Tiktok viral user went after a risky default offering: What happens if you lie to your cars insurance company to record cheaper rate?
Andrew (@andrews_grage), who joking about making “bad financial decisions” on his page, raised the question in a recent clip. “How is this this?” He asked in the comment.
In the video, Andrew asked whether it was against the rules of the annual number of kilometers, claiming that he had led 5,000 miles a year when it was actually closer to 20,000.
“I will not lie on them intentionally to get a lower rate on my clothes because who will do that? This is a mistake!” He said with fake innocence.
The “virtual” angle doubled, and insisted that it is less than 5,000 miles, but it pressed the viewers about whether the insurance company will be interested in or what will happen if they discover the lie. As of writing these lines, the video got more than 327,500 views.
Is it illegal?
Lying on your insurance company about the amount of your leadership It is considered insurance fraudAnd that may seem harmless, but can lead to severe consequences, including the rejected claims, policies and higher installments were canceled, and in some cases, criminal charges, according to what it mentioned. Investopedia.
In short, to answer Andrew’s original question: Yes, it is illegal, and small savings on your monthly bill are not worth the risk.
Say you get a car accident and need to make a claim. If the insurance company discovers that you changed your miles, it is that You can deny your demand completely. This makes you responsible for all medical reforms and bills. Your policy can also be canceled if you find evidence of misrepresentation or fraud, which may make you an insured and fight to find a new insurance provider.
Even if the current insurance company does not drop you, it is possible that your prices will be raised. Lopiore Insurance AgencyThe Massachusetts -based insurance agency noted that drivers who were arrested in lying are marked as a high risk, making coverage more difficult and more expensive. In some states, including Massachusetts, the miles funded are considered criminal fraud, with fines or even imprisonment time.
Insurance companies are constantly monitoring their customers, and there are many ways to detect honesty. For example, they can order distance counter -pictures, review maintenance and inspection records, verify public records, or access state cars databases. If you make a big claim, the officer will check your documents for any variations.
How can I save money on car insurance?
There are safer ways to reduce costs without breaking the law. Shopping for quotes, asking about discounts, or increasing your discount policies, or assembly, can all help reduce your installments.
For drivers who are really less than miles, Nerdwallet Reports that payment insurance for each mile is an option that charges fees based on actual use, rather than estimates.
Viewers warn against lying to insurance companies
The commentators were quick to warn Andrew of lying to an insurance company. like Nerdwallet Put it, there is nothing like a “small lie” in the insurance request.
“Insurance companies track your miles,” a viewer wrote. “When your car is served, it goes to a national database they can access. Technically, they can deny any claims.”
Another added, “If the distance meter for your car is higher than what you pay for”, the insurance company can refuse or reduce the payment in the event of an accident. “
Others have agreed that although minor contradictions may be overlooked, the risks are not worth it.
One commentator said: “If there is a slight difference, then the possibilities are that they ignore it if something happens.” “If something happens, and they realize that you lied, they are likely to overlook politics.”
However, not everyone considered it a great concern. Some commentators insisted that they lied about miles without facing any consequences.
One of the viewers wrote: “Okay, my friend,” one of the viewers wrote. “I tell me 10 thousand a year, I do 30k+, even if someone is hitting me, and he did not question miles.”
Another asked, “How did they know?” While a third claimed, “I told me,” I am empty, “we don’t care.”
Motor1 Andrew arrived via a direct message to Tiktok.
