You might not think a little white lie hurts anyone, but if you’re caught, it could have serious implications. Insurance fraud costs billions of dollars each year, and you could face:
Car insurance application denial
Inability to get car insurance in the future
Fines and penalties
Jail time and/or criminal penalties (plus a criminal record)
Claim denial
Increased insurance premiums
It’s not worth the risk of getting caught and charged if you commit soft insurance fraud by lying on the application or overstating your car claim.