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Many motorists lie on insurance proposal forms E-mail
Written by Administrator   
Wednesday, 25 July 2007
One in 10 drivers have provided inaccurate information to insurance companies in the hope of securing reduced premiums - but lying could be an expensive mistake with claims not being met, according to UK research. New research reveals crucial information such as a driver’s age, address, no claims bonus, and previous driving convictions could be untrue.

Major findings of the research include:

  • 6% of vehicles on UK roads are completely uninsured (Insurance Bureau estimate), and a further 10% of drivers lie to car insurance providers which can invalidate their policy.
  • Many drivers fail to declare convictions such as speeding, drink driving and bans.
  • Many drivers intentionally lie about basic details such as age and address.
  • 5% of people lie about where their car is parked at night.
  • Three out of four people are fully aware that providing false information could invalidate their policy.

Many consumers may see car insurance as a grudge purchase, so it’s no great surprise to see people either withhold or knowingly provide inaccurate, crucial information in order to get cheaper cover. To the consumer, this may seem like a little white lie to save money. In reality, it could end up teaching the driver a costly lesson, as the insurance company is under no obligation to settle a claim based on a policy which is inaccurate.


 


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