Not telling your insurer everything

What are the implications?

Hoping to save money, you "forget" to tell your insurer that your new spouse regularly borrows your vehicle? Or that your 17-year old now drives your car? Or you don't tell him that you use your car to drive to work and back?

Bad decision. This kind of information has a direct influence on the likelihood of having an accident and, consequently, on the risk you represent. By choosing to hide this information from your insurer, your run the risk of not being indemnified should you have an accident, or of just being partially indemnified.

Looking to save money? Choose instead to raise your policy deductible and shop around for insurance. And most importantly, drive carefully.