Whether it is a bank loan to buy a car, an auto financing company loan, or a credit card installment, the insurance company they cooperate with has already decided when buying a car, such as an auto financing company loan, and even the contract does not stipulate all types of insurance. You just need to pay in time at the 4S shop.

If you borrow money from the bank to buy a car, you can change insurance companies. However, paying the fee to the new insurance company will make you show your insurance policy for the previous year, so these documents need to be kept well. The car bought by credit card installment loan is fully guaranteed for the first year, and you can choose according to your own needs in the future.

2. What are the rules for car loan insurance?

Whether it is a bank loan to buy a car, an auto financing company loan, or a credit card installment, the insurance company they cooperate with has already decided when buying a car, such as an auto financing company loan, and even the contract does not stipulate all types of insurance. You just need to pay in time at the 4S shop. If you borrow money from the bank to buy a car, you can change insurance companies. However, paying the fee to the new insurance company will make you show your insurance policy for the previous year, so these documents need to be kept well. The car bought by credit card installment loan is fully guaranteed for the first year, and you can choose according to your own needs in the future.

3. What does it mean to be the first beneficiary of loan auto insurance?

Buying a car by mortgage generally stipulates that the first beneficiary of insurance is a bank or financial company: 1. Because the property right of the loan vehicle is that the borrower fails to repay the loan as agreed, the bank or financial company has the right to dispose of the vehicle; 2. Due to the special side system of the car, it is inevitable that large and small accidents will occur during driving. In order to prevent the following problems, banks or financial companies require the first beneficiary of insurance to be banks; The car was mortgaged to the bank with a loan of 200,000 yuan. As a result, the car crashed and the insurance company paid 1.7 million yuan. If the first beneficiary is not the bank, but the lender, if the lender repays the loan, the bank will finally enforce the scrapped car with the residual value of the mortgage. In this way, the bank lost 6.5438+0.7 million; 4. So the first beneficiary of loan auto insurance is the bank or financial company, just to prevent this phenomenon, the value of collateral is not worth the loan amount.

Fourth, how to borrow money to buy car insurance?

Car insurance required for loan to buy a car:

1, compulsory insurance. This is an insurance product that must be purchased according to national regulations. As long as the borrower buys a car, he has to buy compulsory insurance, which is not negotiable.

2. Third liability insurance. In terms of compensation, the amount of compulsory insurance is low. If the borrower buys the third liability insurance, the amount of compensation after the accident will be relatively high.

3. The whole vehicle was stolen and rescued. After buying a new car, it must be as painful as being a baby, especially a good car. Of course, I am afraid of being stolen and robbed. At this time, you need to buy a whole car anti-theft emergency. With this insurance, borrowers don't have to worry about the new car being stolen and robbed.

4. Vehicle loss insurance. This is one of the most common types of new car purchases. If the car is scratched in future use, you can apply for compensation to reduce the loss of the borrower on the way.

5, excluding deductible insurance.

Process of loan to buy a car and auto insurance:

In practice, lenders are required to take out vehicle loss insurance, vehicle theft insurance, auto-ignition insurance, compulsory insurance and third-party liability insurance when purchasing vehicles, in order to prevent the risks of the vehicles themselves. If the vehicle is stolen, the insurance company can pay the corresponding amount to the owner to repay the loan.

Under normal circumstances, the way consumers choose to apply for a car loan is different from that of the insurance company they are looking for, and some also require an increase in deductible insurance.

These insurances, the insurance period must be at least the same as the loan period, and a one-time payment is required.