Banky team Reviewed editorial answerChoosing an insurance company depends on the financing agreement and the bank's list of approved companies, if available.
Key points
If you have more than one option, don't just look at the price: compare coverage, deductible, whether repairs are done at the dealership or elsewhere, exclusions, claims service, and inspection speed.
If the bank mandates a specific company, ask if there are any approved alternatives before signing.
The figures, fees and limits in this answer vary by bank and change over time — confirm them with your bank or the official source before acting.