Speaking on his YouTube channel, Scotty said: “Today I'm going to tell you why you might not want to buy full coverage insurance for your car.

“Just liability insurance costs 67% less, it's a lot of money. 

He added: “Now of course, if you buy a new car with payments or a used car with payments, you have to have full coverage.

“Because the people you’re paying want your money even if you wreck the car. But if you have the option, especially with lower priced used cars, you're throwing your money away buying full coverage."

Motorists were quick to thank Scotty for his suggestion with many commenting on his YouTube clip soon after. 

YouTube viewer @bashns7743 commented: “It doesn't even matter if you're a great driver. Your insurance will go up up up and away every renewal. Every time I ask they just give the good ole, "everything is going up right now.”

@TimRock1269 commented: “That's exactly what I've done my whole life. My dad taught me that early on. If the car is more than you can afford to replace it, then you should have full coverage. Just do a higher deductible.”

However, others were less convinced with one individual admitting they had been caught out by following an almost identical tip in the past.

YouTube user @larryg7109 wrote: “My insurance agent told me the same exact thing. I took his advice. Within one month, my wife wrecked the car and it was her fault. We got nothing. Ugh.”

@kevinb.7491 remarked: “No you are not throwing your money away. I have full coverage on my excursion so if I'm in a wreck I can either get paid out or repairs.”