When filling in a quote for car insurance do you lie on your renewal price?

Nex0

Hi

Basically has anyone actually put in a much lower amount on a quote when asked what your current renewal is?

When I did this on one site I could save around £220 which is obviously a lot of money!!

It just annoys me how much the insurers are happy to rip you of and with a little bit of digging how much they are happy for your to be paying for your insurance.

Oscar_The_Grouch

A lie in this circumstance is a deliberate attempt to gain benefit by withholding correct information - otherwise known as FRAUD.

If you don't like the price, self insure (cut down to third party only cover and take the risk yourself of having to pay for your own repairs).

Nex0

Oscar_The_Grouch wrote: »

A lie in this circumstance is a deliberate attempt to gain benefit by withholding correct information - otherwise known as FRAUD.

If you don't like the price, self insure (cut down to third party only cover and take the risk yourself of having to pay for your own repairs).

I know what your saying although I don't fully agree with you.

My idea of fraud on car insurance is say saying you keep it in a locked garage when you don't or u only do 8000 miles a year when u actually do a hell of a lot more then that.

I'm not saying I don't like the price I'm saying I don't like being ripped off.

raskazz

It might not be 'your idea' of fraud, but it is a deliberate misrepresentation of a fact that would influence an underwriter's assessment of the terms he would offer (ie the premium), so it is fraud.

Nex0

Well thanks for the advice.

I ended up getting it of another insurer honestly for £378 and then hopefully getting another £75 quid back from that through cashback so it should only end up costing me just over £300 which I'm happy with.

Oscar_The_Grouch

Well done with the quote Nex0 and thanks for coming back and letting us know the outcome.

Nex0

Oscar_The_Grouch wrote: »

Well done with the quote Nex0 and thanks for coming back and letting us know the outcome.

No worries cheers for the help.

McKneff

never, never lie toany insurance company. There is a national data base where they automatically communicate with each other.

marcus45

Don't ever lie to an insurance company you will regret it..

greco_2

raskazz wrote: »

It might not be 'your idea' of fraud, but it is a deliberate misrepresentation of a fact that would influence an underwriter's assessment of the terms he would offer (ie the premium), so it is fraud.

Thi price charged by another insurer cannot possibly be a material fact. The only reason why an insurer requests this information is to try to guage how much it would take for them to secure an order. If in doubt, I would refuse to answer the question.

raskazz

greco wrote: »

Thi price charged by another insurer cannot possibly be a material fact. The only reason why an insurer requests this information is to try to guage how much it would take for them to secure an order. If in doubt, I would refuse to answer the question.

Yes it can be a material fact. Let's use the generally accepted standard definition of a material fact, quoted pretty much verbatim from the CII manuals:

"Any fact or circumstance that would influence the prudent underwriter's deicision to offer cover, or if cover is offered would influence the premium or the terms applied"

It is demonstrably a fact that would influence an underwriter's decision on what premium to offer, due to commercial considerations. Whether an insurer would use such a breach to void a consumer's policy is another question - but why take the risk?