Car Insurance is a Scam ..... Life Hack 

Had a recent fender bender and my insurance shot up. We are required by law to have insurance but are basically punished for needing to use it

All insurance is a scam, house insurance, car insurance.. They never want to pay out on claims either.

IF CAR INSURANCE IS OBLIGATORY AND THE GOVERNMENT FORCES YOU TO BUY IT, THEN IT SHOULD NOT BE A FOR-PROFIT BUSINESS.

Insurance companies are acting like a monopoly charging whatever they want. They need to be investigated!

The only reason we pay car insurance is for when we get pulled over by the police to give them our paperwork

I wish one company- just ONE company would give you a 25%-50% discount if you have no accidents & choose to renew. It would change the game!

Geico wanted $6000 for 6 months I told them “and I want a toilet made of gold, good luck” and hung up. It’s out of control

Correction Jack, "All insurance is a scam". As opposed to our healthcare system, which is a scam and a joke.

They ought to play this clip at the presidential debate. Guaranteed that neither candidate would be able to provide a clear cut answer or response to this.

More than 30% Of drivers on the road don’t have insurance and they wonder why.

You are going to own nothing and be happy. Klaus meant it!!

Insurance doesn't evenwant to pay when you get into a collision

I’m 22 on my own insurance the cheapest I found was $425. I asked a family member to put my car under their name so they could insure it. Now I pay $75

It's a scam yet we let it to continue. It's not for our protection it's a for-profit company. All insurance is a scam. 🤮🙄

I'm paying $50 a month for 2000 Honda with basic coverage. Not too bad, I guess. Once your insurance starts to increase, time to switch. They do not care about loyalty.

These smaller insurance companies dissappear when you need coverage😂

The insurance for my work truck just went up to $1150/mo. Dropping the insurance on Monday. Insane.

We Americans have no spines or minds.. we are too armed to be dealing with this nonsense

The problem with random hole in the wall “same coverage yet half the price” insurance companies is the chances of a pay out is drastically reduced.

I’m glad I’m not the only one that feels that way. If I have cash to cover any incidents why should I be obligated to have insurance in the first place? I am an adult and I can take the risk. In my country of origin car insurance is not mandatory. In most countries insurance is NOT mandatory. However, here in America many brainwashed Americans think it’s the paramount of responsibility and readiness to be OBLIGATED TO HAVE IT. It’s simply organized crime (insurance companies + lobbyists + government officials) to extort money from the citizens. They get all of the money and they mandate it that we must pay it. It’s a scam.

I got tired of paying $1600+ every 6 months for 3 old trucks. A 1982 Toyota pick up, 1984 Toyota 4Runner and a 1992 Chevy Silverado, all bought with cash a long time ago. I found a small hole in the wall insurance co and got it down to $240 every 6 months. Same coverage. Stop paying the insurance company’s CEO’s massive profits. Thx for all your great real life video’s.

I do not know who this person is BUT he made me laugh and then got me to call around for insurance. Thank you for the laugh and perspective.

Next time: In Florida, recording phone calls or other oral communications... Keep this in mind if you’re considering recording conversations Florida is a two party consent , so Announcing your intention to record the conversation is a good practice to ensure compliance with the law. If they agree on camera or via phone, they cannot take it back later, which is a good thing to consider.

I'm 68-years-old. I have NEVER had car insurance in my life. I've seen it as a total rip off my whole life. I've also never had a wreck so imagine the amount of money I've saved myself for 50 plus years. When the Government made it mandatory that you have insurance, that's when the insurance companies went nuts with their premiums.

I feel your pain man, the sad truth is that all these insurance companies work together to get the most out of you. My premium went up $210 for "Administrative purposes". I'm 58 years old, no tickets since I was 18, no accidents, absolutely stellar driving record. I live in the country, I have 5 neighbors in a 1000acre spread of land. Why? Thier reasoning is because I own a Tesla and they are expensive to replace. Funny thing, my neighbor has a 90K truck, tickets, accidents and he pays less than me. Guess what, he has the same insurance company. So I call them back. How is my 32k bluebook value Tesla Model S more expensive than my neighbors NEW 90K truck. She fired back with administrative costs again and said that It's because the car can go really fast. WHAT! If the government is going to mandate insurance, they need to mandate that these insurance companies profiting BILLIONS annually to stop making so much profit. I'm so pissed. I've been shopping around for new insurance, funny thing, they are all quoting the same, down to cents! Don't tell me they aren't all working together.

"nor should I have to" yeah it is unconstitutional and us citizens & police put up with it, we shouldn't.

I'm 58 Class A CDL no accidents, tickets ect ect good record in company truck and personal car. Houston, TX Progressive is ripping me for $253.00 mo for liability only on a 2008 Toyota. This is insanity 😳

As the owner of one of these hole in the wall agencies I agree. The 20 years I been doing this I've never seen it this bad. I honestly cringe when a customer calls and tells me they bought a new car.

Thank God I live in NH where there is no mandatory car insurance!

Its because we have to pay for everyone elses $120k pickup trucks and suvs, i have an 07 Subaru thst costs more to insure than its worth per 6 months.

Same here. Had insurance with the same place for 15 years. Got mad one day and went shopping. New place is 1/3 the cost.

They are using car insurance to offset the losses on home insurance.

My insurance just increased again for the second time and I've had zero accidents in my 25 years of driving. The renewal went up 100 freakin dollars as if everything isn't already expensive enough. My car is a damn 2012 and is paid off so I only get basic coverage too

1:15 yes!! I’m so glad someone else feels the way I feel.

I have Geico..for my cars it's over $300.00 a month. This has to go back to where it was as well as property taxes, which is forcing people out of their homes. The economy cannot prosper with these main issues on price.

I've always said, if they can make it mandatory for you to have, there should be a cap on what they can charge you. I was blackballed from car insurance from the little gecko, and had to drive my car for almost 2 years with no insurance before I finally found a company that would write me a policy. I wondered how they can make it mandatory for you to have, but the insurance companies can refuse to write you a policy!

Insurance logic is so stupid also. We're charging you based on age, the type of car, and others who've messed up. When it should only be about your driving record. We should also get our money back if no accidents happened during our time with that company.

The only problem with those smaller companies is if u actually do have an issue good luck getting them to cover you.

I am an insurance adjuster and I can tell you the reason why rates are going up. Car manufacturers have raised the prices of replacement parts 300% and 400% for parts to repair cars. Then there’s the tow companies charging $1000 for a 8 mile tow, body shops charging $250/day for storage plus every kind of creative fee they can dream up. And let’s not forget about the judicial hellholes all over the country (particularly in FL) in which the legislators and the personal injury attorneys collaborate and write the laws for their own business benefit to wring as much money from the insurance companies as possible. I am not lying. The gouging, fraud, greed and legal robbery is currently at a level you wouldn’t believe. Then throw a few hurricanes and hail storms on top of it all and unless the rates go up, then there ARE NO insurance companies. An insurance company is incentivized to keep rates as low as possible in order to grow. That’s how they grow, by attracting customers. When rates go up, people leave, so raising rate isn’t what an insurance company wants to do unless it has to. It isn’t greedy insurance companies trying to rip you off as you think. The fundamental business environment has become a culture of ripping off the insurance companies. Yes, you heard me right. It is THE INSURANCE COMPANIES THAT ARE GETTING RIPPED OFF. This is done by car manufacturers, body shops, tow companies, personal injury lawyers, chiropractors, medical billers, etc…and also insured individuals perpetrating fraudulent claims. I see it every day. These reasons, plus the increased cost of labor for repair technicians, carpenters, electricians, etc… is why rates are going up. The media, as well as people like you, love to portray insurance companies as the root evil and that is not true. Insurance companies are trying to survive just like everyone else. It is not insurance company greed causing premium rates to go up, it is inflation and the cost of doing business (which includes the vendor greed) that is causing rates to go up. Don’t be so simplistic and stop buying into the politicians gaslight diversion tactic that puts all the blame on the horrible insurance companies.

It seems we have forgotten about the power of boycotts. These big companies think they provide a service that only "they" can provide and what you've done here proves that wrong. I needed this wake up call. My life hack was to put my car in "storage" for a reduced rate. Still more than what you're paying now!

There's a reason Ocean Harbor insurance has a 1.8 and 2.1 STAR rating in Miami and Tampa.

I’m in L.A. Before the 1980s you weren’t required to have car insurance. Most of us had it because it was affordable. Mainly homeowners and business owners. Then the illegal immigration boom of the 1980s put an end to it. Insurance companies started raising rates because there was an influx of people in accidents uninsured. Someone had to pay for it and it was citizens. I was in my 20s then and my rates doubled. So I drove without it. Then they made it mandatory and I had no choice.

Paying for a hypothetical situation freaking blows me 😂😂

At least they should reimburse us the money that we spent if we wasn't involved in no accident for the whole year like we are just giving them free money

I started moving insurance companies in 2019 when I was paying $230 per month on one car. Recently, i bought a second car and it jumped to nearly $400 from $190. I shopped around and got it to $205 for two cars full coverage and collision.

There's no free market in car insurance. Surprise, surprise, surprise. Bonus challenge: Try starting your own insurance co.

Never fall in love with your insurance company. Shop the market at least every other year.

insurance company is like a casino. If they weren't making a profit, they wouldn't be a company.

Hey Jack, I’m glad you’re raising awareness for this. I’d like to give people a snapshot into my story too to see how messed up it is- I was paying for just road legal coverage, the lowest possible. Old company wanted $850 for 3 vehicles (all paid off). I thought wow that’s a lot. But I paid it (6 months). 6 months later I turned 25, and it should go down (I’ve had no accidents nor tickets). Yet they were gonna bill me the SAME $850 after turning 25. I thought- that’s strange, so I called around, dropped a vehicle, and got a quote for $330 for 2 vehicles (6 months). If I hadn’t turned 25, I would’ve let them BOHICA me again. Please be wary guys, you have -the right- to shop around, so use it. Don’t let them steal from us because we are lazy.

These no name insurance companies tend to make it impossible to reimburse for a car accident.

Thank you Jack! I’m in Miami I’ve been going through this for years. Just paid off my cars and my insurance quote is still insane. I’m tired of it. I’ll be calling Ocean next week.

Hole in the wall car insurance co. are it👌

Just paid $250 for my yearly insurance in Japan, love it!

Having a car in America is a scam right now.

You pay higher premiums for those commercials. When it comes to the household names

My State Farm has gone up 20% which is annoying but I'm still only paying $130/mo for a 2019 Altima. Perfect record.

It's all a scam. I had the car insurance provider (Geico) for over 15 years, different vehicles of course. Ever since the C-O-V-I-D crap it's doubled. Used to have two full size trucks. 2018 & 2019. It was $123, each for both, full coverage but began to increase every time I had to renew. A few years ago I sold both trucks & just got a used 2019 truck. They then turned around & DOUBLED my insurance for one vehicle!! I was now going to have to pay almost $300 a month just for ONE! Fast forward today & the cheapest I could get insurance on the same truck is about $850/6 months with a $2500 deductible. It's insane, clean driving record & no tickets. I'd imagine it's way more expensive if you have a dirty record, but why do us good drivers have to suffer??!!

Hey man! Good reminder, thanks. We’re on the brink of bankruptcy from medical debt and my dad can’t afford his current insurance. We’ve been thinking about switching, but didn’t know where to run. Paying $1200/ 6mo after 48 years driving. Never had an accident except for when a texting while driving teenager rear-ended him. Now we gotta scramble to find a lesser known company, if they haven’t been swallowed up by the larger ones in our area.

Destroy the mafia insurance cop agreement to have mandatory insurance. Make it optional BUT when you get into an accident, you either agree on the spot who pays what sum or take it to court to see who pays what. And you'll see insurance prices go down to almost nothing. The whole reason they're so high is because it's mandatory

Mine is 680 for a year. Gotta love the holes in the walls

When my insurance hits $80 a month, I stop paying!

Why do insurance companies own stadiums and arenas

My mom got hit by someone carrying Ocean Harbor insurance. They would not pay until they were sued by All-State. Just bc it’s cheap, doesn’t mean it’s good insurance. All insurance is a scam, but the smaller companies are even worse

If the insurance company advertises on tv that’s a sign that they’re make money on you.

My insurance is about $800/year. The “life hack” is having an inexpensive car. It gets me from A to B exactly as well as a $ 100k car would.

"I called Flow that f....." hahaha 🤣

-- just wait till you try to collect on a claim😂

I’,m in Australia, we have compulsory third party insurance in case someone ends up in hospital but we don’t have to get anything beyond that insurance wise. Depending on which state you live in, it is incorporated into vehicle registration.

I work in insurance. Best thing is to shop around every few years. Insurance companies raise rates almost every year. There are many reasons but primarily due to the overall cost of claims. Accidents, lawsuits aren’t cheap.

I currently pay $86 a month (full coverage) with a discount on a 2018 Toyota Tacoma base model. I currently reside in VA, I’ve had no tickets since I’ve been driving(I’m a 25 year old male). My provider has always been State Farm, I will say though that when I did live in Florida it went wayyy up.

Tip from an insurance agent. If you’re purchasing a vehicle, your agent likely won’t mind if you call to quote the vehicle before purchasing it. That way you’ll have an idea what the insurance is like, and whether or not that car is within budget. It can save you lots of money.

Please consider you may be getting cheaper coverage but those insurance companies won't cover anything when you actually have a claim.

In Canada, I drive a 2019 Honda civic. Third party insurance of 90$ a month. But I have put 100$ on auto withdrawal to a high interest savings account. So, by the end of the year there is no accident or damage I still have my money and interest on top of that…

I have a perfect record and been with the same company since 2008. I’ve had my car paid off about 2 years now. My insurance went up quite bit. YET they tell me I’m a loyal customer and getting all these discounts for staying with them. I’m not seeing any discounts. Insurance is a scam. Dont even get me started on homeowners insurance.

Own your car to avoid full coverage. Get the cheapest possible just to have a policy number.

Let me offer insider perspective from the industry. Car insurance is a requirement for driving because there were too many bad drivers that killed/hurt people and the victim had no recourse (remember that episode of Bart when Mr Burns ran him over?) Now, with everyone having insurance, most people can just go after the insurance company and don't have to lawyer up. Most insurance isn't for YOUR protection. Insurance requirement is so that the system knows that you hit someone, the insurance companies will step in to cover the medical cost of the victim. In some jurisdiction, the bare minimum insurance coverage doesn't even cover your medical bill, so you would simply get nothing from your insurance company 😂 As for WHY insurance has gotten so expensive: It's because we tolerate bad drivers. Drivers who speed, race, don't do full stop at stop signs, run red lights, park in handicaps, drunk drive, don't signal when they change lanes...etc. All of them, all of Us, are to be blamed for the high prices. YOU tolerate bad drivers then Bad drivers get into accident, and YOU have to pay a share of that driver's mistake. Don't like it? STOP TOLERATING BAD DRIVERS!

This man needs to be a character played by Walton Goggins

You’re hilarious with your dry humor but also very spot on with the frustrations of every day people being drained of their cash

Been saving Thousands of dollars by not paying that crap. No accidents drives everyday and guess who saves money 💰🤑. Got pulled over a few years ago took a hit no biggie. Still saved thousands more in the longrun. Fuck that scam foreal

These lowkey insurance companies are cheap and fits a lot of peoples budget, but when it comes time to make a claim from a wreck, they might give you some trouble. Would do more research on the specific company you're going to. It's cheap for a reason. Just gotta play the game like how it was designed.

“Ghetto hole in the wall” 😂 but you went in how you clown the company and appreciate them for helping you

Gosh, you're my hero. I've been saying the same thing for decades. Car insurance: What An Incredible Scam. And, I guarantee you, a very high percentage of people you pass on the road every day have little or no insurance. People just can't afford this.

I’m 30, not married, never been in a car accident or made a claim. I moved across the country and needed to change my car insurance because my current provider wasn’t in Alaska. I was paying $600 in the Midwest when I lived there. After moving State Farm quoted me $4500 for 6 months. I drove a paid off 2017 Honda accord. They couldn’t tell me why it was so high. I went to a hole in the wall insurance company and got the same coverage for $500.. This was 2 years ago. I now drive a brand new 2024 Ford Explorer ST that’s almost paid off. My car insurance is $700 every 6 months for full coverage. Still to this day I have no idea why State Farm quoted me $4500. I will never bring my business to them and neither will my family.

That's the good part of shopping around for pricing on insurance, Jack. Car insurance has always been a hassle for many people for decades, and it keeps increasing along with inflation. I actually remember when motorcycle insurance was not yet required by law, but it became mandatory the same year I got my motorcycle license in my state.

I havent had car insurance since 2020. Absolute scam

I pay $2400 every 6 months! 2016 Corvette, 2016 Ram 1500, 2008 Noble m400, and a 2000 Pontiac Firebird WS6. Sounds like a lot, but it works out to $100 per vehicle per month for full coverage.

Amen brother! My kids and I just had this conversation yesterday including other topics of government corruption.

My homeowners went up $1,000. The reason was claims due to storms. What did they do with all the money made up to that point?

Get an electric bike, no insurance scams. Or use your lambofeeties. Its a scam now to own a car esspeically when car companies charge 3 times what a car should cost cause they add useless shite😂

You just got a subscriber am enjoying your enlightening videos. I’m favored financially with Bitcoin ETFs approval, Thank you buddy. $12,000 monthly profit regardless of how bad it gets on the economy.

My insurance went from $300 a month to $450 for no reason.

I feel you man. Denver Colorado. $4000+ is the lowest 6 month premium for 2 cars full coverage.

Lol that insurance company has a notorious reputation for being the worst.

Here's a hack on car insurance. Reduce your reported mileage driven on the policy from 12,000 to like 3,000 a year. That'll drop your premium big time. I pay $300 for 6 months in Los Angeles for just liability. My car is old but it's big and could do some damage in a wreck. If you get audited, pull a Ferris Bueller, crack that odometer open and roll that shit back.

Another reason you should pay CASH for used vehicles.

I added a bed and cassette toilet to the back of my van and registered it as an RV. Insurance went from $150/month down to $30.

I’m 51 with no accidents (0)! Paying insurance since I was 15yrs old!!!

Banks are insured, money is insured, insurance runs the world.

You should do research before you switch to any insurance company. That company you are using has horrible reviews when it comes to paying claims. GEICo is expensive… but at least if I get into a car accident… They will either replace the car or repair it. Be very careful.

Getting a great deal. 150 a month for 100k worth of cars full coverage. I'm with a big company but dated my agent. When it was going well she showed me she can just make a few clicks it will be half the rate and they still make profit.