Can I Buy Insurance for My Financed Car in the Second Year?

[DelKaylee]

A financed car's insurance can be purchased independently in the second year. Details are as follows: 1. Insurance guidelines for financed cars: Whether you can choose your own insurance in the second year depends on whether there was an agreement on insurance types when financing the car. If an agreement exists, you may be required to renew with a specified insurer or allowed to choose your own insurer, but must purchase the required coverage types. Without an agreement, you can freely select both the insurer and coverage types. 2. Considerations for car financing: Before purchasing a car on installment, inquire about second-year insurance arrangements in advance to estimate potential insurance costs.