No, according to my love card official website, the bank will not force car owners to buy all insurance. In addition to compulsory insurance, some banks require car damage insurance, theft insurance, third party liability insurance and personal accident insurance, while additional insurance banks such as glass insurance and scratch insurance will not be compulsory. It is incorrect for car dealers to ask consumers to buy full insurance. For a family car, it is enough to buy four basic special clauses with no odds. Therefore, it is not necessary to borrow money to buy car insurance.