Car insurance companies offer alternative to big banks
It’s not news that some people are upset about the bank bailouts, especially in light of many recipients of bailout funds charging customers extra fees for debit card purchases. But there is another option, and it’s not even a new one.
State Farm—the insurance giant that offers a host of policies across auto, home, and life insurance—also offers banking, and it has for over 10 years.
Not only can you get cheap car insurance from State Farm, but you can get free checking accounts, free debit cards, ATM rebates, and mobile banking.
Nationwide also offers banking to customers. It operates with low costs because everything is done online. Nationwide Bank has been at it for about 4 years, offering most of the amenities that larger banks do, with the added bonus of home loans, life insurance, and car insurance policies.
So if you trust your car insurance company more than your bank, you have an option.