Michigan Insurance Fraud Awareness Coalition
Put the brakes on insurance fraud
The Cost of Insurance Fraud To You
Insurance makes a dent in everyone's pocketbook. It is estimated that one out of every 10 insurance claims is fraudulent.
In Michigan, that translates into at least a billion dollars each year.
What does that mean to you? The average family pays at least $100-200 each year in additional home and auto insurance premiums for fraudulent claims. If you add other types of fraud, such as health care and life insurance, it pushes up premiums even more.