Don’t get dinged by
auto insurance scams
March is Fraud Prevention Month. According to a recent poll commissioned by FSRA, almost 75% of respondents with auto insurance believe that auto insurance fraud is widespread in Ontario. While Ontario drivers are worried about falling victim to auto insurance fraud, only 1 in 5 would know how and where to report it.
3 tips to prevent, report and identify auto insurance fraud
Know who you are dealing with.
Before purchasing insurance, make sure your broker, agent or insurance company is licensed to do business in the province.
Take the time. Report the crime.
We all have a part to play in preventing fraud. If you are a victim of or suspect auto insurance fraud report it.
Spot the fraudster.
There are a number of fraud schemes to look out for from staged collisions to fake pink slips.
You can also view this checklist for quick tips on how to prevent and report fraud.
Did you know?
As a driver in Ontario, you have a right to:
- Reasonable repair of your damaged vehicle
- Know from which companies your broker received quotes and the amounts
Learn how FSRA protects you
The Financial Services Regulatory Authority of Ontario (FSRA) is an independent regulatory agency. We regulate Ontario’s auto insurance sector. Our role is to ensure agents and businesses that sell auto insurance comply with Ontario’s laws, including meeting the qualifications and requirements for a license.