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| *Loan,banking and credit>>>state insurance |
If your car is insured in one state and you live in another, is that insurance fraud? |
If your car is insured in one state and you live in another, is that insurance fraud? All that matters is your car is insured w/your home address, and the state that issued your license. I.E. you live on your own and your car is registered w/mom and dads address. (That is where you receive your mail). Years ago my mothers boyfriend from N.J. used our home address to get cheaper car insurance.......it's a loop hole. He also had to switch to a P.A. driver's license. Its not fraud but you need to advise your agent or your insurance company of your actual residence. Personal auto policies are rated based partially on the state in which you reside. If your insurer finds out later that you reside elsewhere they could re-rate your policy. Good luck. Most of fraud is intent. My car is registered in California and insured by Progressive. The other insurance agencies gave me a lot of crap about having my car registered in California while I'm living in New Mexico. I refuse to register my car in New Mexico until I decide whether I want to keep living here. So far, I want to sell out and move away as soon as possible. Experience yea...your supposed to report to the insurance company any move or lifestyle change such as that. Not necessarily, for example the Hartford is based in CT, but allowed to write policies in many states. As long as the insurance is allowed to write a policy in the state you live in, and knows where the vehicle is parked at night, it's appropriate. If you are living in Florida, and tell your insurance you live in Illinois that would be wrong of course. It depends. If you have recently moved or are a student, no. If, lets say you live in New Jersey (high rates) but deceive the insurance agent by providing an Iowa residence (low rates) just to save money, your policy may be voided by the insurance company if you are in an accident. |
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