In an ideal world, everyone would be honest and what is ad fraud we could all live happily within our means. Unfortunately, that’s not the case. All too often money becomes the driving motivation behind the thoughts and actions of the people around us, and when that happens it throws the door wide open to insurance fraud. Here’s a look at what insurance fraud is, what it’s doing to the free auto insurance quotes you find online and what you can do about it!
What is Insurance Fraud?
By this point you’re probably well aware of what insurance fraud is and what drives the people who commit is; however, for the sake of this article let’s explore auto insurance fraud more thoroughly. There are two primary types of con men who perpetrate these crimes: The ones who force you to hit them so they can collect on their insurance payments and the ones who destroy their vehicles so they can collect. Fire and theft are their favorite tools, although there doesn’t seem to be a bottom to their bag of tricks.
Or if they is, we certainly haven’t found it.
What Fraud May be Doing to the Free Auto Insurance Quotes You Find Online
The phrase “free auto insurance quotes” may be a bit misleading. What they’re basically saying is that although you don’t have to pay for the quote itself, you’re still going to pay full price for your insurance. The quotes you get are going to vary from company to company, but all of them are going to focus on these key points:
1) Your age.
2) Your driving record.
3) Your car.
4) Where you live.
5) The economy.
The economy? Absolutely. As the cost of medical care and car repair continues to climb, insurance companies are constantly raising their rates in an effort to keep up. The same goes as the number of claims they pay each year continues to climb, which means every fraudulent payment they make is another drop in the bucket that, when it overflows, is going to send your insurance payments climbing.
What You Can Do
Since you certainly don’t want those free auto insurance quotes of yours to climb any higher than they have to, it’s up to you to take a stand. Report insurance fraud when you see it, even if it’s someone close to you. You can do so anonymously by dropping a bug in the ear of the state insurance investigator. You can handle the rest.
Remember, if they’re willing to allow you to pay for their fraudulent insurance claims, they weren’t much of a friend.