There are "little white lies", as people call them, that many think are harmless. These are lies that usually don't appear to hurt anyone, and that are usually close to the truth. These so-called white lies, however, can sometimes cost you dearly. This is especially true when attempting to obtain Tennessee car insurance. They can cost you a lot, and they cost insurers billions of dollars annually in lost premiums.
Three examples of lies that people tend to use in reference to their insurance information are the number of annual miles driven, the number of drivers, and discounts that one no longer qualifies for. Being truthful may initially cost you more money in premiums, but the cost is much more over time if the truth is not told. Sometimes these untruths are accidental, but often they are intentional in an attempt to save a few dollars.
One such lie is about the number of miles driven annually. The lie may be intentional, knowing that the more miles driven, the higher the premium. However, it may be unintentional, such as not accurately figuring the distance driven to work daily. It may also be inaccurate due to an unplanned trip, or a move further from work. Also, one may underestimate the number of miles over a year that is consumed in driving to church, shopping, school, etc. It is easy to underestimate how many miles can add up with mundane tasks.
Another inaccuracy is in reporting the number of drivers in the household. Sometimes this is due to trying to keep a teen-aged driver off the record due to higher premiums. However, it can very well be accidental due to a driver becoming licensed and the parent just forgetting to add them to the policy. A marriage can add a driver, but it is just forgotten in all the rush to report it to the agent or company.
Discounts that a person no longer qualifies for, but forgets to report, is another area of inaccuracy. One example is a student discount. The person either finishes school or drops out, so is no longer entitled, but forgets to report it.
There is a good reason for being honest and accurate in reporting on these issues. For one, the company can refuse coverage if they believe you intentionally lied about something. Additionally, they can refuse to pay your claim if there are discrepancies noted. Plus, the loss in premiums from dishonest policy holders means a higher premium for honest ones.
Motor vehicle owners, you can find details about Tennessee car insurance requirements and tips on how to save on coverage, right now.
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Allan Koenen
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