Motorists are telling lies on their car insurance documents which are putting them at risk of landing a number of punishments including fines and invalidated cover. A new study found that two in five people has admitted to lying when looking for their car insurance. At the top of the list for lies told on their car insurance document the most common was about the number of miles the driver actually does (63 per cent). It is followed by where the car is kept (57 per cent) and not having previous claims (48 per cent).
The new research suggests that Britons are lying when trying to get insurance, but many do not understand the risks.
Over half (51 per cent) of Britons admitted they did not know they risk getting their insurance withdrawn if they lie when taking out the quote.
It was also found that three quarters (76 per cent) think that car insurance is too expensive, which could go to explain why some motorists are telling lies.
The research found that almost half(49 per cent) of motorists were aware that your insurance cane invalidated if you fail to tell the truth
George Charles, a spokesperson for www.MoneySavingHeroes.co.uk, commented: “It is surprising to find out just how many lie to get cheaper insurance as they can cost you your policy and lead to you being uninsured.
“Insurance can be expensive, but it is crucial and could save you a lot of money if you get into an accident.
“If you are looking to save money honestly on car insurance, look into getting a black box as they can definitely save you a few pennies.”
There are a number of legal ways drivers could save money on their insurance which includes things such as adding a named driver, shopping around for the best deal or considering telematics or black box cover.
To view a full list of methods and tips to cut your insurance costs then visit here.
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