For free and impartial money advice and guidance, visit MoneyHelper, to help you make the most of your money.

Menu

Admiral Missed Payment – Here’s What To Do 2022

admiral missed payment

For free and impartial money advice and guidance, visit MoneyHelper, to help you make the most of your money.

You should deal with an Admiral missed payment as soon as possible. You’ll avoid further money troubles when you do. Car insurance is compulsory in the UK. Not having insurance can have serious consequences.

But it’s easy to miss an Admiral monthly payment when you’re busy or your circumstances change! In my article, I look at how Admiral handles missed payments. I also look at what you can do to rectify the problem when it happens. Read on to find out more!

Don’t worry, here’s what to do!

There are several debt solutions in the UK that can be used to improve your finances. Choosing the right way to tackle your debt could save you time and money, but the wrong one could cause even more harm

It’s always best to find out about all your options from a professional before you take action.

Fill out the 5 step form to get started. 

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-payment to Admiral Insurance

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.

Are you struggling with debt?

Affordable repayments

Reduce pressure from people you owe

Stop interest and charges from soaring

Get started

The consequences of a missed Admiral 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!

Admiral has the right to 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.

Don’t ignore an Admiral 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.

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).

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.

Important!

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

Feeling like Chandler?

how to debt

Is all this information starting to feel overwhelming? Don’t panic! There’s plenty of help available. You can get started below.

Fill out the short form

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!

Admiral 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 cover 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.

Thanks for taking the time to read through my article on missed Admiral payments. If you need any further information, or you need advice contact charitable organisations that offer debt support because the problem won’t go away!

Are you struggling with debt?

Affordable repayments

Reduce pressure from people you owe

Stop interest and charges from soaring

Get started

Share

×
Are you struggling with debt?
Are you struggling with debt?
  • Affordable repayments
  • Reduce pressure from people you owe money to
  • Stop interest and charges from soaring
Close