According to a survey, more than half of all auto insurance applicants are giving false information in order to save a few bucks or lowering their premiums. Car insurance is expensive, this reason alone is the triggers why the applicants give false information. The false information usually about traffic tickets, accidents, the vehicle treatment or the drivers. If the applicants who give false information file a claim, insurance company will find out. Some insurance companies have their own investigators to verify the accuracy of the applications as well as investigate claims. Through the investigations, insurance companies are allowed to give civil fraud penalties and the have the rights to revoke or cancel the insurance policy.

To decide customer's insurance rate, insurance company uses basic information, driving record, credit history, the average number of miles and their vehicle's year, model and manufactured date. They also often ask about your vehicle treatment and where you park your vehicle, is it in the garage or not. The purpose of giving false information - to make an image that the applicant look like a better driver than the other applicant. This strategy is used to lower insurance premiums. All drivers have a chance of getting involved in accidents every year. Not only that, their vehicle might stolen or vandalized. Simply relied on luck is a gamble. You might wish that you don't have to involved in accident and don't have to file a claim. What if you have to file a claim while you give false information beforehand? What if the insurers found out that you lied?

For your information, auto insurers will not give leniency if they know you give false information no matter what excuse you give. You can say that you forgot to tell important information or made a mistake but insurers also have similar history with other applicants who lied before. Auto insurance company may label it as fraud. The consequences is policy cancellation, unable to get new coverage, fines, legal action (to pay back premiums) or even jail depending on how crucial your lies are. These are the typical lies which applicants often tell to auto insurance company:

People go to the gym for various purpose, but mostly they want to achieve body goal or simply want to be healthier. Other benefit from working out at gym is you can lower your insurance premiums. Actually, if you do not go to gym but doing exercise at home, jogging at park will work as well. Any kind of sports or exercises will do. The main purpose is a health benefit. Health is one of several qualifications for insurance company to determine insurance premium. So, if you are a smoker, drinker, overweight or have chronic disease, you can not lower your insurance premium. The insurance company even might encourage you to have healthier lifestyle. And the benefit will come to you, isn't it?

Life Insurance Health Program

It is rare for life insurance company to give discount for their customer. But there are few of them give discount with terms and conditions. One of the conditions is, the customer will be monitored, like 24/7. The insurance company will give monitoring device that tracks customer's physical activity. Customer will accumulate points through exercises they have done such as sit-ups, push-ups, running, jogging, etc. They will get discount based on their level. The higher the level, the bigger the discount. However, insurance company can cancel the discount if customer don't record any activity for a period of time. Basically, they will know if you are slacking off. 

Health Insurance Program

Several health insurers give incentive that lower insurance premiums if the participants show improvements on their health record. Health insurance company use their wellness program to encourage healthier lifestyle and get lower insurance premiums as bonus. They use tracking devices to measure body mass index, blood pressure and cholesterol level at different intervals. Then, the insurers assess overall wellness of the group as a whole and adjust the premiums when there's any improvement.

Company Wellness Program

Many companies offer wellness program and give financial incentive for their employees. The purpose is encourage their employees to exercise regularly and having healthier lifestyle. It gives some benefits to companies too, as they could save cost on health expenses and lower the group health insurance premiums. Beside, the employee will have fewer sick days and their productivity might improved as well. The financial incentives are varied among the companies based on the company's policy.

Make A Move!

Whether you have insurance or not, it will not hurt if you start to life healthier. Have a healthy life is not only give benefit to your body, but also some aspect in your life. Stop smoking and drinking, get healthier lifestyle. 

Many people didn't realize that they purchase insurances with same kind of coverage. Most of them didn't read the policies thoroughly so they end up having similar coverage. This similar coverage can be eliminated to save more money for savings. Here is the example coverage that have similar type. By reading your existed policy thoroughly, you can avoid waste money for similar coverage.

Individual and Group Life Insurance

Purchasing life insurance means protection for the survivor from financial loss when the family member (insured) die. Life insurance have several products such as term life, permanent coverage and universal life. Employers also offer life insurance for their employees in group term life insurance. Group insurance usually cheaper than individual life insurance, the employee also get premium subsidies as a benefit package from the employer. Group life policies typically don't need medical examination, so the employee get more benefit than buying life insurance individually. Group policy itself might be enough to protect a family from financial loss although group policies 

are relatively small and only pay two or three times employee's salary. If you think group policy is more than enough for your family, then you don't have to buy individual life insurance. But you also have freedom to combine group and individual life insurance if you need it. 

Rental Car

Rental car company usually offer a coverage when you rent a vehicle on vacation, so if there is damage to the vehicle, you will not responsible to pay the damage. However, the coverage is quite expensive and thus increasing the daily rental price. In addition, the rental car company seems to force the customer by giving warning about liability you will face if you don't purchase the coverage. If you have car insurance, whether it's collision or comprehensive type, you might be able to avoid purchasing rental car coverage. Rental car coverage might be included in your exist coverage. Before rent a vehicle, you need to read your policy again, it's better to examine it several days before. Or you can ask your agent and get explanation from them. After that, you can compare your coverage with the rental car company offered policy. The rental car company should have detailed information regarding damage and other options which you can search it on their website. 

Another option is credit card. When you use your credit card to rent a vehicle, you can get limited coverage on rental car damage. Though not all credit card company offer a coverage, but you can check with your credit card company. By doing so, you can avoid wasting money on vacation for something you might not need.

Warranty

When buying certain products, you are often offered, with pressure, an extended warranty by the retailers. This warranty will extend the manufacturer's standard warranty (90 or 180 days) and mostly expensive. If you purchase the product with your credit card, you don't need extended warranty. Because some credit card companies also offer extended warranties when customers purchase with their cards.