I know they base their calculation of our premium partly on how far I drive to work and their actuarial tables, but (to put this bluntly) should I lie? Or are they going to check my home address versus my work address anyway? Or does it not even matter?
2006-06-06 08:13:30 · 4 answers · asked by Anonymous in Business & Finance ➔ Insurance
You should tell them the truth. If you say you only drive five miles a day when you actually drive 40.....it could come back to haunt you. Some companies will cancel you if you are involved in an accident and your mileage at the time is way more than what it should be based upon what you told them you drive.
2006-06-06 08:19:16 · answer #1 · answered by startwinkle05 6 · 4⤊ 2⤋
Depending on the insurance company, if you drive, usually under 10 miles to work, you get a reduced premium. If you lie and are caught, you will be canceled and a claim may be disallowed. This may prevent getting insurance at a reasonable rate in the future. Some companies will ask mileage once a year and will check this against the odometer if the car is in an accident. The truth is the best policy in this case.
2006-06-06 09:03:31 · answer #2 · answered by cyclist 3 · 0⤊ 0⤋
Yup. If you ever have to file a claim, it will come out anyway. Remember, if you are in an auto accident, and it is someone else's fault, your insurance company pays the claim. They will investigate for facts, and if the mileage on your car doesn't mesh with what you provided, they may have a right to deny your claim.
2006-06-06 16:50:43 · answer #3 · answered by asking-a-question 3 · 0⤊ 0⤋
I don't think it matters. You can lie if you want. I did it before but later gave them the real distance I'm taking to go to work. The premium didn't chang
2006-06-06 08:21:29 · answer #4 · answered by gerreek 1 · 0⤊ 0⤋