The Truth Behind Insurance Applications: How Many Americans Are Willing to Lie?

The Prevalence of Lying on Insurance Applications

A recent study from finder.com revealed that an estimated 35 million Americans have lied on an insurance application, with car insurance being the most common category for falsehoods. Almost one in three (29 percent) of those who have lied on an insurance application have done so for car insurance, amounting to 10.2 million Americans.

Gender Differences in Lying on Insurance Applications

The study also found that more men lie than women, but women are more likely to lie on applications for health insurance, income protection insurance, travel insurance, home and contents insurance, and pet insurance. Men, on the other hand, lead in lying on car insurance and life insurance applications.

The Consequences of Lying on Insurance Applications

While it may seem like an innocent white lie, lying on an insurance application is considered fraud and can lead to serious repercussions. These can include higher premiums, policy denial, fines, or even jail time. It's important to remember that there are numerous ways to save money on car insurance without resorting to dishonesty.

For those looking to save money on car insurance, the Insurance Information Institute offers tips for shopping around for the best policy. Always remember that honesty is the best policy when it comes to insurance applications.