Fraudsters Claiming Luxury and Exotic Cars as Farm-Use Vehicles to Save on Insurance!

If you’ve ever owned a car that’s even slightly upmarket or exotic, you’ll know that insurance premiums can be a real headache. However, some owners are combating this by claiming that their vehicles – among them Porsches, Mercedes-Benzes, Audis and BMWs – are for…farm-use.

In other words, the insurance companies are being led to believe that these high priced luxury and exotic models are being used to haul bales of hay and the like and rarely leave their owner’s properties. In turn, these owners are paying as much as 20% less on their insurance premiums.

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