Here are some tips to avoid being a victim of fraud when purchasing a car or car insurance:
- If it seems too good to be true, it probably is.
- Do not send money or give cash upfront to anyone – especially those claiming that you’ll receive your policy or car keys in the mail.
- Take the opportunity to sleep on it. If you’re being pressured into something or it’s a “one-day deal”, it’s probably a scam.
- Do your homework. When purchasing a car, make sure you obtain a vehicle history report. And when selecting an insurance company, check with the Financial Services Commission of Ontario (FSCO) to validate the insurer.
For more information on insurance fraud, check out these articles:
- We All Pay for Auto Insurance Fraud
- Beware of Ontario Auto Insurance Fraud
- Why Insurance Fraud Doesn’t Pay
- The Consequences of Lying to Your Insurance Company
- 7 Tips to Avoid Auto Insurance Scams