CARCO Has Helped Dismantle Numerous Car Fraud Rings

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CARCO, the leading provider of mobile technology for pre-insurance inspection services in the U.S., has saved car insurance companies and consumers a lot of money.
Over the past 5 years alone, the company has saved the industry over $2.4 billion by helping identify fraudulent car insurance claims.
A man with a clipboard inspects a car
Getting a CARCO inspection is almost never a bad idea | Twenty20

CARCO tips that took down crooks

Although CARCO’s technology is used daily to prevent fraud, the company’s app has played a vital role in dismantling a number of million-dollar fraud rings over the past few years.
In 2013, CARCO helped the NYPD break up a car theft ring that stole over 300 vehicles with an estimated value of $15.5 million, according to the New York Times.The New York Attorney General also thanked CARCO for its role in dismantling a $1 million insurance fraud ring in 2018.
While CARCO helps catch the big fish, the company’s primary role is in identifying smaller crimes. According to its website, the company helps investigate 11,000 incidents of potential vehicle fraud per day, with 175 million new fraud preventive data points added annually.

How CARCO inspections help save you money

Whether providing tips to take down organized crime or helping law enforcement catch small-time crooks, CARCO’s pre-insurance inspections and data collection keep premiums down.
According to Edmunds, auto insurance fraud adds up to $300 to your premiums every year. CARCO’s pre-insurance inspections help catch culprits before their fraudulent claims add to that number.
By getting a CARCO inspection, you can rest easy knowing that your vehicle’s condition pre-insurance is well documented. When you need to make a claim, you are much less likely to end up looking suspicious to your provider.

Where CARCO inspections are required

Five states require you to get a CARCO inspection:
  • Florida
  • Massachusetts
  • New Jersey
  • New York
  • Rhode Island
The company has developed a vast network of registered glass repair shops, tire stores, gas stations, car dealerships, and muffler shops across these states to conduct CARCO inspections.

Other ways to save on car insurance

While the savings insurance companies make on fraud security trickle down to consumers like you, there are other, easier ways to save on car insurance.
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