1 in 5 drivers admit ‘fronting’ car insurance
When you wish to save money, you should not do that by breaking the laws of the country but the parents today are doing so and filling up their pockets. A research was conducted to see what percentage of people were involved in car insurance frauds and the research brought out the fact that in order to save money, almost one fifth of the people are getting involved in car fronting. In this fraud, someone else owns car insurance policy but they incorrectly say that they are the one who own the car insurance policy.
Fronting occurs mostly in the cases where parents take insurance policies for themselves and their cars but the actual drivers of the car are their children. The parents do this as the insurance policies for younger people are more expensive than the ones for older people. If a person in convicted of this type of a fraud, the person who is driving the car and the one who owns the car insurance policy will be subject to penalties and fines. This is why the parents are being advised that they should not take such a risk and d not get involved in car insurance fronting.
Some people feel that this is not the right way to cut costs while others think that this is a loophole in the law itself. If you are looking for a cheaper car insurance policy, you should compare car insurance policies and then buy the one that you think is the cheapest. There are a number of policies that are available on the comparison sites. This way you will not have to take the risk and will also be able to save a substantial amount of money.
Article written by the marketing division of Compare.Com.