A study has shown that one in ten adults have admitted to making fraudulent insurance claims. This is despite 91% of the population considering insurance fraud to be a serious offense. A minor proportion of 14% stated that they would definitely report someone if they had knowledge of them committing insurance fraud. Some 21% of the people asked, believed that everyone embellishes when making an insurance claim. The possibility of insurance fraud was widespread over all social groups, ranging from high income to lower income people.
Fraud costs the UK £1.5billion per year and it is estimated that fraud adds an extra 5% on to the typical policyholder's premium.
However, those who do pay their car insurance and not pull any scams may want to join the 'car wagon' and wish for lower car insurance, in return for greener cars.
Many drivers are prepared to pay that little extra for a new car that is friendlier to the environment in an exchange for cheaper car insurance. An insurance poll showed that on average, drivers would pay 4.8% more for a new car if it was proved to have low carbon emissions.
Fraud costs the UK £1.5billion per year and it is estimated that fraud adds an extra 5% on to the typical policyholder's premium.
However, those who do pay their car insurance and not pull any scams may want to join the 'car wagon' and wish for lower car insurance, in return for greener cars.
Many drivers are prepared to pay that little extra for a new car that is friendlier to the environment in an exchange for cheaper car insurance. An insurance poll showed that on average, drivers would pay 4.8% more for a new car if it was proved to have low carbon emissions.