So possibly you fudge a bit when you tell your insurance coverage business about how far you drive to function each day or how numerous tickets or accidents you’;ve had so that you can conserve funds on your premiums.
You are not alone. A new survey by CarInsurance.com finds about a third of drivers lie to their car insurance companies, most often about how significantly they drive or in which they dwell. Men admit to lying much more than girls and drivers below 30 had been 3 occasions a lot more probably to submit undesirable information than drivers older than 50.
Some lies can make a large variation when it comes to costs. A driver in Detroit could cut charges by half by listing a false address outdoors the city, in accordance to the website.
The most common purpose given for lying is to conserve cash.
But obtaining caught in your lie can be costly. Virtually 43 percent of individuals surveyed who explained they submitted incorrect details were caught.
As a end result, a third said a declare they submitted was denied and another third stated their premiums went up. About a quarter explained their insurance coverage coverage was canceled and 8 % have been sued for fraud.