A study conducted by Sainsbury's Bank found that 1.12 million people admitted to having knowingly given false information to an insurance company, while 12.59 million make "a best guess" about information when taking out insurance cover .
Steve Johnson, head of insurance at Sainsbury’s Finance, said: "It really is quite concerning that so many people seem to think it doesn't matter if they take a guess at the information requested at the point of taking out cover.
"Although it may seem like a good idea in an effort to save time, it could become a real headache later when they find they have invalidated their claim."
He added that anyone who was unsure of information they were asked for when applying for insurance should take their time to check the details.
The survey found that 15 per cent of respondents confessed to giving false information when taking out car insurance.
Last week, Andrew Strong of AA Insurance claimed that the ability to shop around on the internet has helped keep the cost of car insurance down.
© Adfero Ltd
Car Finance
Protect Your Health
Save on Your Mortgage