'Thousands of motorists' providing false info to cover provider

Date: 21/1/2011

Thousands of UK motorists have been found to knowingly give their vehicle insurance provider false information, it has been revealed - which could put their policy at risk.

Research by the Association of British Insurers (ABI) has shown that in addition to not giving the truthful facts, others have been found to fail to disclose important facts, such as whether or not they have a motoring conviction.

The group has warned that if discovered, such drivers could not only face criminal charges but will also find it harder and more expensive to obtain insurance in the future.

In addition, getting hold of other financial products, such as a credit card, could prove difficult.

Nick Starling, the ABI's Director of General Insurance and Health, said: "Trying to deceive your insurer is a false economy that will cost you dear. Of course everyone wants to get the best motor insurance deal, but being less than truthful is not the way to do it."

Kara Grammell, in an article for the Telegraph, explains that some of the best tips for reducing insurance include reading the small print of the policy and reconsidering excess.

Posted by Mary Treen