Tampa Ranks First in Auto Insurance Fraud

Posted in Auto Insurance

March 15th, 2010

Wondering where the highest cases of auto insurance fraud have occurred in the past year? Look no further than Tampa, Fla. According to the Tampa Police Department, the city is number one for fraudulent auto insurance claims.

Fraud on the Rise

The Tampa Police Department has recently reported that it has made 240 arrests for insurance fraud. The good news is that these arrests have led to 156 convictions. While scammers are out there committing fraud, many of them are getting caught as well.

It’s pretty common for people to try to run various scams to lower their auto insurance rates. However, while many of the scammers get caught, there are repercussions to the increases infraudulent auto insurance claims.

Insurance Rates Are Rising as a Result

Recently, we reported that auto insurance premiums were seeing rate increases and that these increases had everything to do with the increase in auto insurance claims. In particular, State Farm insurance acknowledged significant rate increases of 9.2 percent that affected nearly 3 million policyholders.

Unfortunately, increases in insurance premiums only encourage more fraud, which is why it’s good to know that there are legitimate ways to lower premiums, including increasing your deductible, checking for discounts and most important, shopping around for cheaper quotes.

If you are ready to make the most of the affordable auto insurance available to you, visit Go Insurance Rates today.