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10% of UK drivers lie to get cheaper insurance

Up to 10% of UK drivers have lied during a car insurance application, according to research released by RAC Financial Services.

The most common lie is that the car is kept more securely than it is. Others involve under-estimating the car value, lying about its performance or giving the wrong address. All of these are intended to save money by lowering insurance premiums.

RAC Financial Services says: “This can be a false economy however, as many insurance policies will be invalid if the details given are incorrect. It is possible to save money by shopping around and comparing cover - companies like QuoteA will do this on your behalf.”

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