This HACK Will Get You CHEAP Insurance On ANY Car!
Summary
TLDRIn this video, the host shares tips on how to significantly reduce car insurance costs. Using comparison sites like Compare the Market, the video provides strategies such as accurately defining the car's usage, estimating annual mileage, and considering where the car is parked. It also suggests experimenting with different numbers of additional drivers and selecting specific start dates for the insurance to find the best rates. The goal is to help viewers cut their insurance costs, potentially by half. The host encourages viewers to try these methods and share their results.
Takeaways
- 🚗 Car insurance can be extremely expensive, especially for new drivers.
- 🔍 To find cheaper insurance, start by using comparison sites like Compare the Market or Confused.com.
- 🏠 Where you keep your car at night significantly affects insurance costs; a locked garage is the cheapest option.
- 🚦 Honesty is key when inputting information about car usage and mileage; this can affect the insurance premium.
- 📍 Insurance prices are heavily influenced by the driver's postcode, which can't be changed.
- 👥 Adding additional drivers with long driving experience can potentially lower the insurance cost.
- 📅 Adjusting the start date of the insurance policy to seven days from now can sometimes reduce the cost.
- 💰 Setting a higher voluntary excess can lower the premium, but it means you'll pay more if you make a claim.
- 📝 For new drivers, there are no no-claims discounts, but experienced drivers should declare them if applicable.
- 🚫 Avoiding additional layers of insurance for now can help in getting a lower initial quote.
- 📊 Experiment with different numbers of additional drivers to find the combination that yields the lowest quote.
Q & A
What is the main topic of the video?
-The main topic of the video is about getting cheaper car insurance, especially for new drivers.
Why is car insurance considered a scam for new drivers in some areas?
-Car insurance is considered a scam for new drivers in some areas because it is extremely difficult and expensive to obtain, with prices reaching thousands of pounds.
What was the original insurance cost for the presenter's BMW M4?
-The original insurance cost for the presenter's BMW M4 was 2,300 Great British pounds for a year.
How much did the presenter manage to reduce the insurance cost to?
-The presenter managed to reduce the insurance cost to 1,100 pounds.
Which comparison site does the presenter recommend using?
-The presenter recommends using 'Compare the Market' for comparing insurance quotes.
Why does the presenter suggest being honest about the car's usage?
-The presenter suggests being honest about the car's usage because insurance companies may be able to tell from a black box if the car is used for commuting to work, and honesty can affect the insurance quote.
What is the recommended mileage for a new driver's first year of insurance?
-The recommended mileage for a new driver's first year of insurance is about 7,500 miles.
Why is the place where you keep your car at night important for insurance purposes?
-The place where you keep your car at night is important because it affects the risk of theft or damage, with a locked garage being the safest and cheapest option for insurance.
How does the presenter suggest dealing with high insurance costs due to postcode?
-The presenter acknowledges that there's not much that can be done about high insurance costs due to postcode, as it's based on the risk assessment by insurance companies.
What are the three different methods the presenter suggests for adding additional drivers to potentially lower the insurance quote?
-The three methods suggested are: having two additional drivers with 20 years of driving experience, having only one additional driver, and having no additional drivers at all.
What is the 'weirdly most important part' of the insurance quote according to the presenter?
-The 'weirdly most important part' of the insurance quote, according to the presenter, is the start date of the insurance; delaying the start by about seven days can significantly lower the insurance cost.
Outlines
🚗 Reducing Car Insurance Costs
The video aims to help viewers find cheaper car insurance, highlighting the difficulty new drivers face in obtaining affordable coverage. The speaker shares personal experience of reducing insurance costs from £2,300 to £1,100 and introduces the first step: choosing a comparison site, recommending 'Compare the Market' over 'Confused.com' due to the latter's perceived complexity. The video then guides viewers on how to input car details, emphasizing honesty in usage and mileage to ensure accurate quotes. It also stresses the importance of where the car is kept overnight for cost-effectiveness, suggesting a locked garage for the lowest rates.
🔑 Strategies for Lowering Insurance Quotes
This paragraph delves into strategies to lower insurance costs, starting with the impact of additional drivers on quotes. The speaker suggests trying different numbers of additional drivers, such as two, one, or none, to see which yields the lowest quote. The video also touches on the importance of the insurance start date, noting that setting it to seven days from the application can significantly reduce costs. The speaker advises on the selection of comprehensive coverage and making an annual payment to view the initial quote, then switching to monthly if preferred. Lastly, the video encourages viewers to input any no-claims bonuses and to avoid additional layers of coverage until necessary, concluding with a prompt to share their quotes and results from applying the discussed strategies.
Mindmap
Keywords
💡Insurance
💡New Driver
💡Comparison Site
💡Car Registration
💡Social Domestic Pleasure
💡Miles
💡Locked Garage
💡Postcode
💡Additional Drivers
💡No Claims Bonus
💡Comprehensive Insurance
Highlights
Insurance can be extremely expensive for new drivers, often costing thousands of pounds.
Using comparison sites like Compare the Market or Confused.com can help find cheaper insurance.
It's important to be honest about your car usage when applying for insurance.
Estimate your annual mileage at around 7500 miles for your first year to avoid overpaying.
Where you keep your car at night significantly impacts your insurance cost; a locked garage is the cheapest option.
The cost of your insurance is partly determined by your postcode, which reflects the risk level of your area.
Adding additional drivers with long driving experience (20 years or more) can lower your insurance premium.
Sometimes having only one additional driver or no additional drivers at all can be cheaper.
Choosing comprehensive coverage and paying annually can reduce your insurance quote.
Starting your insurance policy about seven days from the current date can lower your quote.
Setting a voluntary excess of around £250 can also help reduce your insurance cost.
If you have any no-claims bonus, make sure to include it in your application for further discounts.
Test different configurations of additional drivers to find the cheapest quote.
Review and compare quotes to find the most affordable option that meets your needs.
Engaging with viewers, the host encourages them to share their own experiences and results in the comments.
Transcripts
hi guys welcome to another video of TV
and today we're gonna be talking about
how we can get you cheaper insurance on
your car so we all know insurance is the
biggest scam for any new driver in some
areas of the country it's so hard to get
in short it's almost impossible it's
like thousands and thousands of pounds
so that's why today I'm going to be
showing you guys how to get cheaper
insurance and hopefully at least half
the price of the quote you're getting if
you're like me you've passed your test
straight away first thing you did you
got home and you looked how much the
insurance is going to be on your car
that you've been a learner on or on a
car that you're looking at buying you
found out how ridiculous Insurance
prices are I was looking at two thousand
three hundred Great British pounds to
get your order my car for a year this is
way too much money to be spending on a
[ __ ] brand new BMW M4 let alone a 1.4
liter 75 horsepower cool sir it's
ridiculous so that's why I'm here to
show you guys how I got my insurance
from 2 300 pounds to 1 100 pounds
so step one you've got to figure out
what comparison site you're going to use
I'm going to be using uh compare the
market on the little meerkats but
confused.com is good as well but the
only reason I don't use it is because
like I don't know I thought the
website's too confusing so I don't use
it but use what you want we're using
compare the market in this tutorial
step two is your car by now you should
have already put in the registration of
the car you're wondering sure or you're
hoping to ensure so in this tutorial
we're only going to go through the
settings that actually matter so I'm
gonna if we if you see us ignore some
then that is just because they don't
matter so be honest well we're gonna be
honest anyway but be very honest so what
do you use your car for so so the first
one is uh social domestic pleasure so
that's basically normal day use but not
going to work in the car the other one
is social domestic pleasure and
commuting that is every that is exactly
what the last one was and you get to go
to work and the last one is everything
but you also use your car for work so if
it was a van or something so best way to
do it is to be completely honest and if
you're gonna use it to go to work say
you're going to use it to go to work it
doesn't really matter but if you have a
black box they'll be able to tell like
you go to this exact place every morning
or something so they'll figure it out so
just be honest so the next one is how
many miles to put to put on your
insurance so
I'd say about 7500 for your first year
and then kind of Judge it from there so
reason reasons only 7 500 is because
it's it's like a good amount of Miles
next year your insurance comes in and
you want to renew it you could like see
how many miles you did this last year
and adjust it from there if you know
what I mean but for now give yourself a
good amount of Miles about 7 500 will
though where you keep your car in the
day doesn't really matter but where you
keep your car at night is very very
important so listen in lock garage is
the cheapest one if you've got a locked
garage whack your car in there so you
could achieve this go if you don't have
a garage uh you can put your car in a
driveway that's the second cheapest and
the last one is like a street away from
home that is just the more most
expensive one on there you can press
more options and stuff like that but the
more options is is very similar to the
drive and all that basically be honest
on this one but try and do your best to
put it in a garage or try and do your
best to put it on a drive you know give
parents call off the drive and put yours
on there if you have to just you know
get it cheaper as much as you can
so the next part is actually the
simplest part just this entire section
just be completely honest because
there's no way you can really lie but
unfortunately the one we can't do
anything about it it's gonna be the
place where it's most expensive and can
vary from pretty much everyone so your
insurance Price is judged on your
postcode and unfortunately it's just how
it is uh from like more high risk areas
said by the insurance
it's a shame that you just can't do
anything about it but you can't I mean
yeah I mean I don't know what you'd do
if you can figure out something else to
do then you know give it a go but I
don't know what you could do about that
I bought for a move house if you you're
interested in doing that to lower your
insurance but that might cost you a bit
more money than just your insurance now
for the additional drivers part this is
where it gets a little bit interesting
so here you could really change your
insurance quote so I'm going to give you
free methods here
these vary for all different people so
try all three and see what you get
so the first one the first thing to try
is having two additional drivers along
with yourself so that could be your mom
your dad if you don't if you can't use
your parents just anyone who's had their
license for like a 20-ish years could be
grandparents literally anywhere it
doesn't matter who who they are to you
all that matters
is that they've had their license for 20
around 20 years so it's nice and cheap
the second method to try is only having
one additional driver I don't know why
but sometimes this should makes it
cheaper so just give it a go see if you
can get and see see if only ever One
driver gives you a cheaper quote
sometimes it does the third thing to try
is just yourself strangely this
sometimes makes it cheaper so you might
as well just give all three a go and see
your cheapest quote that's what I'd do
step four so this is what you're gonna
do this bit you're gonna go I'm gonna
say exactly what you put and you're
gonna go down in order so so yes
comprehensive one annual payment and
this is uh just to see what the quote
will be and then you can choose if you
want it monthly after it doesn't matter
but we just want to see what the quote
gonna be the next bit is literally
weirdly the most important part of the
quote that you can change if your
insurance code is too high try to put
your insurance from around seven days
from now
that can really lower the insurance I
don't know why when it when it asks you
to choose when the insurance start I
don't know why but seven days from now
around then
couldn't cut it down by half give that a
go it's a weird one but definitely give
that a go and see what you get next one
put around 250 quid and say if you've
got any no claims obviously if you're
new driver you won't but if you're an
experienced driver put if you've got any
nightclubs press next and then press no
other side layer for now on all of them
now it's finally time for your quote now
guys have a look at the quotes what you
what do you get put in the comments
section if you've got a decent quote but
if you're still too high try the
additional driver's idea that I said you
know if you tried two two additional
drivers there try one and then still two
I try zero just see what you get and
then choose your cheapest from there so
guys unfortunately that is the end of
today's video If you guys did enjoy it
make sure to smash subscribe and if I
helped any of you guys out to lower your
shortages let me know if you want to
watch me do a POV Drive click here
otherwise I'll see you guys later
goodbye goodbye guys
浏览更多相关视频
Total Cost of Buying my FIRST CAR in Canada | Canada Vlog | International Students | Canada
BREAKING: Inflation COOLS, Fed RATE CUT IMMINENT
Quanto mi costa mantenere la Porsche? (POV Driving)
Car Buying Tips and Mistakes to avoid - (Good timing, Basic info, Interest rates and Insurance)
cost of living in GERMANY | housing, food, transport & more
WORST Cars for Middle Class in India . DONT DESTROY WEALTH !!
5.0 / 5 (0 votes)