Ten per cent of motorists lie to their insurance company when they insure their car in order to get themselves a cheaper quote, according to new figures from British insurer Admiral.
The company is warning all drivers to tell the truth or risk losing their cover. Admiral, like other insurers cancels hundreds of policies every year because they find out someone has lied when they bought their insurance.
Admiral managing director, Sue Longthorn, said: 'Some people think that by telling a small lie they can get a cheaper quote. In reality they are committing fraud. An insurance policy is a legal contract so its vital that you are honest, or that contract can be claimed invalid and cancelled.'
Common lies told by motorists include not disclosing modifications to the car, insuring a young person's car in the name of an older driver and not mentioning previous claims.
Admiral was set up in 1993. It targets motorists who traditionally pay higher than average premiums, including those under-35 and those living in cities.
