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Younger generation think it’s acceptable to embellish facts to get cheaper car insurance

17 November 2014

Research by Gocompare.com car insurance has found that 33% of UK drivers aged between 18 and 24 don’t mind telling a few fibs to get a cheaper car insurance quote - compared to 1 in 5 (18%) of all those surveyed.

Half (50%) of those aged between 18 and 24 also said that they believed everyone told a few white lies when it came to quoting for car insurance, and just under three quarters (70%) of that age group believe that insurers charge too much for cover, so they can afford it.

But the older generation aren’t so keen on telling a few fibs to get a cheaper quote, as only 6% of those aged 65 and over agree that it’s acceptable, and nearly two fifths (37%) in that age group think that everyone tells a few porkies to get a cheaper car insurance quote.

  • 14% confessed they had guessed or lied about their annual mileage;
  • 5% fibbed about where their car is parked;
  • 5% lied about their job titles;
  • 5% have admitted to damaging a car and driving off;
  • 3% hid the truth about previous claims;
  • 3% told porkies about the points on their licence.

Matt Oliver, Gocompare.com’s car insurance spokesperson, said: “It’s good to see that most people are open and truthful when it comes to getting a car insurance quote, as the onus is on the consumer to be as honest and careful as possible when signing an insurance document and to take reasonable care not to make a misrepresentation.

“Car insurers take all of the information given to them to calculate the cost of your car insurance – everything influences the final price. Overinflating or excluding crucial details could have a massive effect on your quote, and could mean that the insurance you take out could be cancelled or invalidated, an insurer could even decide not to pay out should you have an accident.

“Having any insurance product cancelled could end up in insurers refusing to cover you in the future – for any product.”

Matt added: “When getting an insurance quote make sure you have all of your details to hand – take your time filling out every detail in the quote process, you will then get as accurate a quote as possible which should then give you the right product for you and your needs.

“Everyone likes to save a few pounds here and there, but stretching the truth when getting an insurance quote is a false economy. Insurance does exactly what it says on the tin – ensures that should something happen to you or your car, that are adequately protected and that you, hopefully, won’t end out of pocket – therefore, when applying for a quote ensure you do all you can to give as much accurate information as possible. Otherwise you could end up paying through the nose for insurance that is useless when you need it most.”


Notes to editors

*On 30 July and September 12th 2014 an online survey was conducted among 2,038 randomly selected British adults age 18+ who are also Springboard United Kingdom Community members. The margin of error—which measures sampling variability—is +/- 2.2%, 19 times out of 20. The results have been statistically weighted according to the most current data on age, gender, region, and education from the most recent census data, to ensure the sample is representative of the entire adult population of the UK. Discrepancies in or between totals are due to rounding.