Insurance fraud isn't just a problem for insurance companies. It's your problem, too. According to FBI statistics, non-health insurance fraud costs $40 billion annually, which you cover by paying annual premiums $400 to $700 higher than they'd be if there were no fraud at all [source: Theim].
Outraged? Insurers sure hope you are. They're also increasingly vocal about asking their customers to help them out by taking the following actions:
- Checking all bills for medical services, auto repairs and the like to make sure they list only the services and repairs that were performed
- Calling the police if you're involved in a fender-bender, then filing a report and taking photos of the damage to both cars. This way, if those in the other vehicle try to falsify a claim, you'll have proof of what really occurred.
- Being leery of doctors who push you to file a personal injury claim after an accident, even if you weren't injured. They make be in cahoots with others [source: Nationwide].