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.