You are here: Home - Insurance - News -

Brits willing to submit fraudulent car claims

0
Written by:
08/05/2008

Over 11 million British motorists would make a fraudulent claim to avoid jeopardising their insurance claim, according to Moneysupermarket.

The survey asked motorists what they would do if they had failed to secure their car properly and it was stolen. Just over a third said they would tell their insurer the truth, but another 33% would keep it from their insurer. The remaining 31% of motorists sat on the fence, not knowing if they would come clean.

Richard Mason, director of insurance at Moneysupermarket, said: “It seems many British motorists are ready to cover up their own carelessness, which could have led to the claim for the stolen car in the first place.

“You may think telling a little white lie, or holding back the whole truth is no cause for concern, but if your claim is as a result of your own wrongdoing, then insurers are likely to see it as fraudulent. If claims are regularly being paid out to drivers who don’t deserve it, the honest motorist loses out and could see future premiums increase.

“I urge all drivers to tell the full truth, but even more importantly, secure their cars. Providers may well refuse to cover you in the future, if you are found out, scuppering your chances of driving altogether.”

The research found men are more likely to cover up, with 39% reluctant to own up to their carelessness compared to 26% of women. The Scots are the most honest with 42% saying they would tell all, compared with 33% of those from the North of England.

Mason added: “It appears men are more concerned about retaining their status symbol, and ensuring a payout for their motor, as they are more likely to be economical with the truth compared with women. Insurers are often seen as the bad guys, but there are two sides to any relationship and drivers need to come clean about their mistakes.”

You can compare car insurance premiums using our comparison tool.

Tagged:

Tag Box

Debt

Pension

Spending

Financial fitness

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

Which ISA is right for you? A round up of the six products available in 2017

From cash to innovative finance to lifetime, here's our guide to the ISA products available to savers this yea...

Guide to buy-to-let tax changes

In late 2015, former Chancellor George Osborne announced a range of  tax measures aimed at landlords, which t...

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Five fund tips for a 0.25% interest rate environment

With interest rates stuck at a record low 0.25% and expectations rates could fall to close to zero, here are ...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Investing your money

Alliance Trust Plc gives you smart insight into how to invest your money

Money Tips of the Week

Read previous post:
Far East and emerging markets come out on top

Fund performance in April was dominated by the Far East and emerging markets, according to Dr Richard Ramyar, head of...

Close