Can I lie to my insurance company?

[fistpoint]

Originally Posted by Gixxersixxerman

Thank you... I thought about USAA when I went over last year to State Farm for my motorcycle insurance.. I was under the impression of you having to be active duty to get USAA.. I was saving so much on my bike insurance that I loved State Farm and even tho my father said I qualified for USAA as he is retired I didn't care.. I just ran a quote and can save over 100$ a month with USAA.. All because you posted that so thank you.. I owe you a beer lol

Sorry to thread jack

USAA insurance requires military service. Family members(children) qualify too. For us that don't have military parents(retired or active), or are not enlisted ourselves, are shit out of luck.

My brother is active Army and I was hoping to squeeze in because of him, but being a brother or sister does not count. Bank accounts on the other hand are available to anyone.

[Metabrz]

ALL insurance is based on the premise that the contracting parties enter into the contract with utmost good faith. YOU have a duty of disclosure to advise them of anything that would: affect their decision to insure you, and the terms they would insure for.

Just saying...

[Exhaust]

Originally Posted by Metabrz

ALL insurance is based on the premise that the contracting parties enter into the contract with utmost good faith. YOU have a duty of disclosure to advise them of anything that would: affect their decision to insure you, and the terms they would insure for.

Just saying...

Rightfully anyway.

[J2 Motorsports]

Originally Posted by FR-S Matt

That's because no company can compete with any military benefit.

BS USAA has higher rates than Geico. I am a veteran and their rates didn't even compare.

[86BRZ]

Originally Posted by whaap

If your insurance company finds out you lied they can void your insurance policy. That means they can go back to day one, refund your total premium and not cover you for any thing that might have happened in that period of time.

How can they tell if you lied. If you have an accident one of the things their appraiser/adjuster is required to do when he inspects the damage to your car is record the mileage. So if that information shows you lied to them you could end up not being covered for the accident that just exposed your lie.

Exactly. They issue the policy based on your statements on good faith and it is their basis of delinal if you lie to them first. These inspection will brought up after an accident and that is the time you needed them most, and their chance to find errors and say bye to you.

[FRiSson]

Originally Posted by J2 Motorsports

BS USAA has higher rates than Geico. I am a veteran and their rates didn't even compare.

There is a reason why Geico rates are low. Customer satisfaction rates are very low.

Ask a body shop owner which insurance company is good. The will tell you that the cheap rate firms insist on the lowest cost replacement parts (not OEM) and do not reimburse quickly. In short, if you want good service from a body shop, work with an insurance company that treats them right, as well as you.

[Ricepuddin]

Originally Posted by J2 Motorsports

BS USAA has higher rates than Geico. I am a veteran and their rates didn't even compare.

Results may very, Geico was just a little bit more for me. Even with the discount they give for Military and Financing my car through Navy Federal.

[Flat Black VW]

Originally Posted by FRiSson

There is a reason why Geico rates are low. Customer satisfaction rates are very low.

Ask a body shop owner which insurance company is good. The will tell you that the cheap rate firms insist on the lowest cost replacement parts (not OEM) and do not reimburse quickly. In short, if you want good service from a body shop, work with an insurance company that treats them right, as well as you.

I dont work at a body shop but weve done insurance claims at my Car Audio shop before and there is a huge difference between Geico and USAA. USAA is given the price to fix everything correctly and they pay up, Geico comes by and tries to get us to cut corners to save money and we end up arguing over the proper way to fix a system with someone who has no idea what they are talking about and just wants to cheap out. My shop offers a lifetime warranty on installation so I always refuse to cut corners otherwise the car will be back over and over, so I have to argue to get full payment.

[des]

work in this biz. the difficulty in verifying mileage is one reason behind the Snapshot and Onstar-based pay-as-you-drive programs that report mileage and behavior independently. Because they are verifiable, the discount is much greater. The less you drive, the less risk you pose.

That said, there are a lot of instances where your mileage is verified to other people -- at emissions time, for example, or during warranty or service work. I don't know of any company checking those sources routinely, but many of them do random audits. Carfax is marketing itself to insurance companies in this capacity.

I've not heard of anyone pursued for fraud over false low-mileage estimates. The worst thing that is likely happen is that they would ask for payment of missed high-miles premiums before paying a claim, or nonrenew because you misrepresented.

That can be a big deal, because a lapse in coverage (or an outright cancellation) means you will have a very hard time getting affordable coverage on the next policy.

Insurance is really just buying your next accident on the installment plan. Factors like your mileage, your location and your driving record are what the carrier uses to compute when that accident will be -- but they all do the math differently.

Keep shopping around. We pulled comparable car insurance quotes from six big insurers for every ZIP in the nation, and the differences between companies were pretty huge (usually thousands of dollars).

[Boxer-86]

Originally Posted by J2 Motorsports

BS USAA has higher rates than Geico. I am a veteran and their rates didn't even compare.

Not necessarily true.. I changed from Geico to USAA a few years ago and saved a significant amount of money..

[Gixxersixxerman]

Originally Posted by J2 Motorsports

BS USAA has higher rates than Geico. I am a veteran and their rates didn't even compare.

I was with geico when I switched to State Farm.. I only had liability on my bike because they wanted over 400$ for full coverage... State Farm 51$ ... Vehicle wise it's was about the same tho coverage for my 66 beetle under geico classic car was 15$ cheaper...

Also I'm going thro shit with geico now because their customers backed right into me and they refuse to pay more then 50/50... Even tho ever place I've shown pictures to have clearly started due to the damage and they way the cars were its clearly that guys fault.. I'm no longer a fan of geico anymore

[Razz]

Geico has never been cheap for me.

Much lower rates out there.

You commit fraud and they will deny your claim period.

You also get black listed by all insurance companies.

Have fun paying your next premium.

[whaap]

Originally Posted by des

I've not heard of anyone pursued for fraud over false low-mileage estimates.

It's true that the insurance company would more than likely not persue fraud charges against any one. Also, no insurance company would get heart burn over some small amount of mileage over the estimate. But, what if the mileage was two or three times the amount of the estimate? They would simply void the policy, return your premium as if you had never taken out the policy and you would be on your own for any of the damages.

[ttknf]

Originally Posted by dsgerbc

You can easily claim that your friends who don't live with you were driving it. I'm not 100% sure, but I think if someone else who has his own insurance drives your car, your car insurance is only providing secondary coverage.

It depends on the state; most states have the rule that insurance follows the car first, then the driver second. What that means is that in an accident, whatever policy the car owner/named insured driver has becomes primary. If that policy denies coverage for any reason, then the driver's policy steps in. This is why you should always be careful who you let drive your car.

Regarding mileage, it's not something that really ever comes up. As it's already been said, an estimate is just that, a guess. You tell your insurance company that you guess, based on current circumstances, that you may or may not hit a certain mileage requirement; stuff comes up in life that's unpredictable and at your policy renewal, it's your job to state whether you think any data you gave the insurance provider will change. Nobody can predict things to absolutes, and most insurance adjusters don't check such things (who has time to dig up somebody's underwriting data to verify mileage). Hell, the only reason most insurance companies check mileage is to rule out potential fraud from accidents that might happen before a policy starts.

With regard to getting dropped from your carrier, it really depends on the company. Some are very particular with what criteria they use to write your policy and what types of drivers they want to insure (for all you West Coasters, Wawanesa is a great example of this). Some companies will insure anybody, but charge silly premiums to insure non-standard (high risk) drivers.