Drop in La. Car Thefts May Lead to Cheaper Auto Insurance

Cars parked on streetAuto insurance companies may be dropping rates in Louisiana, thanks to a reported falloff in car thefts.

In 2009, 4,614 vehicles were stolen in Louisiana, down from 5,547 in the previous year, according to the National Insurance Crime Bureau (NICB). The downward trend mirrors what has been happening in several major cities around the country.

“This is good news for everyone with comprehensive auto insurance,” said Louisiana Insurance Commissioner James Donelon. “Motor vehicle theft is one of several determining factors considered by insurance companies when developing auto insurance premiums.”

The largest decline between 2008 and 2009 in the state was in the metropolitan area of Shreveport, at 25.4 percent.

Officials attribute the decline in auto theft to education and a public awareness program launched in 2007 by the Department of Insurance, in which license-plate readers and bait cars were deployed all over the state.

According to the NICB, vehicle theft has dropped annually at the national level for the past six years.

To continue the downward trend in auto theft, the NICB suggests consumers continue to exercise common sense by removing their keys from the car ignition, locking their doors and parking in locations with ample lighting. Consumers interested in more sophisticated ways of protecting their vehicles and getting cheap insurance rates can install a tracking device that can help locate the vehicle if it’s stolen.

About John Pirro
John Pirro is a licensed fire and casualty insurance agent specializing in various aspects of the auto insurance industry. He worked in the auto body repair industry before taking a reporting position at Online Auto Insurance News.

No comments yet.

Comment on this article