Has your Car Insurance Renewal gone through the roof? let's help.

Can you save on Car Insurance with these money-saving tips

In this one we look at the rising costs of car insurance and what we can do to potentially save money whilst also ensuring we stay honest.

Car insurance premiums have seen huge increases this year so let's examine what you should be looking at to potentially try and save a few quid. Cheap car insurance may be a thing of the past but we don't want to be paying any more than we need to.

Never buy insurance or take advice from a non-FCA authorised entity. If it looks too good to be true, it probably is.

00:00 Intro & Background
00:52 Be Honest / Changing Details
02:10 Shopping Around
03:45 Avoid Monthly Payments
04:11 Excess Options
05:08 Additional Drivers
05:57 Annual Mileage
06:34 Telematics
07:10 Occupation Details
08:34 Insurance Groups
09:27 Control Rising Costs
09:47 Summary & Outro

#carinsurance #finance

🚗🚗 𝙈𝙔 𝙇𝙄𝙉𝙆𝙎 🚗🚗

❤️ 𝘾𝙃𝘼𝙉𝙉𝙀𝙇 𝙎𝙋𝙊𝙉𝙎𝙊𝙍𝙎 ❤️

🔥🔥 𝘼𝙁𝙁𝙄𝙇𝙄𝘼𝙏𝙀 𝙇𝙄𝙉𝙆𝙎 🔥🔥

Important : This channel tries to deliver honest advice for real people. Remember that I am not a financial advisor or car finance professional and am therefore not qualified to give any kind of financial advice, views shown here are purely my own but you must make your own financial decisions. Always seek professional advice before entering a finance arrangement of any kind and seriously consider your financial position and the long-term affordability of any deal that you may enter into.

All music used in this video is written, recorded, and produced by me.

𝙋𝙡𝙚𝙖𝙨𝙚 𝙡𝙞𝙠𝙚 𝙖𝙣𝙙 𝙨𝙪𝙗𝙨𝙘𝙧𝙞𝙗𝙚! ;)

[garhun]

50% increase for me this year. Even the comparison sites were only good for 20 quid or so. Everyone is on the bandwagon an there is nothing we can do about it.

[alanfurness]

Great little video with plenty of good info and a company I have not come across before. Thanks Jim.

[alanthomson]

I’m 69 years old and drive an ND MX5, my premium rocketed to £175 so I decided to get my kids on it, they are 24 and 26 with no claims of their own, cheapest quote was £ 2269 . 00

[alanmachin]

You are spot on, I have received my renewal notice for my BMW I4 M50 and it is £852.17 with the AA, I paid £353.09 last year. Compere the Market came up with best price of £720 with Admiral who I won't use and will probably use SAGA for £762.25. I already have a Saab convertible insured with them and will ask for a discount. My insurance for a Mercedes A45 is due on the 16th November and I only paid £281.91 with L.V. last year . I will try quote zone. Thanks Alan.

[TheBendalina]

I can’t help feeling that my increase of 50% is partly down to new car prices going mental and silly hybrid and electric cars being costly to repair.
That’s not fair when I have a 8 year old diesel

[terryneilbooth]

Thanks for the info. I was wondering why recent renewal quote had gone up by £120 this year. I couldn’t understand when I tried to get quote on a much newer and higher spec car I’m try thinking on buying came out cheaper than my existing car - All a bit bizarre.

[shaunm]

Hi Jim I would love to know your background - I find you very down to earth and love your approach - one of those blokes who will always be successful - because you're a grafter - (takes one to know one - 71 years old and still working! 🤣

[richyclubsport]

Yep, they certainly have gotten crazy, i was at my broker this morning, questioning my renewal, he said huge rises across the board, i did have a search elsewhere, but couldn't find a better deal anywhere than my broker offered with my existing company

[SilverShamrock]

Just checked mine and it's exactly the same as it was 6 months ago (fingers crossed nothing changes in the next 6 months and I increased the voluntary excess, plus I've moved to Oxfordshire from London)

[leeholden]

When I got our first car in March 2022 after passing my test in 11/2021 aged 53 for a £3k 2003 2.0 petrol auto Honda CR-V insurance group 28 it cost me £949 fully comp (with elephant) This year after comparing the market I got it this year for £830 with 1 year no claims with Aviva Zero (inc RAC National breakdown where it takes you home and drops your car off at designated garage anywhere in U.K.) This year has been very hectic and we racked up a lot of miles (only put down 10k on the policy) so we rung Aviva up and asked how much for an extra 2k miles and they said £13. Wow, I was half expecting a three figure sum 😂 But we’re looking at a newer car like the Lexus CT200 mainly because of the great MPG and £0 road tax, but on completing a quote it said £1, 400 was the cheapest. Think I’ll try again closer to my renewal but it does seem anything like a EV or Hybrid insurance companies are banging the prices up or is it the cost of the car?

[itsharvey]

Great content. What’s your thoughts on excess insurance, is it worth it?

[DarylMT]

When I got my renewal I would have been disappointed with a 100% increase so you can imagine how I felt with I saw that it was 186% higher than the previous year! £1500 to £2800. How can that ever be justified?! By some magic stroke of luck I kept checking every day and when the time came I needed to bite the bullet I got it for £1700. But i'm still at a loss as to how a 186% increase can be justified.

[diydetail]

Hi Jim first of all i would like to thank you watched a lot of your videos decided to go for a lease car on a 2 year lease however my son (new driver) is starting a job in November age 23 the lead time for the car we have chosen the delivery could be december 23 or january 24. tried looking at to find a car hire for age under 25 with no joy. So will need to find a stop gap, are there any short term leases out there? also the car needs to be and auto and less than 10 years old for the new job he has got. thanks again

[radoatanasov]

Amazing info as always Jim, I am interested to know if you have any other or different advice for non-UK residents specifically with an EU driver's license?

[williamfence]

Shift work is a strange one on the policy. I can work days some weeks or nights other weeks . When answering where is the vehicle kept at night I can't put " it depends". When i asked the insurer they replied " where is it usually? . Not really helping. I put home as throughout the year it's probably 60:40. Don't know how I'd stand if it gets Nicked when I'm on a night shift at work.

[VintageLynx]

Just had my renewal through. Honestly I was shaking a bit opening the envelope...but amazingly only gone up 70 pence. From £131 to £131.70 fully comprehensive. Skoda Estelle. Perhaps insurance agencies have 'been told' by someone? I was shocked for sure.

[peterlloyd]

Be careful with multi car policies. Be aware that usually if one of the cars is involved in a fault claim then all the cars are clobbered with a premium weighting. My wife's car was hit by a driver coming round a bend over the centre white line and they did not stop. So as annoying as it was that's a fault claim but we had a multi car policy and they loaded the premium for the policy across all the cars we had, upon renewal premium quoted. So I terminated and insured each car separately to stop this should such a circumstance occur in the future. So a multi car policy discount of 5 or 10% sounds good but can backfire.

[badmacdonald]

im a new driver 1 year. i paid 843 quid when i first had the car the second year they wanted 3400 quid. i got hastings for 930 they did fone a week later doing a check as you said i had changed my information but they were fine. but FFS i was shocked by the 3400 quid my cars not worth that. both were telematic which i dont mind.

[jayjay]

Silly question Just wondering thinking of buying a bmw 118d its a detuned 120d same engine so thinking of getting mapped to back to where it normally would be still tell the insurance if i do this?

[Joe-lbqn]

I will never use Admiral again. Several years ago i had protected NC. After a small accident (me reversing into a pole) wuth about £500 worth of damage my policy went up about 3x next time. Despite the fact my NC was supposedly "protected". I went to another insurer and went back to something in the region of what my Admiral quote had previously been.
Ive seen comments elsewhere about having a very large excess insurance, say going from £300 to £2000 and then buying seperate specialist excess insurance which is much cheaper. Any thoughts on that?