Insurance costs for teens have always been high. Adolescents, in addition to being inexperienced drivers, tend to take more risks when driving, which generates a high incidence of fines and accidents. Fortunately, teens with good grades in school can often get a “good student discount” with many auto insurance companies. Some students who do not have such good grades, however, want to falsify their transcripts in the hope that they, too, can get this discount. But can you get away with it?
Well the simple answer is maybe. The insurance company may not double check the forged document you gave them. They may not follow up with the school and get an official transcript. You may not go to jail for insurance fraud. That’s what it comes down to: if you falsify documents to get a better rate, you are committing insurance fraud, and the penalties for such a crime can be quite severe.
There are literally thousands of cases of insurance fraud at any one time and insurance companies take it very seriously. Chances are, unless your vendor is very small, they have investigators working for them investigating anyone they find suspicious. Chances are, you’re not the first person to falsify your grades to get a lower premium, so insurance company investigators will, at a minimum, follow up with your school’s teaching staff to make sure the information is correct. . In fact, it is possible for companies to obtain the document directly from their school to avoid any manipulation.
Another thing to consider is the cost to your parents if you commit insurance fraud. If you are a minor and comply with your parents’ policy, your parents can also be charged with fraud if you provide the company with falsified documents. Something like this is far beyond you and will affect your family for years to come, if not permanently.
If you really want to get a good student discount on your auto insurance premium, the best thing to do is get good grades. Don’t think you can stop the insurance company; They’ve been doing this for years and have seen every trick in the book. Your idea is nothing new and it is totally criminal. It’s not worth saving a few dollars on your premium if you end up facing heavy fines, going to court, or even ending up in jail. High insurance costs are simply a part of adolescence; if you want to drive, you have to pay them. However, before you know it, your costs will start to drop. Don’t even consider faking your grades, it’s not worth it. As long as you keep your nose clean and don’t get involved in any accidents or receive any speeding tickets, your insurance company will eventually slowly lower your premium to a more reasonable and manageable level.