You should have switch your insurance from “on road” to “storage”. That’s what I did. This way, you stay insured for damages, fire and theft at 1/10 of the original cost.

@BeatTheBush

4 жыл бұрын

Good point. I could do that instead. They have an option of 'going on vacation' or putting things on pause rather than cancel.

@justine5804

4 жыл бұрын

Will DMV still send you a letter for this thou?

@Zzyyzzxx7

4 жыл бұрын

The DMV will not gripe about this. The vehicle still has coverage so there’s no lapse.

@catcherstern732

4 жыл бұрын

I put mine as Storage and also got a letter from the DMV

@1943vermork

4 жыл бұрын

BeatTheBush Take note that I also put my car registration in “storage” which more or less means that I still have the ownership but not allowed to drive. I own two collection cars and don’t really need them. The money saved is around 1000$ a year for me. 99% of my transportation needs are fulfilled with my bicycle. The registration bureau is also nearby if a road trip becomes unavoidable.

People need to start a political movement to break the unrealistic extortion practice of insurance companies.

@BeatTheBush

2 жыл бұрын

If you have $50k cash you can not have insurance. Ouch.

This is why car insurance mandates should be abolished . Its nothing but a scam

Since I am a licensed insurance agent in the state of California - I can vouch for this. 1. When you cancel any insurance that requires you to register with the DMV, the insurance company is required by state laws to report that cancelation. Even if you switch companies. There's no getting around it. It's checks and balance in states with mandatory liability insurance. 2. When you cancel your insurance and there's a lien on the home/auto/boat/motorcycle/etc... we also inform your bank/finance company. Your bank/finance company can choose to give you x number of days to get new coverage.... or they just "force insurance" on you. This is never the best situation for anyone consumer, as forced insurance only protects the bank/lien holder. 3. If you are trying to "save" on auto/home/boat / etc insurance...just raise your deductibles higher. People with higher deductibles always get better rates...without sacrificing coverage and options. The lower the deductible, the higher premium. How often are you planning to use your insurance? 4. If you register the vehicle/boat/scooter/etc...as "non-operative" you don't need insurance. That's how you really avoid the DMV piercing eyes. Earl

@MacMilly707

4 жыл бұрын

Good information. Thanks.

@kauigirl808

3 жыл бұрын

I paid the PNO. Not driving during this pandemic.

@Reaction_60

2 жыл бұрын

What if my cancellation and switch to a new company is followed by a charge of over $400 from the old insurance company? I'm not clear on why I must pay this amount to the old company.

Previous video: I gotta stop being cheap This video: I canceled my insurance Next video: I sold my home and now living in my car which doesn't have insurance.

@jzen1455

4 жыл бұрын

Next next video: Check out the Tesla Cyber Truck (with premium package) I just bought to live in!

@thaaffguy

3 жыл бұрын

Better then a reality show. Oh wait this is real.

Insurance feels like your paying into nothing until something happens!

@BeatTheBush

4 жыл бұрын

Probably.

@MR-kt1vx

4 жыл бұрын

Exactly and even when something happens, they don’t help all they much

@kingkang6877

4 жыл бұрын

@@MR-kt1vx 100%

@dsteward85

Жыл бұрын

You shouldn't even have to pay anything for it imo if you have never had any accidents or speeding/traffic offenses. Had a driver's license here in oregon since I was 17 years old. I never had any tickets or accidents. I have been pulled over a couple times in the past, once for a tinted license plate cover and the other time for an out brake light. I was honest and I never got a ticket just warned. Also, I miss the days when you could cancel your policy instantly on their website without having to call/email/live chat them.

Before you do this, please check if it affects a multiline policy. Sometimes if you cancel car insurance, it can increase your home insurance. I’d rather just raise the deductible to save money

@rossmacintosh5652

4 жыл бұрын

That's an important point Serby! It might well be that if his home burned down now the homeowner's policy wouldn't cover the Tesla.

@BeatTheBush

4 жыл бұрын

Good idea. If you have multiple policies, you wont get multi policy discount anymore.

@rossmacintosh5652

4 жыл бұрын

@@BeatTheBush My insurance company also gives a 'Loyalty Discount' for customers who stick with them for years. It's basically an incentive to not shop around for a better premium.

One thing I know about all the insurance types, when you have you don't need it and when you don't have it you do need it. Best to find something reasonable and have peace of mind. Peace of mind is priceless.

@BeatTheBush

4 жыл бұрын

=D At least it's back on and I don't plan to cancel it again any time soon.

@Comesailaway

4 жыл бұрын

@@BeatTheBush You can reduce coverage rather than cancel.

@kenwu7

3 жыл бұрын

Fatter wallet by opting out of that whole scam is even more priceless. Save your premiums, pay yourself and hire a good lawyer the day you need one. You'll still come out ahead lol

Insurance is a scam.

@MochaZilla

4 жыл бұрын

Yup. Great business model if you want to leverage other peoples money and invest.

@BeatTheBush

4 жыл бұрын

They make money overall but it does protect you from low probability events.

@piplupsuper0

4 жыл бұрын

Yep honestly, it's them being able to pay lobbyist aswell, the entire Automobile industry is the most scummiest industry in all of america, i honestly despise them out of any other industry due to how friggin greedy they are!

@Febreezy

4 жыл бұрын

Health insurance in America is atrocious

@MrDiplomatSwag

4 жыл бұрын

kingofallcrypto eh depends on your situation if it got better or worse.

When I lived in Rhode Island my insurance premium with progressive for my used Nissan Quest was $37 / month. Then I moved to Florida and when I got my registration switched it was $129/ month. At the time I was 55 years old and never had an accident, had a perfect driving record and drove an average of less than 2000 miles per year living close to work in both cases. My income dropped dramatically and for the first time in my life I was late with a payment on my insurance. I was 6 days late. When I went to pay I discovered they had A) canceled my insurance for "non payment" and B) informed me that to get reinstated I would have to agree to pay $189 a month. My annual bill was now more than my vehicle was worth and I had a stripped down plan with a $1500 deductible also exceeding the value of my vehicle. In Florida if your insurance is canceled you have 30 days to turn in your plates and cancel your registration or they suspend your license. So I needed the car and agreed to pay. But then I lost my new job because the business was bought out by someone who intended to shut it down to eliminate their competition. Thus making it impossible to pay on time. I called them and said I would be a few days late with my payment due to a job loss. They told me that if I was late my rate would go up to $269 a month. I didn't have the money and $269 was more than I could pay so I canceled my insurance and sold the car, canceled the registration and turned in the plates. I then got a bill for the balance of the payments (six month plan) and at a new rate of $342 a month x the 5 months balance coming to $1710. Two years later I got a much better job that paid a lot more. I researched and just to see what my insurance would be I applied for insurance with them again using my old car's vin number just to get a quote and the quote was $473 a month. I called the company to find out why so much and they said it was due to my canceling my insurance. I told them I had sold the car and they said I should have stayed with them for my new vehicle. I explained that I didn't have a vehicle and had not for two years and they informed me that was a big mistake and then they informed me that I could not be their customer because I had racked up too many "points" whatever that means. So I called around and all the other insurance companies informed me that the reason they also had to charge me so much was due to the "points" I racked up with progressive. I don't know what the "points" are for since I have a perfect driving record. To my knowledge "points" are for moving violations which I have never had in the now 45 years I have been driving. I think these kind of policies are why A) I am the only person on my street with a driver's license and B) there are no car owners on my street. I am a safe driver so I should get good rates but the policy is if you don't pay on time your rate almost doubles and if you cancel you are penalized. My most recent quote was for $712 a month. Here in Florida the longer you go after canceling your insurance the higher your potential rates skyrocket to. I asked what happens if I got 10 years without owning a car they told me my rate would be in the five figures but didn't give me details. So I rent vehicles periodically as needed and buy the one day insurance for $10 which has a $500 deductible and I use a 49cc motor scooter which does not need insurance. When I spoke to our state rep about this they told me that car ownership was reserved for wealthy people and tourists. They didn't word it that way of course. They used politician rhetoric but it amounted to the same. obviously I'm not wealthy people. The highest rate I ever paid in Rhode island was $59 a month and I had two vehicles.

@kale4580

2 жыл бұрын

wow sorry that happened, it really can be a scam my industry

@km-lw2uc

Жыл бұрын

I'm having this issue and the stress it's giving to my system is awful

I love this video and your attitude. I wanted to watch this video to find out how to cancel my insurance for a year to go abroad again, but wow, you gave me so much more information than I imagined!

@BeatTheBush

3 жыл бұрын

You're welcome. You can... but it'll cost you more when you get back.

When you take insurance off a vehicle, you're supposed to put the vehicle as Non Operation(can be done via phone or electronic) with the DMV if you just plan to keep it and not sell or junk it. Otherwise the DMV fines you. You won't have any sort of fees if you reinstate the vehicle months later if you are still in the same registration period.

"i cancled my scooter insurance" i didn't know that was a thing.

@BeatTheBush

4 жыл бұрын

It's can go 55mph so it requires insurance.

@turduckengaming1594

4 жыл бұрын

In California, if the scooter can reach speeds greater than 17mph, an M2 license is needed and insurance in that case, if it's displacement is greater than 50cc, a Motorcycle M1 license is required to use it, along with insurance.

@morthim

4 жыл бұрын

@@turduckengaming1594 well the california dmv site is either down or being ddosed. so question, do bicycles require drivers licenses in california? they have median travel speed of about 25mph. also if you know, does this apply to motorized skateboards, and electric vehicles?

@cashmonyz

4 жыл бұрын

TurDuckenGaming that’s so dumb

@turduckengaming1594

4 жыл бұрын

​@@morthimFrom when you replied to me, DMV's are open in California mate. They've been opened for 2 weeks now and ongoing. Though prior to that, many things could be done via the website. I had dropped off a car at Pick N Pull a month ago, was able to do the release via the website without any trouble, though a lot more reading than I'd have liked😅. As for the Bicycles, If it's not motorized and you reach 25+ mph via human power, you're fine. Now if it's an Electric or gas Skateboard, ATV, Dirtbike, etc that can go 25+ MPH from the manufacturer, Those are generally listed and sold as "For use on private property or not on public roads" when sold in public retail stores. If it's online, well the responsibility of knowing these things in advanced falls on the buyer as not all states have those mandates(ie: Indiana - all that shit's legal for use any time, anywhere and no helmets required, at least that's how it was when I was living there in 2001 - 2007.) Back to the topic of the motorized 25+mph, That also means no public side walks either, but privately owned lots and roads are fine given you are the owner of said lot. For example a private owned roads would either be property you own or if you live in an HOA residence and the HOA allows use of those vehicles on their lot. the police can't do anything to you while on the HOA's grounds. However if you leave their lot, the law can get after you. Also if you're wondering about Bicycles with motors on them, generally most motors are sold with a label saying Private property or Not for Public roads. Naturally if you do the old school stuff of taking a lawn mower/weed wacker motor and strapping that onto a bicycle, well it should be obvious that if a cop happens to see you and they aren't having a great week, you're going to get it taken from you if you can't outrun them and you'll more than likely be detained and fined for operating a vehicle that is prohibited on public roads. A License won't do you any good for that vehicle because it can't be registered or insured anyway.

I've always wondered about this! Before the pandemic I used to routinely spend 1-1.5 months overseas! I'd check out of my apartment but hate how my bills especially car insurance and any parking fees continue to run back home. Next up, how do you rent out your car for a month or two while away.

When you buying back into the market?

@thomasnandola794

4 жыл бұрын

He’s probably waiting for a correction

Love your stuff bro. Great insight that most overlook

this seems like a lot of hassle and opens you up to random liability issues (car stolen, fire). What happens if you need to use the car in an emergency?

@7motion985

4 жыл бұрын

I was thinking about that, I leave in Miami so because flooding and hurricane season you must have insurance at all times, and in Fl if there is hurricane warning you CAN NOT sign in for insurance you have to wait until passed or enroll in you insurance when there is no warning ⚠️

@dauntiekay2768

4 жыл бұрын

Good point!

@BeatTheBush

4 жыл бұрын

Probably. I tested it so you don't have to.

@MarceloBornscheuer

4 жыл бұрын

@@BeatTheBush you tested the paperwork, etc, but you didn't test the "need to use the car [or scooter] in an emergency, without car/scooter insurance" scenario. And the suggestion of doing the same that you would do if you hadn't a car/scooter doesn't make sense, because you DO HAVE them.

@ThePeterDislikeShow

2 жыл бұрын

@@MarceloBornscheuer People who don't have a vehicle have all sorts of emergencies too. How does that not make sense? You call an uber or depending on the nature of the emergency you go without.

With every company I’ve used so far in the US you can also do “storage insurance” which is below liability. It protects from fire/flood/theft but you have no liability coverage to be on the road. Works great when you have a small collection of cars and if you want to reinstate one, it only takes around 24h. Thing is some companies (👀 geico) want you to keep at least one vehicle on liability. Personally I’ve seen ranges of $70-100+ drop to under $20 utilizing storage insurance.

To me time is money. All the time you wasted, calling insurance, not being able to drive anywhere, dealing with the state, dealing with then reinstating the insurance. All of that time wasted is not worth the savings to me. I respect the hell out of ya, but most of the hoops you jump through, I could never do because I won't commit the time to do them. Money is meant to work for you, saving time is one of those ways.

Why not purchase a 4 year old car in good condition, with the steepest part of its depreciation over. Drop full coverage auto insurance, and drive it only when necessary. Property tax is lower at registration time too. This Tesla purchase is an anathema to everything you preach about frugality. And, now it sits idle.

@zcharg0

4 жыл бұрын

Should have bought a nice 8-10 year old Camry instead. Much nicer cars imo

Awesome video! The problem with not having insurance for a period of time is when you reinstate it, you will typically pay a higher rate. It cancels out whatever savings you might have had otherwise. I made the mistake of not being insured for a month in which I did not have a car. When I tried to get back on insurance, my rates were considerably up.

@BeatTheBush

4 жыл бұрын

Didn't you watch the video? I covered this and how much it went up for me.

@StockInvestmentAnalysis

4 жыл бұрын

BeatTheBush I was agreeing and sharing my similar experience!

Isn't there a storage insurance that only has comprehensive?

I cancelled my insurance too. Why pay for something that I am not going to use. This lockdown is going to last til next year.

@BeatTheBush

4 жыл бұрын

Like others said, the down side is if something happens to the car while garaged.

@techboomie

4 жыл бұрын

BeatTheBush ain’t nothing going to happen unless the looters come into my house.

@BoqPrecision

3 жыл бұрын

January 9 2021... still locked down. I should have followed your lead

Good video, thanks. The time I cancelled my insurance is because I shop around for the better price. I also did not renewed my insurance in 20 days past expiration because I knew I was not going to use my car during that time. 20 days of no insurance saved me $26.60

You are hilarious!! Thank you for sharing your experiences.

@BeatTheBush

4 жыл бұрын

=D Thank you!

Did your car insurance go up $10 per month after re-instating? Or did it only go up $10 for a 6 month period?

I thought this is a ballsy move but too much of a headache to deal with after 🤔.

@StockInvestmentAnalysis

4 жыл бұрын

Yeah, that headache and paperwork and stuff is what I would be worried about.

@BeatTheBush

4 жыл бұрын

Think of it as me doing it for entertainment purposes.

@StockInvestmentAnalysis

4 жыл бұрын

@@BeatTheBush we appreciate the entertainment!

@miendu571

4 жыл бұрын

@@BeatTheBush Hmmm.. not sure.. you are just cheap and wanted to save money.

It's just a case of not knowing that you should have put the vehicle as Non-Op status with the DMV when you took the insurance off. And since you didn't do that, well some stress ensued. Lesson learned hopefully.

Hey are you going to make a video on “Credit Suisse AG Announces Its Intent To Delist And Suspend Further Issuances Of Its VelocityShares™ ETNs” (including tvix) ?

sound like u have too much free time

@BeatTheBush

4 жыл бұрын

I do enjoy my free time doing whatever I please.

@johnnylee8194

4 жыл бұрын

@@BeatTheBush i like that you take all comments in good spirit :)

@prestigemediaagency2924

4 жыл бұрын

@@BeatTheBush Yup, free time is less stressful and more happiness. You will live a long healthy life, well beyond 100.

@prestigemediaagency2924

4 жыл бұрын

@cyberworld Sounds like a back-handed comment. Beatthebush deserves free time, he work and strategize his life to design one day to have more free time. Free time should not be a sin, it is pursuit worth striving to get to one day. Me, I am not there yet, but chipping away daily to get closer to it.

I’ve been reducing as well. So much stress relief.

@BeatTheBush

4 жыл бұрын

=D

@thecatnextdoor12

3 жыл бұрын

You’re everywhere.

If i check insurance of car again n again will it go up. If yes then when would it come down

You're supposed to tell the DMV that you are putting your car in storage and will not be using it. They change the status of your registration. I don't know if they give you any registration fees back?

Really hope the car and scooter was only worth a couple thousand where you could deal with them if they were stolen or damaged in another loss.

You can reduce your insurance without cancelling it fully, and then you won't have to deal with the DMV. I just called my insurance company and told them I was no longer driving to/from work, only using the car a couple times per week for groceries, and my insurance is now 20%+ cheaper until this situation is over. Then the car is still covered in case of theft and other stuff.

Sometimes life is just a live and learn experience. Great video and something to think about!

@BeatTheBush

4 жыл бұрын

=D

What happens if the car is damaged in the garage, stolen, catches on fire? Its uninsured.

@mariechulis

4 жыл бұрын

That's correct.

@BeatTheBush

4 жыл бұрын

You get nothing.

@Pokemonguy16RS

4 жыл бұрын

Its a risk, it may happen or may never. Got to take risks...

Some states (NY and MA) require you cancel your license plates BEFORE you cancel your insurance. New York in particular will suspend your license and impose a per day fine for every day you had no insurance. And yes, the insurance company will notify the DMV as soon as you cancel. Sometimes, there's an option to put a vehicle on storage coverage (great for motorcycles not used in the winter). They strip off all the coverage except what's called Comprehensive to cover if it's vandalized or stolen. You're required not to use the vehicle for at least thirty days, but you don't have to get a new insurance policy. You just update the coverage when you start driving it again.

This is an interesting topic, i'm glad you've made a video on it. The best part will be when you get your car insurance activated. A year ago i called USAA to let them know i would be selling my car and i would no longer need car insurance. The agent advised me i should get a non-driver insurance policy. I asked why i would want to pay for car insurance when i don't own a car. She responded that if I were ever to drive someone else's car and got in an accident then i would be covered. To that i asked, well, shouldn't the other guy have car insurance or at least the owner of the car i would be driving? To which she replied, yes, but just in case they didn't have insurance i would be covered. I told her it was such an unprobeable event that i was unwilling to pay a monthly fee for. Her next tactic was to warn me that when i did get a car in the future my premiums would be higher. I asked why. She said because there would have been a gap in my coverage. Which i agreed with her, but only because i didn't own a car during the noncoverage period. Not wanting to get into an argument with me, she said it was a common practice in the industry since insurance companies, by law, are not allowed to ask you about periods of noncoverage. Making sure i understood her correctly i asked if i could repeat what she had just said: You're telling me car insurance companies are not allowed to ask if i did not own a car during the period i didn't pay for car insurance, but they ARE allowed to charge me more!? Her response, "Yes".

@BeatTheBush

4 жыл бұрын

Lol... they want you to pay in any way possible. It's not too surprising is it? I have grown to never be surprised with these opaque tatics.

@Febreezy

4 жыл бұрын

... when I added a second person to my Geico car insurance, Geico asked about periods of no coverage on their vehicle

@bensequeira

4 жыл бұрын

Yeah this not true in NY. Prior policy history and the coverage limits are public information accessed by carrier quoting systems.

@johnnylee8194

4 жыл бұрын

capitalist countries have lot of uncivilized deceit hence lots of laws and then they call themselves civilized

Did you cancel the insurance on your skateboard as well?

You’re saying Geico actually saved you 15% on scooter insurance???

(California) About 5 years ago a friend couldn't pay his insurance and found out that DMV had cancelled his registration. The reinstatement fee was more than the non-op fee ($10). I needed to park a vehicle and called DMV about cancelling the insurance after I parked it and the clerk was surprised there was no provision in her system for doing that. About a week later I got a letter from Sacramento discribing the process that was now in the system. You pay the non-op fee first, then you cancel the insurance. My vehicle was parked for several years after that and I received notices as to how much it would cost to reregister. There were no fines, only smog and insurance requirements. I don't know what would happen if one tried to renew same year prior to the normal expiration of the tags. I don't know if DMV would want payment of full registration again halfway into the current year if the vehicle was non-op'd as opposed to "suspended".

Any advice on how to get a cheaper insurance for a financed 2018 honda civic that has full coverage with geico?

One thing people dont think about is if you lapse your insurance coverage long enough they restart your driving record. You may end up paying what new drivers pay when you get insurance again

I recommend never to cancel any insurance. Especially if you're on a lease or finance. Insurance is also for theft, vandalism etc. You'll be super screwed if your car gets stolen or seriously damaged. Insurance is not just for accidents.

@kauigirl808

3 жыл бұрын

Definitely for a nice car, keep insurance. But my car value is like 5k lol so ugh. Probably not worth it.

@okieg8960

3 жыл бұрын

My car caught fire and my insurance wouldn’t do shiiit. Then again I owned and payed off the car

@randyr.8536

3 жыл бұрын

What happens if I stopped paying insurance on a financed car ? Will they repo me ? Or only fuck me over when something happens

@Natures_Symmetry

3 жыл бұрын

@@randyr.8536 Seriously you're asking?! You'll have to pay full price for a car that will go to the junk yard. And pay for a new car.

@Natures_Symmetry

3 жыл бұрын

@@randyr.8536 Not to mentioned going broke paying medical bills if you get hurt.

You should have just delayed payments. Call them every month and delay, it's what I do. I just give them some sob story.

Have you tried Pretected? I have been seeing this ad showing up.

I cancelled mine too, mine is 280 per month, I’m unemployed right now

Just downloaded the app. I like to continue support your channel. Thank you.

@BeatTheBush

4 жыл бұрын

Thank you!

@BeatTheBush They just de-listed TVIX and a ton of other leveraged ETNs

thats what happen when he missed the rally

You explain things well

If you only pay $100 a month for insurance on a brand new Tesla, then that sounds pretty good. Is that for full coverage? Thanks

Will you do another VIX fund video? right now could be an ok buy and hold it for 1 or 2 days.

BeatTheBush is always the best with saving the bucks.

Smart as always!

How if i miss market rally? Tech is going up like crazy.. banks still have many red days.. what your suggestion? Should i buy gold to hedge?? Cmon still plenty of topics

Can you do an update video about what you recommend with California reopening and the cases spiking.

The whole experiment just creates life friction. Ugh! My state fines $25 for lapse of insurance, so that is a known cost, not to mention the hassle and time spent. How much did you say your time was worth (per hour)?

@kenwu7

3 жыл бұрын

What state?

If the bulk of people stopped paying. This trillion dollar scheme would have to change. Most of you have paid let's say at least 5-10k in insurance and you can't get ANY of that back. If you paid your premium to yourself you'd be way better off.

@lizi.2503

4 ай бұрын

There needs to be legislative change because us Americans are getting abused by insurance companies.

I paid the PNO fee to avoid buying insurance. Other wise I cannot renew my registration.

I let my car insurance with Geico run out. I pay my insurance in advance for the whole year. Geico cancels my insurance and sends me a bill for $18! Wtf is this for! I call them up and they say that's what I owe.......i'm like I payed in advance. "Well it says you owe $18" How can you owe, if you pay in full in advance! Geico can't tell me why I owe! I'm not paying. Now they are threatening to send it to collections!

@BeatTheBush

4 жыл бұрын

Surely there is a bill showing what this $18 charge is for. Sounds like maybe they extended the insurance for you when it expired perhaps?

@coochiecrook7120

4 жыл бұрын

@@BeatTheBush I'm not going to beat around the bush.....That's exactly what happened! How can they do that, without my permission? Fuck em i'm not paying I'll get a pizza or something

Hi well your ins is pretty good...when u were talking about your monthly expensives months ago and said u paid $93.00 a month including your new vehicle,thats a good price, I have a 10yr old regular compact vehicle and pay much more than that. I would never cancel my insurance except if i was selling or donating vehicle because the dmv would be notified quickly and it would be a mess Ive created,dmv will never give u a refund on anything and they canceled registration by mail last year...I was too thru when I had to do the 6hr physical wait to renew again and no more 4 years its every 2yrs now .its a pain. Good luck BTB!

But how do you get around without a car or a scooter? You still need to go to the supermarket to buy food

Here in Detroit MI, If we cancel our insurance for one day our rate will double.

I am purchasing a 2nd car so ,going to garage my SUV for 1-2 months do maintenance and save 100 bucks ! may be go 3 months IDK ! It is not using so why should we have to pay!!! Thx

800.00 for vehicle registration 👀...that’s insane! I pay 79.00 for my truck

@BeatTheBush

4 жыл бұрын

Sorry, I checked it's actually 280.

How do you feel about the stock market right now?

Insurance companies don’t trust us with money, yet we don’t trust them with our money. ...Why do we still pay for insurance?

@BeatTheBush

4 жыл бұрын

I think insurance for cars is a good idea if you actually drive it. It's great if you can get more payouts from it than you pay premiums but it's hard to predict if you're going to be in an accident.

@KeyboardSourceError

4 жыл бұрын

BeatTheBush thank you for your input! It’s also hard to predict the market, should we also get insurance for stocks too? Lol jk

yeah, but I don't drive period... what would happen if I didn't report my address tot he DMV?

I canceled allstate because of their rising rate. And got new insurance from a better carrier

@lizi.2503

4 ай бұрын

Who I know it isn’t GEICO

Hey, I like your videos, I saw somewhere that Tvix will be delisted on 12th of July, can you pls confirm if it is true? If yes, can you pls explain what does this mean? I am first time into stocks, and not sure what it means. I have some stake in tvix, and want to know what will happen if I don't sell my stocks before 12th July?

@BeatTheBush

4 жыл бұрын

That's what the news say. I have some predictions I am holding off until I make a video on it.

What happens if u cut back on food spending n shop at your neighbor's bins like that TLC lady? And y not just sell all the vehicles n bike? No insurance. No registration. No electricity.

@BeatTheBush

4 жыл бұрын

I actually like having electricity and never dumpster dived.

Can you talk about TVIX, I saw that they were delisting it?

@BeatTheBush

4 жыл бұрын

Thanks for the tip. I looked into it. It make me weary they are preparing for spikes in losses in this and the leveraged gold etn.

@sophienben-achour5450

4 жыл бұрын

BeatTheBush yeah me too! Would love to hear your thoughts on it though. How does it work... can we sell our TVIX up to the delisting date etc. Thanks!

I’d take a rental car for 2 days and do all the things within the two days. No rush with your car insurance in this case.

@dicksonfong2488

4 жыл бұрын

I do the exact same thing.

@BeatTheBush

4 жыл бұрын

Itching too much to get back in my car. I really like it.

I havent driven down to the city since march 19 (still working from home) & only have liability insurance. Feels like $ down the drain & we only got a $25 refund check! And gas tax is going up July 1st, like gas isnt high enough?!?

What if you cancel your insurance and your car is stolen during that time but still owe $30k? Only cancel insurance if you have a pos car/bike that you have no payment on and not care if it's stolen

California allows drivers to make $35,000 deposit and forego insurance. Of course, this is risky because state will use that money to compensate in case of accident . However, if you feel confident about your driving, by saving annual insurance premium (in your case about $1200), your return is 3.4% per year in insurance premium savings.

If you intend on driving your car without going to jail I'd recommend not being cheap in this area.

@BeatTheBush

4 жыл бұрын

I never drove it.

@crazybarryfam

4 жыл бұрын

@@BeatTheBush depending on state you might want to check the validity of your license and plates after this as well.

My wonderful insurance company......sent me a small check due to the fact that we didn't drive very much !

Former Licensed Insurance Rep here for NY, when you cancel auto insurance and a couple years down the line you try to get insurance again. That insurance history doesn't travel with you, so you will get a higher rate when you get insurance again. Your "Insurance score" plays a big part in your premium. The lower your credit, the higher risk rating you will have. Also let's say you buy a newer vehicle than your old 2004 Toyota, you would think your insurance would go down because it's safer, has more features etc. However, since you have all those nice little features your insurance will most likely go up since it costs more to repair and replace in the case of an accident. If your putting your vehicle in storage etc, call your insurance company instead of cancelling coverage. You would be pissed if your car got crushed by a tree or fire.

@lizi.2503

4 ай бұрын

So basically get a shitbox and drive it to the ground, own it in New Hampshire and only get coverage so you can pay other people’s car damage. Probably save over $15000 a year

So Geico basically ratted on you. I would not give them your business again. OMG did you just say you got rid of your Porsche Boxster 😭

This is interesting. I dropped insurance for two years and the cheapest insurance I could find more than DOUBLED for a year. Had no idea, and thought I was saving money. Yikes. Maybe it's because it was a much longer gap...

Here in UK, you can declare a SORN and reduce the road tax, also if you cancel insurance here you would lose your no claims bonus and end up paying more the following year.

@dave597

4 жыл бұрын

Why did you buy a Tesla if you can't drive it. In UK it's very unusual to pay insurance monthly, it's usually yearly, and it's never a consideration to cancel the insurance, when you just keep driving all the time. Even during lockdown I needed the car to go shopping.

Surprised you got model 3 performance, since not cost effective. Do you think it is worth it now?

@BeatTheBush

4 жыл бұрын

I'm glad you asked this. I LOVE my P3D. It is worth every penny. You'd have to pry it away from my cold dead hands before I let it go.

@denshaSai

4 жыл бұрын

@@BeatTheBush I'm thinking of buying, model y, you think awd is need? Not sure to wait for rwd

Try not to pay to your landlord it'll be fun.

That measure should be only for extreme cases due to the liabilities involved. In FL flooding and hurricane season is on So if is the case that I need that money to pay my electricity bill or the eat I understand. But thank you for sharing your experience ✅

@BeatTheBush

4 жыл бұрын

Ohhhhh.. you have a point there. We don't have flooding or hurricane here. But if the house falls on my car from earthquakes, I'd say that's a pretty random event.

Hi I have AAA however it’s getting hard to pay each month. I pay $105.00 for aaa home insurance and 223.19 for car insurance. I don’t know if I can handle paying my car insurance each month. I was going to try Geico? Not sure if it’s affordable. Thankyou for the advice. Stay well and safe 👍here in SoCal everything is going up. I am not making much income from my current job. I am renting however I still have to pay the yearly property tax

@johnstarks32

8 ай бұрын

$223 for auto insurance per month? For Just one car??

@lizi.2503

4 ай бұрын

Me neither just GEICO taking over $340 from me monthly

Can tell you improved the volume! Thanks

Happy to see BTB back to normal programming!

@BeatTheBush

4 жыл бұрын

Cheapo programming?

@simha3154

4 жыл бұрын

@@BeatTheBush I prefer 'Financially Efficient' :)

lol, the insurance lobby pretty much all states DMVs already to make sure you stay insured and keep paying premiums.

That's next level. Churning Scooter Insurance.

Didn’t you just do a video on being too cheap?

@BeatTheBush

4 жыл бұрын

So then I turned it on?

@threedogsandacamper503

4 жыл бұрын

captain khaos , well it seems like a lot of work and stress to save a relatively small amount of money. He also gave up the ability to use both his car and his scooter. The savings was small, but by his own admission, the hassle was significant.

@woshinwb

4 жыл бұрын

@@threedogsandacamper503 yeah but its an experiment, dont know till you try

There is a type of registration called the "PNO" with California DMV. Please look into that. Cancelling insurance without selling is not a good idea in CA. There is always a way to insure unused vehicles.

What if you have a hot date? You just roll up on a scooter? Man some people will do anything to save a buck. 🤦‍♂️

@sevarchy

4 жыл бұрын

money and love should be two separate things

Is there any video you mentioned why you pick beat the bush?

@BeatTheBush

4 жыл бұрын

Nope. When you start making videos with 0 videos, you had to make a name.

@wailing710

4 жыл бұрын

@@BeatTheBush Really? it's definitely a mystery how you come up this name! Good job you make it this far !

How could you own a model 3 performance and not drive it? Especially during the pandemic when the roads were empty. These few months reminded me when I got my drivers license as a sixteen year old. I live in the Bay Area also and traffic sucks.

@BeatTheBush

4 жыл бұрын

I drove it now after starting insurance.

I drive my car 1 maybe 2 times a month .. mostly 1 time to see my dr. iwish there was a option to have insurance 1 day a month

In Oklahoma the dmv isn't involved if u cancel or don't have insurance..u can just cancel or reopen policy with no repercussions ive done many times ..my cost more when u re apply but that the insurance people not dmv

Have u hear the new that tvix will be delist ? Whats your plan on tvix ?

@BeatTheBush

4 жыл бұрын

I will update on this soon.