Theft Deterrents May Provide Auto Insurance Discounts, Reduce Losses

Driver locking a vehicleVehicle thefts are down in a many areas, according to a recent report from the National Insurance Crime Bureau.

Living in an area with a low percentage of vehicle thefts can contribute to low cost auto insurance. Having theft deterrents in an automobile can also provide discounts along with lowering the chance of car theft.

When a consumer is protecting their vehicle, the NICB suggests a four-layered approach. The first is common sense. Drivers should always take the keys out of the ignition, lock doors, close windows, and park in safe, well-lit areas.

The next three layers may end up providing a driver with auto insurance discounts. The second is to install an audible alarm or visible warning device that will tell car thieves the automobile is protected. Well known options are steering column collars, VIN etching, and theft deterrent decals.

The third, an immobilizing device, keeps criminals from bypassing the ignition and hotwiring the automobile or making the vehicle inoperable. These can include smart keys and kill switches. The last layer is a tracking system that will send a signal to a monitoring station or to the police if the automobile is stolen.

According to the FBI there were more than 950,000 motor vehicles stolen in 2008, totalling losses of over $6.4 billion caused by theft.ADNFCR-3298-ID-19791064-ADNFCR

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