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Learning Center -> Auto Insurance

Does auto insurance fraud ever become the cause of increased rates?

2insure4less.com: auto insurance quotes, car insurance quotes, life insurance, homeowner insurance, moreYes, auto insurance fraud does become the cause of increased rates among other factors. As a matter of fact, auto insurance rates soared to an all-time high in New York because of auto insurance fraud. Below, you will see territories that have percentage changes in total insurance costs because of the popularity of the auto insurance fraud. Here are the territories and the percentage changes:

 

  • Albany - 10.3%
  • Bronx - 18.5%
  • Brooklyn - 30%
  • Buffalo (city) - 14.3%
  • Manhattan - 10.8%
  • Staten Island - 19.1%
  • Syracuse - 11.7%
  • Syracuse (suburb) - 6.6%

Auto insurance fraud isn't a rare thing nowadays, which is why it is so important to research your auto insurance company before purchasing a policy. See if they have a website or if they have some sort of history.

Here are some tips that will help you know whether or not this company is a fraud:

  • Ask this company if they have websites
  • Ask this company if they have an address
  • Call your state insurance department and ask whether or not this company exists.
  • Consult with family and friends and ask them whether or not they heard about this company.
  • Do any kind of research on this company
  • See if the coverage that they provide is realistic
  • See if what they say seems suspicious
  • Write down anything that they say that might have your mind in doubt
  • Find out whether or not their price seems to be realistic
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