Rate Evasion

Plain English Definition: Rate evasion occurs when policyholders provide false information to get lower insurance rates.

What Rate Evasion really means for someone with an insurance policy

This fraudulent activity can lead to policy cancellation, fines, and denial of claims if discovered.

Rate Evasion Real World Examples

• Using a friend’s address to get cheaper auto insurance rates.
• Underreporting business revenue for lower commercial insurance premiums.
• Misrepresenting a car’s primary use to reduce premium costs.