11/30/2023 0 Comments Car insurance card template freeFake insurance cards are often created using an auto insurance card template. Specifically, auto insurance fraud adds up to $300 a year to car insurance premiums, estimates the National Insurance Crime Bureau.Īccording to the Insurance Information Institute, auto insurance fraud can take many guises: misrepresenting facts on an insurance application, exaggerating insurance claims, staging fake accidents, submitting claims for injuries or damage that never occurred, submitting false reports of stolen vehicles and using a fake insurance card.Īn auto ID insurance card is proof that you are maintaining financial responsibility for your state's mandated minimum auto insurance. ![]() The total estimated cost of insurance fraud, excluding health insurance fraud, is more than $40 billion a year in the U.S., costing the average family up to $700 per year in the form of increased premiums, according to the FBI.
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