Insurance costs for teens have always been high. Teenagers are not only inexperienced drivers, but they also take more risks while driving, resulting in a high incidence of speeding tickets and accidents. Fortunately, those teens with good grades in school can often get a “good student discount” from many auto insurance companies. However, some students who don’t have such good grades want to falsify their transcripts in the hope that they too can get this discount. But can you get away with it?
Well, the simple answer is maybe. Maybe the insurance company won’t look twice at the forged document you gave them. They may not contact the school or get an official transcript. Maybe you don’t go to jail for insurance fraud. The bottom line is, if you falsify documents to get a better rate, you are committing insurance fraud and the penalties for such an offense can be quite severe.
There are literally thousands of insurance fraud cases at any given time and insurance companies take this very seriously. Chances are, unless your provider is very small, they have investigators working for them who monitor anyone who finds them suspicious. It’s very likely that you’re not the first person to ever falsify your numbers to get a lower premium, so the insurance company’s investigators will at least check with your school’s faculty to make sure the information is up to date. is correct . Instead, may companies get the document directly from your school to avoid tampering.
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Another thing to consider is the cost to your parents if you commit insurance fraud. If you are a minor and listed on your parent’s policy, your parents could also be charged with fraud if you provide the company with forged documents. Something like this goes way beyond you and will affect your family for years, if not permanently.
If you really want to get a good student discount on your car insurance premium, it’s best to get good grades. Don’t think you can hand one over to the insurance company; they’ve been doing this for years and they’ve seen every trick in the book. Your idea is nothing new and it is completely criminal. Saving a few bucks on your premium isn’t worth it if you’re facing hefty fines, going to court, or maybe even going to jail. High insurance costs are part of being a teenager; if you want to drive you have to pay them. But before you know it, your costs will start to drop. Don’t even consider faking your numbers, it’s not worth it. As long as you keep your nose clean and don’t get into accidents or speeding tickets, your insurance company will eventually slowly lower your premium to a more reasonable and manageable level.