Banks offer auto insurance too?

United States
February 3, 2011 4:42am CST
I just surprised to get all those solicitations from banks about auto insurance. Not only from those annoying phone calls, but also from advertisement letters on my mail box. The banks I have with advertise how great their auto insurance plan going to be, and how much they can reduce my premium, etc..... But still, I haven't seen any good review on that yet. Until then, I have to consider insure with them. On the second thought, I don't like to do all the business at the same within a same institution. Banking and auto insurance the same time? What do you think?
3 responses
@stephcjh (32327)
• United States
3 Feb 11
I have never heard of a bank offering auto insurance before. I am not sure I would trust them to give me a good deal or give me enough coverage for my needs either. I like to keep my banking and insurance separate.
@rosegardens (3043)
• United States
3 Feb 11
The bank has their own auto insurance, or are they affiliated with a company. My bank offers a deal with AAA for group membership, so my insurance is a pretty decent rate considering what it would be if I did not have the group membership.
@beamer88 (4267)
• Philippines
3 Feb 11
I'm not sure. This is common in my country. Our banks have different products that includes auto insurance. Well, actually, most of them have tie-ups with insurance companies, which usually are subsidiaries of the banks themselves. But I wouldn't mind conducting business with only one or two financial institutions. It save me time.