GEICO ASKS: What two items should you never leave in your vehicle?
WASHINGTON, D.C., Sept. 5, 2018 – Two items that drivers regularly leave in their glove compartments could lead to fraudulent claims and even identity theft, says Douglas Shiring, GEICO's director of special investigations. (Hint: 1) Insurance policy card, and 2) Vehicle registration.)
"You might not think that leaving your insurance policy card and vehicle registration can lead to identity theft but they can."
Identity thieves can make a fraudulent claim using your policy information card, and if your vehicle is stolen, a theft could claim legal possession by using the registration. Using a stolen driver's license and social security number, identity thieves can also apply for vehicle insurance in your name as a means to make fraudulent claims. "Insurance fraud is a growing business making billions of dollars a year," Shiring added. "That makes insurance fraud equivalent to the GDP of 182 worldwide economies."
- Don't leave any information about you or your vehicle in the car.
- Keep vehicle and policy information in your wallet.
- Better yet, use a safe digital application like GEICO Mobile to store key driver documents.
GEICO Mobile allows you to report a claim and have all of your insurance information in the palm of your hand in a safe and secure application.
The cost of insurance fraud to the victim may include legal fees, deductibles, overdraft fees, as well as your time to straighten out the claim can exceed the seven day, $1,300 average. Take the time to protect yourself from insurance fraud and identify theft by not leaving valuable information in the car.
Auto insurance fraud can range from staged accidents, embellished claims and, yes, identity theft.
GEICO (Government Employees Insurance Company), the second-largest auto insurer in the U.S., was founded in 1936 and insures more than 28 million vehicles in all 50 states and the District of Columbia. A member of the Berkshire Hathaway family of companies, GEICO employs more than 43,000 associates countrywide. GEICO constantly strives to make lives better by protecting people against unexpected events while saving them money and providing an outstanding customer experience. Along with personal auto insurance, commercial auto and personal umbrella coverages are also available. Homeowners, renters, condo, flood, identity theft, term life, and more coverages are written through non-affiliated insurance companies and are secured through the GEICO Insurance Agency, Inc. Visit geico.com for a quote or to learn more.