Statistics from car insurance companies have it that around 10% of all motorists and car owners do try to change vehicle statistics and blatantly lie so much so that they could get the whole insurance quite cheaper. However, even though one may get a cheaper quite, there are insurance specialists like Admiral who have started their information campaign that tells all drivers who would like to get cheaper quotes by saying something that is not the truth may have to face greater penalties than they may have expected.
What could happen if you lie about the information on your vehicle? Admiral says when they do check all those cars and car owners who have bought car insurance policies, they are not that surprised to find people who would give false information about their vehicles and driving styles. And when the company has proven that they are outright lies, what they do is they cancel the insurance without sending back the money to the person who purchased the car insurance.
Sue Longthorn is the managing director for Admiral and she expresses, "Some people think that by telling a small lie they can get a cheaper quote. In reality they are committing fraud. An insurance policy is a legal contract so its vital that you are honest, or that contract can be claimed invalid and cancelled."
What do people lie about? Admiral says that one of the top things that people lie about is their motoring convictions. They claim that they are good drivers and are totally far from accidents. However, it is important to note that if you have had any kind of motoring conviction during the last five years, it is essential that you disclose this to the company where you are purchasing that car insurance.
If you have modified your vehicle, you must also tell your car insurance agent about it. You see, when you do change something on your vehicle like perhaps adding a Hypertech programmer, the computations could change for your quote. Some modifications could ask you to pay a lower price while some may ask you to add some more cash for whatever change you did to your vehicle poses a much higher risk compared to standard vehicle models.
"Insurance companies have become much better at finding out if motorists are lying, and we have a number of ways of investigating anyone we think might not have told the truth. We are not trying to catch people out, but people must realize they have to be honest with their insurer. They might think a little white lie is harmless, but it could end up costing them a lot more in the long run," ends Longthorn.
