Andy’s £1,000 money makeover part 6: Insurance

In this latest part of the money makeover I’ll help you bring down how much you pay on your insurance.

Hopefully you’re already on your way to saving £1,000 (if not more). I’ve only got a couple of videos left that will look at cutting your bills, and this week it’s insurance.

I think this is one area people tend to overspend on because it can be a pain to compare and work through the differences on the policies, but I’d argue it’s one of the most important ones in the makeover.

In part that’s because cheaper usually doesn’t mean best, and if you get it wrong you might end up with a useless policy.

But it is still possible to reduce how much you spend.

The video below includes tricks to cut the cost of home insurance and get cheaper car insurance.

I’ll also share the policies you can probably cut, and a couple it’s worth thinking about if you don’t already have them.

Watch the rest in my money makeover series here.

For subtitles, press play and then hit the CC button at the bottom of the video (you might need to tap the video or hover your mouse over it) and you’ll be able to get auto-generated subtitles.

For a transcript you’ll need to click through to YouTube. Then hit the three dots under the video to access all the subtitles at once. Remember they have been auto-generated by YouTube so there might be the odd word where it thinks I’ve said something else.

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Further reading & links

The pain of buying insurance 

Money Saving Expert’s research on the best time to buy car insurance 

When Direct Debits are a bad idea

My £1,000 money makeover playlist on YouTube 


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