Description	Formality	Debt Type	Debt Range	Legally Binding	Impact on Credit Score	Asset Risk	Monthly Payment	Duration	Creditor Agreement Required
Debt Management Plan (DMP)	Agreement to pay back non-priority debts in one monthly payment.	Informal	Non-priority debts	Any amount	No	Yes	No	Varies	Varies (until debt is paid)	No (but creditors must be informed)
Individual Voluntary Arrangement (IVA)	Agreement to pay back all or part of your debts over a set period.	Formal	All or part of debts	Usually over £10,000	Yes	Yes	Possible	Fixed	Fixed period, usually 5-6 years	Yes (75% by debt value must agree)
Debt Relief Order (DRO)	Freezes debt for a year and be potentially written off.	Formal	Non-priority debts	<£20,000 debt	Yes	Yes	No	None during freeze	12 months	No (court approval needed)
Bankruptcy	Legal status for those who cannot repay debts, potentially writes off debts.	Formal	Unmanageable debts	Any amount, typically high debt	Yes	Yes	High	None during bankruptcy	Usually 12 months, then discharge	No (court process)
Consolidation Loan	Taking out a new loan to pay off all existing debts.	–	Multiple debts	Based on loan amount	Varies	Yes	Depends on loan type	Fixed	Depends on loan terms	No
Payment Holiday	Temporary relief or reduced payments offered by creditors.	–	short-term financial difficulties	Any	No	Yes	Low	Reduced or paused payments	Break of up to 6 or 12 months, depending on circumstances, payment history, and creditor’s policy.	No
Informal Negotiation	Direct negotiation with creditors for reduced payments or extended terms.	–	All debts	Any	No	Possible	No	Negotiable	Until agreement terms are met	No
Statutory Debt Repayment Plan (SDRP)	Plan to repay debts over a reasonable time, with protections from creditor action.	Formal	All debts	Varies	Yes	Yes	No	Fixed	Varies, based on ability to pay	Yes
Equity Release	Homeowners release equity from their home to pay off debts.	–	Debts of homeowners, typically older individuals aged 55+	Varies and depends on property value	Yes	Yes	Asset (home) is used as collateral	Varies	8-10 weeks timeframe from application to fund disbursement. Lifetime; repaid on house sale/death.	No