If you know what to watch out for, you can avoid these common car insurance scams that cost auto insurers and consumers billions of dollars every year.
Edited by: Rashawn Mitchner, Senior Editor
According to the FBI, non-health insurance fraud costs the average American family between $400 and $700 per year. Many car insurance scams are designed to simply take your money, while others, like staged accidents and fraudulent airbags, can put you directly in harm’s way.
In this article, our Guides Auto team will highlight a few of the most common car insurance scams and share some tips to help you avoid them. We’ll also cover the best ways to report any car insurance fraud you might encounter.
Key Takeaways:
Unfortunately, there’s no shortage of ways people can take advantage of insurance companies and policyholders. The Coalition Against Insurance Fraud (CAIF) reports that insurance fraud costs the U.S. more than $308 billion annually. As you might expect, car insurance scams are responsible for a significant portion of this sobering figure. In the sections below, we’ll break down a few of the most common car insurance scams and how you can avoid becoming a...
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