$37 a month is good, but I bet you can do better. The issue with staying with one insurer and being a "loyal customer" is that they almost always raise your rates when it comes time to renew. Kind of like how your landlord increases your rent every year. I like to shop around and get a cheaper rate whenever that happens. This year I'm paying $25/month (thru Insurance Panda), but my auto policy is about to expire so it's time to start looking around for better rates. Any suggestions?
Love the video! Another tip if you have State Farm: if you graduated from college (with your AA or your Bachelor's) with a 3.0+ GPA, you can get the "good student" discount permanently.
Hint; So does every other insurance company that is not non-standard. State Farm does not care about Auto Insurance. They are like checking accounts to a bank, they start a relationship and want to get the higher ticket items; annuities, life insurance, commercial policies, homeowners, etc. They also have an internal proprietary rating score based not just on how long you've had insurance, but how long you've carried say: 100/300 bodily injury coverage -- among other factors they don't share.
Depends what you mean by permanently. It stays on your policy until you’re 25 and no longer a youthful operator, then it comes off. But yes if you graduate college at 21 it stays on there until you’re 25, regardless of gpa.
@@billwashinski4961 I was with State farm for like 15 years....never tried to get any more discounts...when online companies came along, I save 50% and dropped them like a hot potato. When I moved to another state I shopped around...been back and forth with Geico/Progressive/Geico/Libertymutual. I have an impeccable driving record and if they don't give me a good deal, I move on. I had similar problem insuring my home. Travelers first year....shopped around and saved at least 50%. what a rip off that was. They used the excuse of having dogs ( fucking beagle and Shih Tzu who stay indoors mostly....real liability there!)
im in highschool have a 3.5 gpa going to college does that count lol. ($752 (kia car), $1012.69 (hyundai), $869.66(mercedas) monthly + $165~250 monthly for the car) So..bascially...my insurance cost more than the car. I might just never buy a car now lol I cant get a quota from statefarm but basing it off from progessive
Don’t forget they give discounts for safe driving every month . I have Esurance and they give up to 25 % discount a month for safe driving . Plus the discount if you take the defensive course is another 10%.
Very sensible, particularly because in the event of an accident the money you have been saving can easily be applied to the purchase of another Porsche for a very reasonable price tag. Not a Porsche guy myself, but I think the Boxster's of that era go for $6-7k. Based on what you used to pay, $2-3 hundred more per 6-month cycle or $4-6 hundred more per year, you are saving up to 11.6% of the car's value per year. In other words, in less than ten years you could buy another Boxster with the savings alone, regardless of if you had an accident or not. Well played, well played.
Exactly my thought. I worked it out to be around 8-10 years of not buying two way insurance. Of course, it's a moving target since the car depreciates every year. They say the price of my car has hit the bottom already and might be going up after a while, lol.
My rates with AAA went up by about 40% so I remembered watching this video and switched to Geico. Thought for sure it would be expensive considering its one of the big companies with tons of marketing campaigns, but they gave me a good rate. Almost as low as yours. Thanks BTB!
This guy makes has made me decide to make a channel. I'll give real finance tips that work, not misrepresentation and omitting information. Saying you are a member of a group, buying a share of stock (not counting the transaction fee to do so) nor mentioning rate evasion and misrepresentation of miles actually driven -- and for what use -- he could get his policy cancelled if Gieco witnessed his actual data. They'd send a letter and if returned -- realize he doesn't live in that zip code where you have to drive 20 miles to get milk and cancel him.
I pay 180.00 a month for a full cover and the reason these insurances are so expensive is because no one is policing them. Also you’re forced to pay them by law. If the government don’t regulate them they will continue to give the same sad story every six months about how much money they are losing and how sad life is for them while their shares get more and more valuable which means they are lying to your face. I hate them and for that, and also for the ridiculous high price of rent lately (due to foreigners buying homes be remote control and jacking the prices up) I am moving out of the states. My own country has failed me. Good bye USA.
I pay around $80 for full coverage.. That is for 100/300/100, 25k medical, 25k umpd, $500 comprehensive deduc and $1000 collision deduc. I tested your coverage for me and I was at $37.6/$232 for 6 months.
@@distortedsteeve2980 yeah...i paid $69 for liability for 1 vehicle. Everyone else wanted over $100 up to $189 per 1 vehicle and liability. It's not even a sports car, no tickets, no accidents, 2011 truck. Should qualify for almost all discounts. It's ridiculous. I'm looking for a lower cost liability insurance. If anyone has a suggestion of one let me know.
Make sure you have uninsured motorist coverage and medpay. Protects you from drivers who have no insurance or not enough coverage. Absolute must haves.
this is only 1 person with gieco and with a clean record I am assuming and a student and bla bla bla dont be to impressed look at how you, yourself is treated call gieco and see whta you get
wow!!! just did a quote for Geico and my estimate is a little less than 50 a month!! I'm currently paying around 117 a month for my full coverage insurance but paid my truck off 4 years ago. Thank you very much for pointing this out. I did get an accident in 2012, but the guy hit me when he was falling asleep on the wheel when I was changing a flat tire ( I know...insane that I survive it). It really helped me, thank you.
Awesome, I just got off the phone with Geico and now I have an "affiliate membership discount" - $20.40 (for 6 months). I just mentioned the policy discount thing like having a share of Geico and/or Berkshire Hathaway B. (without having to provide any additional information) and it worked! I have a ton of discounts in affiliation with Geico already, but I didn't know owning a share of Warren Buffet's company would give me an actual discount! Like I graduated college with an honor society National Society of Collegiate that kept spamming us with Geico membership discounts, and they didn't even accept it because I already had like 5 discounts going for me! BUT WOW, just mentioning you own a share of GEICO or BERKSHIRE HATHAWAY B paves the wave!
Nice! Glad you are able to get some money off! You should've been able to add that since the Geico share is similar to the Honer society thing. They grouped it together.
Here in the uk insurance is different. We have to have at minimum 3rd party which covers the other person in a crash Because of this prices are higher than America. Also in USA you insure the car, and anyone can drive the car with permission. In the uk each person has to be insured. So if I was insured on a car, my brother would also need his own insurance on the same car, under the same policy. My car insurance on a very cheap, old car was £3000 (when ex’s he rate was £1:$1.64) which means I paid just under $5,000 for the year
We are paying like 112 per month for our two cars. I just called them (progressive) yesterday and asked if they had anymore discounts. They just told me that I should try to use my husband as primary and just list myself as spouse probably his record is better than mine😒 Our new quote is 359 for six months! 😊 Keep up the great content!👍🏽
I have liability insurance on a 1997 ford mustang GT, I pay $5 a month for it. Car runs perfectly and drives just fine, swapped a 4 cyl from a broken down fiesta in it for better gas mileage along with stripping down weight so I can still enjoy the looks on the SN95 mustang.
I have full coverage for $50/month for my 2006 GMC pickup and 2015 Subaru Forester. It may be false economy to have only liability as accidents can easily run several thousands of dollars. A few years ago during a storm a tree fell on my truck at my home and caused $3k in damage...my insurance covered it in full.
The only companies in america, where it's a LAW to give them business! LMAO When is it going to be a law for me to fix your computer every month, for the rest of your life,...just in case something happens!
You can lower your coverage even more by dropping Medpay coverage. Assuming you carry health insurance that would cover you for any injuries sustained in an accident. Same goes for uninsured motorist injury coverage.
Not a good idea at all to ever drop Medpay coverage. And if you don't have it, be sure you get it and think of it as it protects you and everyone inside the vehicle. Depending on the policy, insurances offer various amounts of coverage from anywhere of $2500 - $100K. I tend to go for the highest coverage because one ride in an ambulance and an E.R. visit or hospital stay can reach up over $50K FAST. Medpay covers that 100% without a Deductable. Medpay is not only for the driver but for EVERYONE who rides in your car. Should there ever be an accident and your passengers are injured, THE DRIVER'S PERSONAL HEALTH INSURANCE DOES NOT COVER YOUR PASSENGERS. I've had several cases where the driver did not have Medpay, and the passengers (who were relatives) had to sue the driver's insurance for all medical bills. There were FOUR passengers. Now, had she had the Medpay insurance, which costs very little btw, the Medpay would have covered each person in the car including the driver up to $10K / person, which is what she originally had on her policy before she canceled to 'save money'. It was a very dumb move to try and save pennies when it came to serious injuries not only for herself but her family. In fact, it ended up costing the driver much much more; then, to make matters worse, that insurance co. canceled her policy! And no, I do not sell insurance.
No, not necessarily. On most basic liability car insurance policies, a passenger is not covered. Many people mistakenly think that bodily injury limits coverage will cover passengers in their vehicles. However, bodily injury limits only cover passengers in a different car than the insured. You really need to ask your ins. agent to explain your auto ins. disclosures to you IN DETAIL, because the lack of knowledge may end up costing you or those you love in your vehicle much more either financially or physically if you have an accident. You also need to take into consideration that you will pay your deductible for use of bodily injury liability portion because you are paying for others outside your car and are a risk to the insurance company that you may have caused the accident. Note on your Medpay, unlike some personal healthcare insurances, there is NO deductible and immediate 100% coverage towards your and your passengers' healthcare providers or health related services such as hospital or ambulance costs. With auto injuries, use the Medpay first and when it is maxed out, THEN you use the personal healthcare insurance to cover the difference.
False. Bodily injury coverage covers injuries for which you are liable regardless if where they are. .. passengers in your car, someone else's car or even pedestrians. The only exception would be for relatives that live with you (spouse/kids). Maybe you need a new agent if they are not correctly explaining how your coverages work. And there is no deductible on bodily injury coverage.
Coincidentally this was my next thing to work on after dumping my storage unit. I just figured out my car is worth only a few thousand- so why am I paying $180 month with no accidents afrer 'discounts'?!
My car is valued at $3,500 and I have full coverage. I thought of dropping coverage to liability but I not sure if its a good idea. So how much do you recommend saving monthly to cover for the missing coverage?
BeatTheBush I have been through traffic school so many times and it really does help. These days it is harder to keep off record just by being across county lines in Tennessee. I noticed my car insurance went up $100 and something for a year. I thought it was a speeding ticket. Apparently, I negotiated with the judge well to keep it off record by saying I just got married and taking responsibility for it. She said it would go on my record as the courtroom was laughing and sighing at the unbelievable amount of tickets I've gotten. I think she was embarrassed to say out loud it was not going on my record by the courtroom response. It could have been too that I said I felt I was harassed by the police. Either way, it appears the reason it went up to me is they claimed on my insurance statement that everyone's insurance was going up because of new laws (sounds like an excuse to go up). I have been accident free and was really good at staying out of at fault accidents. That is why I am here is to save money. My experience with a speeding ticket is you want traffic school if you can't somehow prove not at fault, lime a picture of the speed limit sign.
I'd never recommend having liability only for most people! It's really for those with really trash and old cars ready to throw away! Even then when there is a need for medicals...
I do not either as it takes a some level of financial backing to do so. It also depends on the driver if they are prone to accidents or is a defensive driver. My car is much cheaper than you thank it is, I think its valued at $7k right now?
$25 a month for me. I bought a new 2004 Hyundai Elantra , MSRP was $14,500, with the 2K rebate paid $12,500. Is the most trouble free car I ever owned. I put full coverage on a new car for the first yr since accidents seem to happen most often in a new vehicle. After that it's time to drop down to liability coverage of $299 per yr, discount for paying full yr and a discount for driving low miles since I don't have to drive to work along with an excellent driving record. From Erie Ins located in the North East.
The defensive drivers class works the same way as seat belt, at least for me. The last 3 times i have called in they did not want any proof, they just applied it.
Liability is the way to go if you don’t own lender. Just save the rest of the money that you would have payed if it was fully covered in a high yield savings account.
i own a 2015 bmw 328ix which has low mileage and no accident. I have been with state farm ever since I got it at the end of 2015 and I love state farm and instead of price optimization/gouging, my agent gives me lower and lower rate every year as now I pay 84 per month for comprehensive with 500 deductibles. This is not an ad. and I just want to share with you what I have. I am happy with it. location: Dallas
It depends on what you own and a lot of factors. So not a single company will be cheapest for everyone because they have their own methods of calculating what to charge.
Excellent video! One thing you have to be careful of is too much reduction in liability. We both have Boxsters. By some awful stroke of luck you or I hit a pedestrian or some child that runs in the street to get a ball, you can rest assure that that person's lawyer is going to go after every dime you have. $500,000/$1,000,000 coverage will motivate the insurance company to fight for you. $100,000 the insurance company will roll over and pay and let you absorb the massive excess costs, which the other guy's lawyer is going to aim very high on, partly because he knows you will never win sympathy in court (if it goes that far) with a Boxster.
BeattheBush sorry, but I am way to curious on this and I hope you get into an accident so that you can make a video of the after math :). Sorry for the hoping i ma very curiios how geiog will protect you
JesusGodHolySpirit3 GEICO is the absolute WORST insurance company. They arm-twist body repair shops to do things on the cheap, ultimately resulting in a shoddy repair. But GEICO does make some good tv commercials!
Baupylypuab which car insurance company isn't the worst? Ive gone through many of them! How dare they bill me or anyone for that fact $70 + per month for liability only on a 22 + year old car! All of them are scumbags; i never want to have car insurance!!! something is bs here for shure my car is not worth anything why i have to pay 70+ $'s every month for shit?
Hi Bush, I think uninsured motor property damage is necessary, it will be couple dollar more each month. However, it is even more likely to happen then liability. There is a lot people driving without insurance, having useless insurance policy and even hit and run.
Hey BTB, I just switched from Progressive to Geico. I am paying about $28 per month with various discounts applied. I appreciate your efforts to educate viewers about possible discounts, however, there are a few oversights in your presentation. I am NOT an insurance agent or affiliated with Geico in any way. But a review of Geico's Discount List does in fact innumerate the discounts you list and many others. However, if you look below their list it gives more details to each possible discount. For example, if your vehicle has full front air bags it says you can save 40%. But that's only PARTIALLY true! If one looks at the details under Air Bag Discount, it says "...These discounts apply to the medical payments or personal injury portion of your car insurance premium". Another example is the Anti-Lock Brakes Discount; it only applies to the collision portion of your premium -- which one doesn't have with mere liability! Also, these discounts are not necessarily cumulative, meaning if you are eligible for more than one discount in the same category, you may only actually get the highest of the discount. And lastly, one can get up to an 8% discount for owning at least one share of Berkshire Hathaway stock. A single share of BH Class A stock will set you back about a quarter mill; and a share of his "bargain" stock, Class B, will cost you a few hundred bucks. So you do the math on that one. If one already has BH stock one may as well invoke the discount, but it certainly doesn't make a lot of sense to get it for the discount. Hope this was enlightening to all as well. Take it light and make it a good day!
I use Geico auto insurance, Liability only, i have a 31yo Honda accord but ive done everything i can to get it up to todays saftey standards. I only have a few discounts as i can barely afford to rent a place and college. Id stay woth my parents but they kicked me out when i turned 18. $220 with geico was the cheapest insurance i could get. But since i got replaced at my job everything hitting the fan. This sort of helps a bit but man my lucks trash
right. im about to pay near 500 a month for 2012 ford escape. im 23 and this my first vehicle... but i think its worth avoiding the crowded crazy animal like bus rush after work.
Thanks BTB! We lowered our progressive bill $31 dollars less by taking your advice and paying 6 months in advance. Plus we'll get a 10% discount by taking the defensive driving course.
Dont worry jenp27 all car insurance are the same they will charge you depending on that 1 ticket that you have on yoru record and it will be an fing steep price for liablity crappy coverage! don't bother shopping around just to save pennies! ive shopped around and they are all the same. my advise don't get car insurance because in the end its a scam at a high price and they will not even protect you in the end. look it up into it.
Your credit score plays a part in your rate too, my wife is an insurance agent and as I’ve applied Beat the Bush’s ideas and our credit increases our rate has gone down
Your age, driving record and car model are probably the biggest factors. When I was a kid I had a lot of Camaros..and Cavaliers...you would think a Camaro would be more expensive...nope the cavalier was because of crash test ratings........I assume lol.
Unfortunately a lot of what he is saying in this video is not true! I personally had Geico and had to cancel it because my insurance kept going up after keeping a clean driving record and have most of the options he talks about in this video and nothing lowered my insurance premium❗
When you own enough shares to have voting rights, you get letters inviting you to meetings and such. If you have s&p500, you don't get letters from all those companies. You buy shares of the mutual fund, not of the companies.
actually you dont even need to own. Just call them and say you own Berkshire and how will you get the discount. They will give the discount right away. I got it that way.
It's been said but drivers of price 1. Newer cars are more and more expensive to fix. A simple bumper 10 years ago, now has cameras and sensors and must be replaced not repaired 2. Injury claims. People trying to cash in. Cars are safer yet more people claim to be hurt. The science says either our bodies have just become weaker or people are overstating their injuries for money
A large part of your rate is also based on your credit score. Additionally, insurance is regulated bt the state you are in and not federal so this means many things are not offered in all the states. For instance, in the state of PA where I am a licensed insurance agent defensive driver discount is primarily only offered to the 55 or older folks. Also because rating factors per person are never identical from person to person two people will almost never have the same rate. He is always good to speak with an agent or your insurance carrier to go over and get a few review to make sure you are getting all the discounts that are offered.
amazing video because in the event of an accident the money you have been saving can easily be applied to the purchase of another Porsche for a very reasonable price tag
I have a question: Is it a one time thing that you do in order to qualify for a discount when you buy a share from one of the membership affiliation groups?
You are So Lucky, insurance is insane here in NY i live in one of the 5 Boros, Flo just quoted me $450 a month for liability, I am going to stick with the Lizard for around $200 a month with a clean driving record never in a accident ever not even a seatbelt ticket I've been driving for 16 yrs
+BeatTheBush I live in the state of Michigan, which BTW is the state with the highest car insurance rates. My agent from my insurance company, says, there are no additional discounts offered. You got a nice video, however, Michiganders are stuck with the highest insurance rates. Is there anything you like to add to this?
Yeah not a single insurance company will be best for all people. Some have lower rates for certain people so you never know. Sometimes you have to specifically ask for a certain discount, sorta like a secret hand shake.
The problem is I have already milked out all the possible discounts, with the exception of the seat belt discount. I will ask for that, later on, and see if I can get that discount. I'll let you know!
When I called up Geico to find out about the airbag and self belt I was told that it's included in the safety features and it's different in all states.. Still the savings we got when we stitched to Geico from Liberty
Huh, makes sense different states have different insurance laws. Glad you're able to get a lower rate. It's generally good to just compare 3-4 places if you have the time. I think I did 3 place before settling on Geico.
thank you for your video, i just finished my month testing, and they offered me $36 bucks a month as well. was very happy to see such a cheap price. so thank you cause i seen this video and downloaded the app.
Pretty self explanatory: good driving record+ only liability + not covered for uninsured motorist= cheap insurance. Geico maybe the lowest for you but with the way you have your insurance set up I'm sure your insurance would be low with anybody. Only suggestion I have is I was in the car business for years and Geico was generally not the least expensive insurance out there so you even though you have a great price you may still be able to get it lower.
The cheapest insurance for any given person may be at a different company so you really have to compare rates. I have compared 3 different places so far and stopped there at Geico. At least half a dozen have reported getting cheaper rates switching to geico in this comment section.
Geico offered me $600+ a month Progressive offered a quote of $800 And e-surance gave the most wtf price of $1300 a month for a base model Kia. WTF?? No accidents and no risky history. Explain that!
Thank you sm. I did the math on mine (progressive) and it is FIVE HUNDRED a MONTH. I did have a small at-fault (I live in FL and I rear ended a guy who braked suddenly) but 3000 per 6 months? What the fuck.
The main factor insurance is either going to be cheaper or more expensive for you is obviously your credit score. Since they take that as like 80% of what they factor in creating your insurance quote. It’s more likely that someone with poor credit would file a claim over someone with good credit because they’ll most likely pay for damages instead of filing a claim.
I was driving my car when I had a permit and I was about to get my license. This woman that was talking on the phone didnt take her stop sign and crushed the car I saved up for. Later on the police said its my fault cause i didnt have license. In reality I did everything right. Now I pay 325 each month for car insurance. I always wish that bitch the worst cause she did me dirty. But thank you helps alot.
Having a permit is considered a licence I think. Fault shouldn't be determined by what license you have but on the situation. Sometimes, the determination is based on what you do or say at the accident site. So without experience, you could get yourself into trouble even when it isn't your fault.
I pay 74 a month just for liability in california. I have been driving for almost 3 years, with one speeding ticket 2 years ago, 1 parking violation of less than $60 2 years ago. but I have a insurance gap ,cuz I cancelled my car insurance while I was deployed. I have USAA 😕 how can I bring mine down? I have 2006 corolla paid off, credit score of 794 equifax
I notice with them they pay just enough on min. Payment to have some role over into next renewal cycle. They charge about 450 for the renewal. I am about to snip that little interest carry over I am just glad I caught it.
So, he's lying about Discounts he doesn't truly qualify for. He's also in CA - the Good Driver Discount is a CA discount and is lost with certain driving activities. Also, CA is based on mileage -- which he is likely lying about how much he's driving and zip code which is not his actually garaging zip code. To truly get a real low rate legitimate, there is a formula for being preferred and he isn't even close to the real factors
I live in Florida, Insurance here is crazy High. I spend 200 per month for ok coverage on my 2 personal vehicles, and another 400 per month for commercial auto insurance on an older box truck(1 million dollar required coverage). Ive shopped around and used every discount I can.
$37 per month is not low sorry if you said $19 a month for liability that would be low, but $37 is not fing low! Oh f gieco lol they charged me * were charing me $71 per MONTH on fing liability which I did pay in FULL! Why! Why were they charging me for liability $71 ? um ... lets see what happens when you are in an accident! I have air bag, anti-theft system, 5 year no accident, seat belt use, anti lock brake system, and ON TOP OF THAT SHT I have a 22 year old car! So fing tell me how this institues a $71 per fing month of car insuracne for liability and fing low coverage!
Do you even understand the cost of insurance in other states? I live in Detroit Michigan, it costs us around 300-400 a month just for liability insurance for a 20 year old car... we would all be jumping for joy to even pay $100 a month..
37 dollars is low to me, in new york I pay 150 per car a month so that's low. try living in new york lol. and that 150 per car not even full coverage lol I'm 40yrs old no accidents,with driving classes. so go figure. lmfao
I reduced my car insurance rate from 201$ to 178$ per month..by increasing the deductible with geico insurance. Maybe it’s because I’m in California and my car is new- this May be why it’s so high but I am thankful to decrease it by 20$ per month
I want to thank you for some very helpful information. I was able to add a discount with my geico that I didn’t know it was available to me. I was able to get additional ~$150 discount every 6 month. Wife works for university and it qualifies for a discount. Before discount I was at $3085 for 7 cars. So thank you again!!!!
Okay a few tips here to get the most for your insurance dollar. Increasing PD to 100,000 is likely only a few dollars more and its easy to do more than 50,000 in damage if you hit something other than a vehicle or found at fault in a multi-vehicle collision. Next, see how relatively cheap Uninsured/Underinsured coverage is? That coverage is for your bodily injury. Why would you carry more coverage for BI to others than you do to protect yourself and your passengers. Look out for #1. It’s a very nominal amount of premium to bump that up to match your BI. 13% of vehicles on the road have no insurance. You live in a sanctuary state with a lot of undocumented folks. That stat is likely higher in CA. If you have a lien or your vehicle is a lease you may be required by that contact to carry comp & collision as well as minimum 100/300/100. And FYI California is a state that is very strict about negligence. The more coverage, the better. I would bump up those limits BECAUSE you live in CA.
If you drive to work in CA, I recommend full coverage due to heavy traffic and frustrated people who just want to get home but can’t. You can still apply discounts. Car repairs are far more then a ton of home repair costs. It’s good for legal reasons too. In a worse case scenario there could otherwise be lawsuits. Thanks for your videos though.
Listeners Paradise just dont be a shitty driver? Seriously you pay insurance in case you fuck up, so don't fuck up. Also insurance companies dont pay your car repair bills, you could pay thousands of dollars for a theoretical accident that never happens, but when your car needs a repair, thats on you not insurance. Insurance is bullshit and thrives off our fear.
Defense Driving Class and Driver's Ed only applies to older drivers (over 65) Antilock Brake, airbag, and seat belt use is all looked at through the good driver policy, as well as your VIN number. Multipolicy discounts are applied if you have extra liability, which needs higher limits The only one out of all of these I might be able to add is the membership affiliate by buying shares of Geico's owner company, but the Geico representative on the phone did not want to confirm I would actually get the discount. He said "more than likely" as long as youre affiliated, "they'll look into it." That's the info I got from bringing this info from the video by directly calling Geico.
I’ll try your company I’m not having any luck finding affordable full coverage. These big companies want me to pay more than my car payment 😒 And this is me with just one ticket at 26 years old.
This guy is every insurance companies WET dream. His credit score which matters most is most likely impeccable also. i just heard that a person with excellent credit and a DUI will pay less or have no increase in insurance then someone who has fair/good credit with no accidents or tickets etc.
I'm a simple man, I see an Asian guy talking about saving money... I click to watch every time
Right on. =D
Or just a guy like me and you :)
Me too🤦🏿♂️🤷🏿♂️😭
I actually seen "my $37 car insurance" and then an Asian Guy.. So yeah click🤔👀
I thought I was the only one 😂
after 15 years of hearing the commercial... i may actually switch to geico to save 15% or more on car insurance
Investing With Wesley Amen
Geico is a rip off!! You'll pay for their ridiculous TV ads. Lol
Why did i laugh to this lol
Wesley Smith when I lived In the US, Farmers was the way to go
Geico gave me one of the most expensive quotes.. it’s BS
$37 a month is good, but I bet you can do better. The issue with staying with one insurer and being a "loyal customer" is that they almost always raise your rates when it comes time to renew. Kind of like how your landlord increases your rent every year. I like to shop around and get a cheaper rate whenever that happens. This year I'm paying $25/month (thru Insurance Panda), but my auto policy is about to expire so it's time to start looking around for better rates.
Any suggestions?
excellent information I love it
THIS IS AWESOME DUDE
Awesome
Love the video! Another tip if you have State Farm: if you graduated from college (with your AA or your Bachelor's) with a 3.0+ GPA, you can get the "good student" discount permanently.
Oh yes... the good grades discount. =D
Hint; So does every other insurance company that is not non-standard. State Farm does not care about Auto Insurance. They are like checking accounts to a bank, they start a relationship and want to get the higher ticket items; annuities, life insurance, commercial policies, homeowners, etc. They also have an internal proprietary rating score based not just on how long you've had insurance, but how long you've carried say: 100/300 bodily injury coverage -- among other factors they don't share.
Depends what you mean by permanently. It stays on your policy until you’re 25 and no longer a youthful operator, then it comes off. But yes if you graduate college at 21 it stays on there until you’re 25, regardless of gpa.
@@billwashinski4961 I was with State farm for like 15 years....never tried to get any more discounts...when online companies came along, I save 50% and dropped them like a hot potato. When I moved to another state I shopped around...been back and forth with Geico/Progressive/Geico/Libertymutual. I have an impeccable driving record and if they don't give me a good deal, I move on. I had similar problem insuring my home. Travelers first year....shopped around and saved at least 50%. what a rip off that was. They used the excuse of having dogs ( fucking beagle and Shih Tzu who stay indoors mostly....real liability there!)
im in highschool have a 3.5 gpa going to college does that count lol.
($752 (kia car), $1012.69 (hyundai), $869.66(mercedas) monthly + $165~250 monthly for the car) So..bascially...my insurance cost more than the car. I might just never buy a car now lol
I cant get a quota from statefarm but basing it off from progessive
EXCELLENT! I have many of these discounts including AARP defensive driving. Cost $15 for members, $20 for non-members.
good video. I pay about $50 a month for my car. never thought about getting stock in the company to reduce my rate. thanks for the tip!
Yup! Comb through all the possible discounts and get in on some of those nice discounts. =D
Mr Trench how much did your insurance drop after buying a share?
You have to own at least 1 BRK.B share.... you get an 8% discount
Don Robertson How much is a share?
Crunch Buttsteak a Berkshire Hathaway share is like 10k lol
Don’t forget they give discounts for safe driving every month . I have Esurance and they give up to 25 % discount a month for safe driving . Plus the discount if you take the defensive course is another 10%.
Very sensible, particularly because in the event of an accident the money you have been saving can easily be applied to the purchase of another Porsche for a very reasonable price tag. Not a Porsche guy myself, but I think the Boxster's of that era go for $6-7k. Based on what you used to pay, $2-3 hundred more per 6-month cycle or $4-6 hundred more per year, you are saving up to 11.6% of the car's value per year. In other words, in less than ten years you could buy another Boxster with the savings alone, regardless of if you had an accident or not. Well played, well played.
Exactly my thought. I worked it out to be around 8-10 years of not buying two way insurance. Of course, it's a moving target since the car depreciates every year. They say the price of my car has hit the bottom already and might be going up after a while, lol.
A porsche 944 would be a much classier option for that price tag...boxsters are the sort of like the tv dinner of porsches..
My rates with AAA went up by about 40% so I remembered watching this video and switched to Geico. Thought for sure it would be expensive considering its one of the big companies with tons of marketing campaigns, but they gave me a good rate. Almost as low as yours.
Thanks BTB!
Your videos are amazing man! Probably one of the most helpful real finance channels on youtube
Thanks much! I try. =D
This guy makes has made me decide to make a channel. I'll give real finance tips that work, not misrepresentation and omitting information. Saying you are a member of a group, buying a share of stock (not counting the transaction fee to do so) nor mentioning rate evasion and misrepresentation of miles actually driven -- and for what use -- he could get his policy cancelled if Gieco witnessed his actual data. They'd send a letter and if returned -- realize he doesn't live in that zip code where you have to drive 20 miles to get milk and cancel him.
I pay 180.00 a month for a full cover and the reason these insurances are so expensive is because no one is policing them. Also you’re forced to pay them by law. If the government don’t regulate them they will continue to give the same sad story every six months about how much money they are losing and how sad life is for them while their shares get more and more valuable which means they are lying to your face. I hate them and for that, and also for the ridiculous high price of rent lately (due to foreigners buying homes be remote control and jacking the prices up) I am moving out of the states. My own country has failed me. Good bye USA.
Let me guess, your still in the US
I pay around $80 for full coverage.. That is for 100/300/100, 25k medical, 25k umpd, $500 comprehensive deduc and $1000 collision deduc. I tested your coverage for me and I was at $37.6/$232 for 6 months.
With what ins company?
Yeah he’s not doing anything special he just has the bare minimum coverage
What company
@@florcedillo7964 hes not going to say, probably lying
@@distortedsteeve2980 yeah...i paid $69 for liability for 1 vehicle. Everyone else wanted over $100 up to $189 per 1 vehicle and liability. It's not even a sports car, no tickets, no accidents, 2011 truck. Should qualify for almost all discounts. It's ridiculous. I'm looking for a lower cost liability insurance. If anyone has a suggestion of one let me know.
This has got to be one of the most actionable videos on youtube. Thanks btb!
Make sure you have uninsured motorist coverage and medpay. Protects you from drivers who have no insurance or not enough coverage. Absolute must haves.
We just switched to Geico.. Amazed me how much we saved
Oh yeah? I think it really depends on your background if its cheaper or not. Good to at least get a quote.
We switched a few days ago.. I am going tomorrow to get my car checked out with them.. I'm going to find out if we have the seat belt added
this is only 1 person with gieco and with a clean record I am assuming and a student and bla bla bla dont be to impressed look at how you, yourself is treated call gieco and see whta you get
can't wait to give a try。I pay 18O$ every month now😤😤😤😤😤
Sounds like one of the commercials....haha...worked for me too.
wow!!! just did a quote for Geico and my estimate is a little less than 50 a month!! I'm currently paying around 117 a month for my full coverage insurance but paid my truck off 4 years ago.
Thank you very much for pointing this out. I did get an accident in 2012, but the guy hit me when he was falling asleep on the wheel when I was changing a flat tire ( I know...insane that I survive it).
It really helped me, thank you.
Works for some and not others. They way they quote depends on their own proprietary methods so it’s good to get multiple quotes.
Awesome, I just got off the phone with Geico and now I have an "affiliate membership discount" - $20.40 (for 6 months). I just mentioned the policy discount thing like having a share of Geico and/or Berkshire Hathaway B. (without having to provide any additional information) and it worked! I have a ton of discounts in affiliation with Geico already, but I didn't know owning a share of Warren Buffet's company would give me an actual discount! Like I graduated college with an honor society National Society of Collegiate that kept spamming us with Geico membership discounts, and they didn't even accept it because I already had like 5 discounts going for me! BUT WOW, just mentioning you own a share of GEICO or BERKSHIRE HATHAWAY B paves the wave!
Nice! Glad you are able to get some money off! You should've been able to add that since the Geico share is similar to the Honer society thing. They grouped it together.
Here in the uk insurance is different.
We have to have at minimum 3rd party which covers the other person in a crash
Because of this prices are higher than America. Also in USA you insure the car, and anyone can drive the car with permission. In the uk each person has to be insured. So if I was insured on a car, my brother would also need his own insurance on the same car, under the same policy.
My car insurance on a very cheap, old car was £3000 (when ex’s he rate was £1:$1.64) which means I paid just under $5,000 for the year
We are paying like 112 per month for our two cars. I just called them (progressive) yesterday and asked if they had anymore discounts. They just told me that I should try to use my husband as primary and just list myself as spouse probably his record is better than mine😒 Our new quote is 359 for six months! 😊 Keep up the great content!👍🏽
Yeah... sometimes, you won’t get a better deal but good to comparison shop.
I have liability insurance on a 1997 ford mustang GT, I pay $5 a month for it. Car runs perfectly and drives just fine, swapped a 4 cyl from a broken down fiesta in it for better gas mileage along with stripping down weight so I can still enjoy the looks on the SN95 mustang.
Nice! Sounds like a lot of work to swap in an engine!
BeatTheBush it sure is! I would not recommend the path I took haha way too much work but it paid off in the end :)
Thank you so much! I feel like you're my life guru. I've been really learning a lot from you. Thanks!!! Shared to my friends!
I do enjoy that label. Thanks! =D Glad to be of help. =D
I have full coverage for $50/month for my 2006 GMC pickup and 2015 Subaru Forester. It may be false economy to have only liability as accidents can easily run several thousands of dollars. A few years ago during a storm a tree fell on my truck at my home and caused $3k in damage...my insurance covered it in full.
Great tips.. buying share, worked perfectly as I already own few. Thanks , appreciated.. keep up the great work
=D Glad it worked for you! =D
so I could buy a few shares of geico to get that discount.
rajasekar ganapathy how much did your rate go down from just buying a share of stock?
How to buy the geico share as it is not listed in the stock market.
berkshire hathaway class b shares
The only companies in america, where it's a LAW to give them business! LMAO
When is it going to be a law for me to fix your computer every month, for the rest of your life,...just in case something happens!
they spend the most money lobbying the government same with pharmaceutical companies
You can lower your coverage even more by dropping Medpay coverage. Assuming you carry health insurance that would cover you for any injuries sustained in an accident. Same goes for uninsured motorist injury coverage.
Not a good idea at all to ever drop Medpay coverage. And if you don't have it, be sure you get it and think of it as it protects you and everyone inside the vehicle. Depending on the policy, insurances offer various amounts of coverage from anywhere of $2500 - $100K. I tend to go for the highest coverage because one ride in an ambulance and an E.R. visit or hospital stay can reach up over $50K FAST. Medpay covers that 100% without a Deductable. Medpay is not only for the driver but for EVERYONE who rides in your car. Should there ever be an accident and your passengers are injured, THE DRIVER'S PERSONAL HEALTH INSURANCE DOES NOT COVER YOUR PASSENGERS. I've had several cases where the driver did not have Medpay, and the passengers (who were relatives) had to sue the driver's insurance for all medical bills. There were FOUR passengers. Now, had she had the Medpay insurance, which costs very little btw, the Medpay would have covered each person in the car including the driver up to $10K / person, which is what she originally had on her policy before she canceled to 'save money'. It was a very dumb move to try and save pennies when it came to serious injuries not only for herself but her family. In fact, it ended up costing the driver much much more; then, to make matters worse, that insurance co. canceled her policy! And no, I do not sell insurance.
Bodily injury coverage (which is still on his policy) would cover injuries to his passengers.
No, not necessarily. On most basic liability car insurance policies, a passenger is not covered. Many people mistakenly think that bodily injury limits coverage will cover passengers in their vehicles. However, bodily injury limits only cover passengers in a different car than the insured. You really need to ask your ins. agent to explain your auto ins. disclosures to you IN DETAIL, because the lack of knowledge may end up costing you or those you love in your vehicle much more either financially or physically if you have an accident. You also need to take into consideration that you will pay your deductible for use of bodily injury liability portion because you are paying for others outside your car and are a risk to the insurance company that you may have caused the accident. Note on your Medpay, unlike some personal healthcare insurances, there is NO deductible and immediate 100% coverage towards your and your passengers' healthcare providers or health related services such as hospital or ambulance costs. With auto injuries, use the Medpay first and when it is maxed out, THEN you use the personal healthcare insurance to cover the difference.
False. Bodily injury coverage covers injuries for which you are liable regardless if where they are. .. passengers in your car, someone else's car or even pedestrians. The only exception would be for relatives that live with you (spouse/kids). Maybe you need a new agent if they are not correctly explaining how your coverages work. And there is no deductible on bodily injury coverage.
LOL... don't worry about me Annie. You just do you. I'm not here to argue.
Have a porche and can’t afford real insurance buy ,kia
Coincidentally this was my next thing to work on after dumping my storage unit. I just figured out my car is worth only a few thousand- so why am I paying $180 month with no accidents afrer 'discounts'?!
What company are you with?
My car is valued at $3,500 and I have full coverage. I thought of dropping coverage to liability but I not sure if its a good idea. So how much do you recommend saving monthly to cover for the missing coverage?
You really need to have the cash now in case something happens tomorrow. Its the difference between self insuring and having a company insure for you.
Sadly it doesn’t help when you have two speeding tickets 😂😂😂
What about an older Honda? Mine is 10 years old and I pay 57 a month. I have uninsured motorists. No emergency fund yet. Working on it.
It doesn't really matter what car, the discounts are independent of this.
Good driver course I dont take it in case you get a speeding ticket you can knock off some points.
Can you really? I though traffic school keeps you from getting the point.
BeatTheBush I have been through traffic school so many times and it really does help. These days it is harder to keep off record just by being across county lines in Tennessee. I noticed my car insurance went up $100 and something for a year. I thought it was a speeding ticket. Apparently, I negotiated with the judge well to keep it off record by saying I just got married and taking responsibility for it. She said it would go on my record as the courtroom was laughing and sighing at the unbelievable amount of tickets I've gotten. I think she was embarrassed to say out loud it was not going on my record by the courtroom response. It could have been too that I said I felt I was harassed by the police. Either way, it appears the reason it went up to me is they claimed on my insurance statement that everyone's insurance was going up because of new laws (sounds like an excuse to go up). I have been accident free and was really good at staying out of at fault accidents. That is why I am here is to save money. My experience with a speeding ticket is you want traffic school if you can't somehow prove not at fault, lime a picture of the speed limit sign.
no this does not work good driver course gieco states to me ws not an option
Jessica Lugo id just get a lawyer to get the case dismissed
$250 well spent Eff it
I got my dude on speed dial
@@CJ-wc6lf you got married god that was fucking stupid
I hope that life gets better for myself/everyone for the better of living right, and also to the fullest to offer that makes it amazing!!
I'd never recommend having liability only for most people! It's really for those with really trash and old cars ready to throw away! Even then when there is a need for medicals...
I do not either as it takes a some level of financial backing to do so. It also depends on the driver if they are prone to accidents or is a defensive driver. My car is much cheaper than you thank it is, I think its valued at $7k right now?
Even a 2006 Acura or Lexus will be $6000 if you play your cards right. I’m actually saving my money to buy a 2004 Acura outright for less than $5000.
$25 a month for me.
I bought a new 2004 Hyundai Elantra , MSRP was $14,500, with the 2K rebate paid $12,500. Is the most trouble free car I ever owned.
I put full coverage on a new car for the first yr since accidents seem to happen most often in a new vehicle.
After that it's time to drop down to liability coverage of $299 per yr, discount for paying full yr and a discount for driving low miles since I don't have to drive to work along with an excellent driving record. From Erie Ins located in the North East.
Nice! Insurance depends on the car and your driving recording of course. Yeah, I would be nervous going only liability for new-ish cars.
I get a discount for driving a small amount of miles every year. I send them my odometer reading and they drop off about 5$ a month.
Wow !! A whole 5dollers. That A amazing!! So it isn't
It adds up.
@@fungustooth9082 dollars trying too be sarcastic are we
The defensive drivers class works the same way as seat belt, at least for me. The last 3 times i have called in they did not want any proof, they just applied it.
Nice! Ask and you shall receive. You only need to know the magic words. =D
I pay $49.00 a month for 2 cars.... I have liability only too.... in the long run all that saved money is worth it
Wow, that's really low, good for you!
Prince LT ... I know... but I'm just taking the chance
how were you able to get it that low? do i have to call instead of online? Which company do you have?
vivalacarlo ... I have geico
thanks! How would I ask them for liability only?
Which state and is it fault or no fault insurance??
For mine, I am in CA. This is one way insurance for this video.
I pay roughly the same amount for comprehensive coverage for a Lexus suv. 250k. :D. I agree. I always pay the full amount.
That's pretty darn good! =D =D
Liability is the way to go if you don’t own lender. Just save the rest of the money that you would have payed if it was fully covered in a high yield savings account.
I haven't gotten my insurance yet but I'm glad I seen this 1st
Lollll... 37 a month for a 2001 porche boxster sounds very accurate. If not a little high....
man i love your channel. The credit card/scores one helped me out!
Thanks! So how many points did your score go up and how long did it take? I enjoy hearing about the jump. =D
i own a 2015 bmw 328ix which has low mileage and no accident. I have been with state farm ever since I got it at the end of 2015 and I love state farm and instead of price optimization/gouging, my agent gives me lower and lower rate every year as now I pay 84 per month for comprehensive with 500 deductibles. This is not an ad. and I just want to share with you what I have. I am happy with it. location: Dallas
It depends on what you own and a lot of factors. So not a single company will be cheapest for everyone because they have their own methods of calculating what to charge.
Excellent video! One thing you have to be careful of is too much reduction in liability. We both have Boxsters. By some awful stroke of luck you or I hit a pedestrian or some child that runs in the street to get a ball, you can rest assure that that person's lawyer is going to go after every dime you have. $500,000/$1,000,000 coverage will motivate the insurance company to fight for you. $100,000 the insurance company will roll over and pay and let you absorb the massive excess costs, which the other guy's lawyer is going to aim very high on, partly because he knows you will never win sympathy in court (if it goes that far) with a Boxster.
You have a point there. That almost makes driving too scary and just not drive at all, lol.
BeattheBush sorry, but I am way to curious on this and I hope you get into an accident so that you can make a video of the after math :). Sorry for the hoping i ma very curiios how geiog will protect you
JesusGodHolySpirit3 GEICO is the absolute WORST insurance company. They arm-twist body repair shops to do things on the cheap, ultimately resulting in a shoddy repair. But GEICO does make some good tv commercials!
Baupylypuab which car insurance company isn't the worst? Ive gone through many of them! How dare they bill me or anyone for that fact $70 + per month for liability only on a 22 + year old car! All of them are scumbags; i never want to have car insurance!!! something is bs here for shure my car is not worth anything why i have to pay 70+ $'s every month for shit?
JesusGodHolySpirit3 Don't say that. Don't wish that on anybody. Wow. You're a total douche
Hi Bush, I think uninsured motor property damage is necessary, it will be couple dollar more each month. However, it is even more likely to happen then liability. There is a lot people driving without insurance, having useless insurance policy and even hit and run.
I'm just curious, what was your major in college and what is your profession now? Thanks for all the great advice!
Engineering. =D
@@BeatTheBush Which engineering?
@@oleopathic economic engineering of course,, isn't it obvious?
@@Anjanya1948 nope. Econ engineering doesn't exist? Isn't that called banking or finance? ;)
@@oleopathic was joking
Hey BTB, I just switched from Progressive to Geico. I am paying about $28 per month with various discounts applied. I appreciate your efforts to educate viewers about possible discounts, however, there are a few oversights in your presentation. I am NOT an insurance agent or affiliated with Geico in any way. But a review of Geico's Discount List does in fact innumerate the discounts you list and many others. However, if you look below their list it gives more details to each possible discount. For example, if your vehicle has full front air bags it says you can save 40%. But that's only PARTIALLY true! If one looks at the details under Air Bag Discount, it says "...These discounts apply to the medical payments or personal injury portion of your car insurance premium". Another example is the Anti-Lock Brakes Discount; it only applies to the collision portion of your premium -- which one doesn't have with mere liability! Also, these discounts are not necessarily cumulative, meaning if you are eligible for more than one discount in the same category, you may only actually get the highest of the discount. And lastly, one can get up to an 8% discount for owning at least one share of Berkshire Hathaway stock. A single share of BH Class A stock will set you back about a quarter mill; and a share of his "bargain" stock, Class B, will cost you a few hundred bucks. So you do the math on that one. If one already has BH stock one may as well invoke the discount, but it certainly doesn't make a lot of sense to get it for the discount. Hope this was enlightening to all as well. Take it light and make it a good day!
Drive a Audi a1 at 17 in Scotland insurance is 388 a month
God that's fucking stupid
I use Geico auto insurance, Liability only, i have a 31yo Honda accord but ive done everything i can to get it up to todays saftey standards. I only have a few discounts as i can barely afford to rent a place and college. Id stay woth my parents but they kicked me out when i turned 18. $220 with geico was the cheapest insurance i could get. But since i got replaced at my job everything hitting the fan. This sort of helps a bit but man my lucks trash
Impossible to get in Canada...
Is it much more expensive there?
BeatTheBush way more than in US...just liability on a 2010 ford escape is $700 with good driving record
right. im about to pay near 500 a month for 2012 ford escape. im 23 and this my first vehicle... but i think its worth avoiding the crowded crazy animal like bus rush after work.
I pay 360$ a month in Vancouver.. I was paying 27$ a month in Quebec lol I am moving back to Montreal next year for sure.
Yes, if you live in Montreal :) $70/month with good driving history :)
A discount for anti-lock brakes? Could you add another discount for Electronic Stability Program? The IIHS has been a fan of the technology.
So what changed from your previous video when you showed that you paid $412 for 6 month with Geico?
It's one way insured now rather than comprehensive.
You were paying $412 for 6 months? What the f is one way insured?
Liability. Insurance will only pay if he is not to blame for an accident.
Thanks BTB! We lowered our progressive bill $31 dollars less by taking your advice and paying 6 months in advance. Plus we'll get a 10% discount by taking the defensive driving course.
I can't get lower than $88/mth with progressive in fl...
It's also related to your driving record and a lot of other factors. Did you try shopping around other insurance companies?
Dont worry jenp27 all car insurance are the same they will charge you depending on that 1 ticket that you have on yoru record and it will be an fing steep price for liablity crappy coverage! don't bother shopping around just to save pennies! ive shopped around and they are all the same. my advise don't get car insurance because in the end its a scam at a high price and they will not even protect you in the end. look it up into it.
depends on the car you drive
Your credit score plays a part in your rate too, my wife is an insurance agent and as I’ve applied Beat the Bush’s ideas and our credit increases our rate has gone down
Your age, driving record and car model are probably the biggest factors. When I was a kid I had a lot of Camaros..and Cavaliers...you would think a Camaro would be more expensive...nope the cavalier was because of crash test ratings........I assume lol.
Unfortunately a lot of what he is saying in this video is not true! I personally had Geico and had to cancel it because my insurance kept going up after keeping a clean driving record and have most of the options he talks about in this video and nothing lowered my insurance premium❗
If i own a mutual fund that in turn holds Berkshire Hathaway can i claim the affiliate discount?
When you own enough shares to have voting rights, you get letters inviting you to meetings and such. If you have s&p500, you don't get letters from all those companies. You buy shares of the mutual fund, not of the companies.
yeah, looks like these offers are also regional i don't even have these discounts available after checking my online account.
Probably. A fraction of a share is still a share.
B shares of BRK does not have voting rights while A shares does. You can own B shares and still claim the affiliate discount.
actually you dont even need to own. Just call them and say you own Berkshire and how will you get the discount. They will give the discount right away. I got it that way.
It's been said but drivers of price
1. Newer cars are more and more expensive to fix. A simple bumper 10 years ago, now has cameras and sensors and must be replaced not repaired
2. Injury claims. People trying to cash in. Cars are safer yet more people claim to be hurt. The science says either our bodies have just become weaker or people are overstating their injuries for money
Hmmm... sometimes you can just pry the old electronics off and stick them on the new bumper. But maybe they wont sell just the bumper.
Just curious, what bike do you have?
That will be a mystery for now. =D
A large part of your rate is also based on your credit score. Additionally, insurance is regulated bt the state you are in and not federal so this means many things are not offered in all the states. For instance, in the state of PA where I am a licensed insurance agent defensive driver discount is primarily only offered to the 55 or older folks. Also because rating factors per person are never identical from person to person two people will almost never have the same rate. He is always good to speak with an agent or your insurance carrier to go over and get a few review to make sure you are getting all the discounts that are offered.
Mine is $160/month for basic liability. Guess I'm a pretty shitty driver.
It depends on a lot of factors though.
Same!! But keep in mind they do take your credit score into acount
amazing video because in the event of an accident the money you have been saving can easily be applied to the purchase of another Porsche for a very reasonable price tag
I have a question: Is it a one time thing that you do in order to qualify for a discount when you buy a share from one of the membership affiliation groups?
Yes, it's one time.
BeatTheBush thanks
You are So Lucky, insurance is insane here in NY i live in one of the 5 Boros, Flo just quoted me $450 a month for liability, I am going to stick with the Lizard for around $200 a month with a clean driving record never in a accident ever not even a seatbelt ticket I've been driving for 16 yrs
+BeatTheBush I live in the state of Michigan, which BTW is the state with the highest car insurance rates. My agent from my insurance company, says, there are no additional discounts offered. You got a nice video, however, Michiganders are stuck with the highest insurance rates. Is there anything you like to add to this?
Who is your provider. You might want to do research outside of asking your agent as they do not get an incentive for doing so.
AAA. I have asked other insurance companies about the rates. Believe it or not, they are more expensive than AAA, based on my profile!
Yeah not a single insurance company will be best for all people. Some have lower rates for certain people so you never know. Sometimes you have to specifically ask for a certain discount, sorta like a secret hand shake.
The problem is I have already milked out all the possible discounts, with the exception of the seat belt discount. I will ask for that, later on, and see if I can get that discount. I'll let you know!
You can only squeeze is so far and when you cannot, maybe there are a few more tricks still. Then you can stop, lol.
When I called up Geico to find out about the airbag and self belt I was told that it's included in the safety features and it's different in all states.. Still the savings we got when we stitched to Geico from Liberty
Huh, makes sense different states have different insurance laws. Glad you're able to get a lower rate. It's generally good to just compare 3-4 places if you have the time. I think I did 3 place before settling on Geico.
this is impossible in nyc
Not sure if its that much higher there. Just make sure you get all the discounts or raise deductibles as you see fit.
If you own a car in nyc, you are missing the point of frugality and saving.
@@BeatTheBush it is indeed, the average 6 month premium is $150-350. Lower than $100 is an outlier
thank you for your video, i just finished my month testing, and they offered me $36 bucks a month as well. was very happy to see such a cheap price. so thank you cause i seen this video and downloaded the app.
My six month payment is $206.00 and I've been convicted of 3 DUI's over the last 16 years. And I'm being completely serious.
Lol what
What state are you in. That is sweet
How do you do that?!
No fucking way. Hook me up tell me how
Bro I have 2 accidents and I'm paying $245 for full coverage for a 2008 acuda tl. I got no DUIs, haha damn.
I can't find a jallopie to buy right now to save on insurance until I build my credit back up.
Pretty self explanatory: good driving record+ only liability + not covered for uninsured motorist= cheap insurance. Geico maybe the lowest for you but with the way you have your insurance set up I'm sure your insurance would be low with anybody. Only suggestion I have is I was in the car business for years and Geico was generally not the least expensive insurance out there so you even though you have a great price you may still be able to get it lower.
The cheapest insurance for any given person may be at a different company so you really have to compare rates. I have compared 3 different places so far and stopped there at Geico. At least half a dozen have reported getting cheaper rates switching to geico in this comment section.
Geico offered me $600+ a month
Progressive offered a quote of $800
And e-surance gave the most wtf price of $1300 a month for a base model Kia. WTF??
No accidents and no risky history. Explain that!
same here, I think it cause I'm black lol
@@brianwynn10 what the fuck, for real?
Thank you sm. I did the math on mine (progressive) and it is FIVE HUNDRED a MONTH. I did have a small at-fault (I live in FL and I rear ended a guy who braked suddenly) but 3000 per 6 months? What the fuck.
Yeah, $6,000 a year.
The main factor insurance is either going to be cheaper or more expensive for you is obviously your credit score. Since they take that as like 80% of what they factor in creating your insurance quote. It’s more likely that someone with poor credit would file a claim over someone with good credit because they’ll most likely pay for damages instead of filing a claim.
I was driving my car when I had a permit and I was about to get my license. This woman that was talking on the phone didnt take her stop sign and crushed the car I saved up for. Later on the police said its my fault cause i didnt have license. In reality I did everything right. Now I pay 325 each month for car insurance. I always wish that bitch the worst cause she did me dirty. But thank you helps alot.
Having a permit is considered a licence I think. Fault shouldn't be determined by what license you have but on the situation. Sometimes, the determination is based on what you do or say at the accident site. So without experience, you could get yourself into trouble even when it isn't your fault.
So she ran a stop sign? Sue her.
That cop deserves hell too
I pay $35 per month with just liability. I recently got full coverage & I pay $43 per month. With Progressive insurance
Which insurance company? Thanks in advance.
I pay 74 a month just for liability in california. I have been driving for almost 3 years, with one speeding ticket 2 years ago, 1 parking violation of less than $60 2 years ago. but I have a insurance gap ,cuz I cancelled my car insurance while I was deployed. I have USAA 😕
how can I bring mine down? I have 2006 corolla paid off, credit score of 794 equifax
You can try the methods I outlined in this video or another video I did a while back here: ruclips.net/video/xNpoIARLHUI/видео.html
BeatTheBush thank you. . I will try that
I hate USAA
I notice with them they pay just enough on min. Payment to have some role over into next renewal cycle. They charge about 450 for the renewal. I am about to snip that little interest carry over I am just glad I caught it.
Stumbled upon your channel, and bang. Loved the video and subscribed. Definitely looking forward to see the latest updates too.
So, he's lying about Discounts he doesn't truly qualify for. He's also in CA - the Good Driver Discount is a CA discount and is lost with certain driving activities. Also, CA is based on mileage -- which he is likely lying about how much he's driving and zip code which is not his actually garaging zip code. To truly get a real low rate legitimate, there is a formula for being preferred and he isn't even close to the real factors
if i only buy inexpensive used cars, then liability is all i need? i could just buy another car for what is probably a years premiums
1:35 FALSE. you have a scooter
Did you ever get the extra discount for the (1) Anti lock brake system & (2) Anti thef .
I did it BY THE Grace of God🙏AMEN AND AMEN
=D
I live in Florida, Insurance here is crazy High. I spend 200 per month for ok coverage on my 2 personal vehicles, and another 400 per month for commercial auto insurance on an older box truck(1 million dollar required coverage). Ive shopped around and used every discount I can.
$37 per month is not low sorry if you said $19 a month for liability that would be low, but $37 is not fing low! Oh f gieco lol they charged me * were charing me $71 per MONTH on fing liability which I did pay in FULL! Why! Why were they charging me for liability $71 ? um ... lets see what happens when you are in an accident! I have air bag, anti-theft system, 5 year no accident, seat belt use, anti lock brake system, and ON TOP OF THAT SHT I have a 22 year old car! So fing tell
me how this institues a $71 per fing month of car insuracne for liability and fing low coverage!
The cost really depends on your driving history and the car and mileage you do every year. Plus other things too.
Do you even understand the cost of insurance in other states? I live in Detroit Michigan, it costs us around 300-400 a month just for liability insurance for a 20 year old car... we would all be jumping for joy to even pay $100 a month..
He drives a Porsche, that is very low in California for the type of car he drives.
@@mamabear1088 you're a dumb ass if youre paying 300 a month for liability 😂
37 dollars is low to me, in new york I pay 150 per car a month so that's low. try living in new york lol. and that 150 per car not even full coverage lol I'm 40yrs old no accidents,with driving classes. so go figure. lmfao
2021 Porshe Boxter w/ liability only? Then I heard motorcycle insurance. It all made sense. Homeboy got cajones
So you're a rich kid. Congratulations.
jealous losers.
My problem is, is there a downside to having lower insurance. Like is there an hidden fee you'll have to pay sometime? Or something might come up?
The discounts only apply in certain states
I reduced my car insurance rate from 201$ to 178$ per month..by increasing the deductible with geico insurance. Maybe it’s because I’m in California and my car is new- this May be why it’s so high but I am thankful to decrease it by 20$ per month
You get what you pay for. Higher deductible means you have to pay more when something happens. If things happen very rarely then you win.
I want to thank you for some very helpful information. I was able to add a discount with my geico that I didn’t know it was available to me. I was able to get additional ~$150 discount every 6 month. Wife works for university and it qualifies for a discount. Before discount I was at $3085 for 7 cars. So thank you again!!!!
HA HA HA HA!!! NICE NICE NICE! Wait.... 7 cars!?!? Ahhh, I guess you really enjoy cars and those registration fees must add up.
We are in a big family plan in a way. Mom/Dad and brother are all in it, we just pay our portion.
Ahhh no wonder, but glad you saved so much! =D
Okay a few tips here to get the most for your insurance dollar.
Increasing PD to 100,000 is likely only a few dollars more and its easy to do more than 50,000 in damage if you hit something other than a vehicle or found at fault in a multi-vehicle collision.
Next, see how relatively cheap Uninsured/Underinsured coverage is? That coverage is for your bodily injury. Why would you carry more coverage for BI to others than you do to protect yourself and your passengers. Look out for #1. It’s a very nominal amount of premium to bump that up to match your BI. 13% of vehicles on the road have no insurance. You live in a sanctuary state with a lot of undocumented folks. That stat is likely higher in CA.
If you have a lien or your vehicle is a lease you may be required by that contact to carry comp & collision as well as minimum 100/300/100.
And FYI California is a state that is very strict about negligence. The more coverage, the better. I would bump up those limits BECAUSE you live in CA.
I'm paying $235 a month on geico for full coverage, but i think I can get a better quote
Liberty insurance offers a comparable rate to this, though you're not getting collision coverage.
Does Geico still issue a discount if you’re holding Berkshire Hathaway within a 401k fund?
If you drive to work in CA, I recommend full coverage due to heavy traffic and frustrated people who just want to get home but can’t. You can still apply discounts. Car repairs are far more then a ton of home repair costs. It’s good for legal reasons too. In a worse case scenario there could otherwise be lawsuits. Thanks for your videos though.
Listeners Paradise just dont be a shitty driver? Seriously you pay insurance in case you fuck up, so don't fuck up. Also insurance companies dont pay your car repair bills, you could pay thousands of dollars for a theoretical accident that never happens, but when your car needs a repair, thats on you not insurance. Insurance is bullshit and thrives off our fear.
Defense Driving Class and Driver's Ed only applies to older drivers (over 65)
Antilock Brake, airbag, and seat belt use is all looked at through the good driver policy, as well as your VIN number.
Multipolicy discounts are applied if you have extra liability, which needs higher limits
The only one out of all of these I might be able to add is the membership affiliate by buying shares of Geico's owner company, but the Geico representative on the phone did not want to confirm I would actually get the discount. He said "more than likely" as long as youre affiliated, "they'll look into it."
That's the info I got from bringing this info from the video by directly calling Geico.
Ha ha... you just have to have it and get it added. Interesting how they will not give you a straight answer.
I’ll try your company I’m not having any luck finding affordable full coverage. These big companies want me to pay more than my car payment 😒 And this is me with just one ticket at 26 years old.
This guy is every insurance companies WET dream. His credit score which matters most is most likely impeccable also.
i just heard that a person with excellent credit and a DUI will pay less or have no increase in insurance then someone who has fair/good credit with no accidents or tickets etc.
Yeah.. .they just collect a fee from me without me costing them money.
My insurance is 800 a month wtf I hate life, I drive a 2018 Nissan
Mann i drive a 1996 car pay 300$🥲💀
@@prod.gregupnext2958 🤦🤦 bruh get a couple quotes and the lowest bidder wins. You'll save thousands of dollars
Damn bro how many tickets you got? Lol