Mistake #1 – Mislabelling the Car’s Usage
When you speak to your insurer or broker, you need to confirm to them how you use the car. This essentially means to what extent you use the car. The usual categories that insurers divide car usage into are social, social and commuting, and business use.
Mistake #2 – Misstating the Car’s Home Address
It is cheaper to insure cars that are based in some areas. This is usually due to the lower crime and accident rates in some areas compared to others. If you state that your car is based in one area, when in fact it is based in another, your insurance can be invalidated.
Mistake #3 – Getting Your Job Wrong
You have to be honest with your insurer about what your job is. This is due to the unfortunate fact that some professions are simply more likely to be involved in risks than others. Despite this, some people continue to inaccurately state their profession on insurance documents.
Mistake #4 – Not Reporting Claims
When you buy insurance, the broker will usually ask you what claims or accidents you might have had. This is so that they can determine how much of a risk you are likely to represent. If you don’t accurately report your claims and accident history, you are not reporting the necessary facts to your insurer.
Mistake #5 – Not Reporting Convictions
Equally, your personal history affects your quotation. Failing to properly disclose your history with the law could invalidate your policy – as you now represent a different type of risk. Make sure that you tell the insurers of everything that they genuinely need to know.