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A recent study showed that more than 30% of those who responded lie about their driving record when applying for auto insurance. Close to another 30% lie about their address. Twenty-six percent lie about use of the vehicle, and another 26% lie about the number of drivers of the vehicle, ticket history, and 18% lie about who is the car’s primary driver.
Survey respondents indicated that they lied on insurance applications in order to get a cheaper premium. But lying on an application may have deeper implications than merely giving the insured a break on insurance premiums. Individuals that lie on an application and get away with it only increase the premiums for all other insureds. Let’s follow an application through the process.
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