Possible Fraudulent Insurance Claims up

According to the National Insurance Crime Bureau suspicious insurance claims are up by 21% this year. This of course will not help your premiums get any lower. There are still many companies offering fairly cheap car insurance despite these astonishing numbers. The cheapest companies out there right now are the ones who are very exclusive with their coverage limiting to those who have a spotless record and denying coverage to those who don’t. Its easy to be envious of those who can insure with these companies yet there are still a wide range of options for the imperfect drivers.

To read more about the story visit BizJournals.
http://www.bizjournals.com/philadelphia/stories/2009/09/07/daily19.html

Related posts:

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  3. Fraud Claims Impacting Florida Residents
  4. Insurance Agents See Huge Jump In Insurance Claims This Winter
  5. Florida Clinic Was Allegedly Engaging In Auto Insurance Fraud

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This is pretty ridiculous considering the fact that: 1st, I had regularly asked my former insurance company for reviews and discounts; 2nd, I recently got a speeding ticket in a school zone (which I am a bit ashamed to say) just before I switched; and 3rd, that $1,100 savings was before I got an additional discount for bundling my home insurance on my policy (which is a lot lower now too).

Unfortunately, and surprisingly, 10 years of loyalty did not pay off for me, and was replaced by a 5 minute quote that will save me thousands down the road. In short, our family owns 3 cars, and my new rates are about half my old rates; so not bad for the little additional time it took to compare quotes and digitally sign a policy.

Obviously, not everyone will save nearly as much as I did, but it's well worth your 5 minutes to find out, even if you end up only saving a few hundred dollars per year, potentially adding up to thousands over a couple years."

Jared



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