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Learn about common car insurance scams, warning signs and what steps to take if you suspect fraud — including who to call first.
Unfortunately, insurance scams are just one type of auto fraud. According to a 2021 study using data from the FTC, Nevada is the worst state for auto-related fraud cases, with just over 346...
From false claims to hard fraud, be on the lookout for some of the common types of car insurance fraud. One of the best ways to avoid being scammed is to always be vigilant. Give space to other drivers on the road, do your research on the best insurance companies and repair shops and get everything you can in writing.
Car insurance fraud encompasses a wide range of illicit behaviors, from illegally staging an auto accident to leaving a driver off your policy. Some insurance scams carry stiff penalties, while others may only result in a denied claim or being dropped by your insurer.
Car insurance fraud, or “premium leakage,” comes in many forms and costs insurance companies an estimated $31.6 billion each year as of 2022. 1 Here are six ways people commit fraudulent insurance activities via a car insurance company.
Car insurance fraud is a crime that is punishable by hefty fines for misdemeanors and even jail time for felonies. There are two types of car insurance fraud: Hard fraud and soft fraud. Hard fraud is a felony-level offense that typically involves significantly large insurance payouts.
Car insurance scams can cost you money and cause major headaches. Learn about common scams and discover how to protect yourself with tips on avoiding fraud.