Top 5 car insurance lies
(
Geoff Caddick/PA)
Motorists' dishonest applications for insurance are backfiring on them, with more than 4,000 fraudulent attempts being uncovered by insurers every week.
Some 212,000 attempted dishonest applications for motor insurance were uncovered in 2014, marking a jump of nearly one fifth (18%) compared with 2013, according to the Association of British Insurers (ABI).
Here are the top 5 most common car insurance porkies, in no particular order:
:: Not disclosing motoring offences
:: Parents insuring their son's/daughter's vehicle in their own name
:: Giving a different post code to where they actually live
:: Failing to accurately describe their occupation
:: Saying car garaged overnight when in fact parked on the road
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Guilty of any of these dodgy dealings? Well here are the ABI's tips to help motorists get the best value legal motor insurance deal:
:: Shop around. Motor insurance is a very competitive market, with insurers, comparison websites, insurance brokers all offering competitive deals that will ensure you get the right policy and the best price.
:: Lower your risk. The following steps can all help cut the cost of cover – have an approved immobiliser fitted, keep the vehicle in a garage or on a driveway overnight and have a telematics-based pay as you drive policy.
:: Opt for a higher voluntary policy excess. The higher the amount of any claim you pay yourself, the lower the premium.
:: Buy your insurance from a reputable source and avoid policies sold on social media networking websites, pubs, clubs and newsagents. You can check if your policy is on the Motor Insurers' Bureau's Motor Insurance Database – www.askmid.com – which holds details of all vehicles insured in the UK, and check on the Financial Services Register – www.fca.org.uk/register – that the insurer or broker is authorised.
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