Can I change insurance companies after the car loan expires in one year?

Yes, the car loan insurance for next year can be changed to an insurance company. For the first year of car insurance, you usually buy it at the place where you buy a car, such as a 4S shop. You can choose your own insurance business in the second year. Vehicle insurance is a commercial insurance that is responsible for personal injury or property loss caused by natural disasters or accidents. Automobile insurance is a kind of property insurance. In the field of property insurance, automobile insurance is a relatively young type of insurance, which came into being and developed with the appearance and popularization of automobiles. At the same time, different from modern motor vehicle insurance, in the early stage of automobile insurance, automobile third party liability insurance was the main insurance, and it gradually extended to the risk of body collision loss.

1. Insurance with automobiles, trams, battery cars, motorcycles, tractors and other motor vehicles as the subject matter of insurance is a kind of insurance widely practiced in China. Vehicle insurance can be divided into commercial insurance and traffic compulsory insurance. Commercial insurance also includes vehicle main insurance and additional insurance. The main commercial insurance includes vehicle loss insurance, third party liability insurance, vehicle personnel liability insurance, vehicle theft rescue and so on. Motor vehicle loss insurance refers to the loss caused by natural disasters or accidents of the insured vehicles within the insurance scope, and the insurer shall compensate them according to the provisions of the insurance contract. It has no effect in essence. First of all, buying a car by loan is generally a one-time direct delivery of insurance corresponding to the loan term. Even if you change your insurance company halfway, it won't affect your deposit.

2. If there are no explicit terms in the contract, it can be ignored. If the risk deposit is not refunded, you can resort to law. If the dealer who bought the car at that time did not sign a special agreement, he could renew his insurance with other insurance companies. If there is an agreement, it should be renewed in the original insurance company. If there is no accident in the previous insurance period, you can enjoy the discount of reducing the premium in the new insurance period. Banks generally require you to buy insurance for a period equal to the period of your auto loan, but auto financing companies can buy loans once a year. When the insurance expires, they will remind you that the insurance you must buy during the loan period includes: vehicle loss insurance, third party liability insurance and theft insurance. The first beneficiary must be a bank or an auto financing company. Generally, you are free to choose the insurance company you trust, usually the insurance company of several cooperative banks or the auto financing company.