|
|
|
NetQuote works with
the nations top insurers.
“I was shocked that I was able to save almost $200 a year with my new company!”
– Evelyn K., New York |
|
|
Auto insurance fraud costs everyone money
Auto insurance fraud is continuing to cost motorists in California and other states a considerable amount of money.
Auto insurance fraud is continuing to cost motorists in California and other states a considerable amount of money.
This week, California Insurance Commissioner Steve Poizner announced that suspected cases of vehicle arson fraud rose by 25 percent in the state last year while phony theft reports were also up significantly. Other fraudulent activities such as over-inflating damage amounts have reportedly remained relatively stable.
"Many Californians are facing a host of financial challenges in today's economy, but I want to remind everybody that you will only compound your problems if you break the law and commit fraud in search of a quick fix," said Poizner.
In California alone, insurance officials have made more than 1,900 arrests in fraud cases since 2007. The Department of Insurance investigates possible cases of fraud that are referred by local law enforcement agencies, insurance companies and even other consumers.
Other states have experienced a similar trend, brought on by factors like the recession and high unemployment, which has more drivers unable to make their monthly vehicle payments.
Learn how easy and convenient shopping for auto insurance can be. Get your free auto insurance quotes today!
Posted: July 29, 2009
Related Auto Insurance Articles
- Texting drivers far more likely to be in crashes July 28, 2009
- International road trips can require extra insurance steps July 28, 2009
- 49 of 50 states now require auto insurance policies July 24, 2009
- New technology offers ways to save on auto insurance July 24, 2009
- Consumers warned against automobile scam July 22, 2009
- Talkative drivers may be more at risk for accidents July 21, 2009
- Safest driving cities likely to see reasonable auto insurance rates July 20, 2009
- Hybrids may cost drivers more in auto insurance, maintenance July 17, 2009
- Cheap auto insurance tied to safe driving July 17, 2009
- Study: Low auto insurance rates keep consumers motivated July 16, 2009
|
|
