Don't fall victim to auto insurance fraud! It could cost you thousands of dollars and adversely affect your insurance premiums for a long time after the mess is cleared up. In this brief guide, we'll tell you what vehicle insurance fraud is, what it can do to you, and how to avoid it like the plague.
Did you ever think about how big the U.S. insurance industry is? There are literally thousands of companies, and they have over $1.8 trillion in assets. With all that money being in use and lots of it changing hands in the way of insurance claims and premiums, it's no wonder that some crooked people would try their hand at stealing some of it from others.
Vehicle insurance fraud is what you might call a "white collar" crime - something that usually happens within a business or corporation rather than on a dark street corner or in a home. Because of fraud itself, everyone's premiums cost more - billions of dollars more per year.
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