Car Parked in Garage
These aren’t Lambos that are being stolen, for the most part. The average loss per theft is just These aren ’ deoxythymidine monophosphate Lambos that are being stolen, for the most part. The average loss per larceny is equitable over $ 7,700. But all these thefts add improving to around $ 6 billion per year, which means car insurance companies are paying out a short ton of money — and passing the costs along to you. here ’ s what you need to know about how car larceny can raise your car policy rates, and how you can fight back.

Do High Car Theft Rates Increase Insurance Rates?

car insurers base all their calculations on gamble. So a higher risk of larceny = higher insurance rates. If you live in an area where cable car larceny is park, then that can bump up your indemnity agio — even if your own region is considered reasonably safe !
You might guess that Detroit or Las Vegas are among the cities where your car is likeliest to get stolen. In fact, the cities with the top car-theft rates, according to the Insurance Information Institute, are :

  1. Albuquerque, NM
  2. Anchorage, AK
  3. Pueblo, CO
  4. Redding, CA
  5. St. Joseph, MO

Why are there so many car thefts in Albuquerque? Experts point the finger at drug cartels that both sell stolen cars and use them to transport drugs, weapons, and money between the U.S. and Mexico .
You might besides pay higher indemnity rates if your car is one of the models that ’ second stolen most frequently. Thieves love older vehicles because they ’ ra easy to break into. normally, they ’ ra not targeting luxury vehicles but casual sedans, trucks and SUVs. The top five most-stolen vehicles are :

  1. Honda Civic (especially the 1998 model year)
  2. Honda Accord
  3. Ford F-150
  4. Chevrolet Silverado
  5. Toyota Camry

This means if you ’ re driving an Accord in Albuquerque, you could be paying a good deal more for cable car policy than early drivers. It ’ s not fair, is it ? But you can fight back — all you have to do is compare indemnity quotes from different insurers. Comparison patronize makes it slowly to find the best deal, so you don ’ t have to accept high rates !

Does Car Insurance Cover Theft?

That depends on the coverage you have. If you have comprehensive coverage, it will cover your steal car. If, on the other hired hand, you dropped collision and comprehensive examination coverage to save money on your car insurance, then you ’ re out of luck .
Let ’ s say you do have comprehensive coverage for your steal cable car. When you file a call, don ’ t expect to receive a check big enough to upgrade your ride. Insurance typically covers the actual cash value of your car, not the full substitution value .
If your car is recovered and you discover it ’ mho been damaged, insurance can cover that besides. comprehensive policy should pay to replace any parts that have been stolen, such as the airbag or catalytic converter, or to repair damage caused by the housebreaking. There are a few things policy probably won ’ t cover, such as the larceny of expensive aftermarket parts or the cost of cleaning a stolen car ( if, for example, thieves have been sleeping in it ). For steal personal items, you ’ ll have to file a claim with your tenant ’ second or homeowner ’ sulfur insurance .
What happens if you ’ ve already bought a raw car with the policy money, and then the patrol recover your old car ? here ’ s the bad newsworthiness : You don ’ metric ton get to keep it. It belongs to your insurance company now. however, if you in truth want it back, you can ask your indemnity caller about buying the recover vehicle from them. If it ’ second damaged to the point where its value is minimal, your insurance company may say, “ Sure, keep the car. ”

What’s the Best Car Theft Protection?

OG thieves would fair hotwire cars — a technique that involves connecting the wires in the steering column to connect the battery, the starter and the ignition without the need for a key. But hotwiring has become about impossible in recent years because cars built since 2004 include more twist larceny deterrents.

As a resultant role, car thieves have become more sophisticate. Hacking kits, relay devices, and identify program devices are well purchased on-line, allowing thieves to mimic keyless entry signals or broadcast a vehicle to accept a substitute key. What can you do to defend yourself ?

  • Wrap your keys in foil when you’re not using them. This sounds like one of those hoaxes your aunt loves to share on Facebook, but it actually works. Stashing your key fob in foil (or in a special pouch, which is a little classier) prevents thieves from copying the access code it emits, thus keeping your car safe from theft.
  • Don’t entice thieves with puffer cars. “Puffers” are cars left running in the driveway to warm up during the winter months. They’re easy for thieves to spot — they just look for clouds of exhaust— and even easier to grab. In many cities, it’s actually illegal to leave your car parked and idling.
  • Keep your car super clean. A tidy, empty interior is a really effective theft deterrent. Thieves are easily tempted by jackets and bags (there could be a wallet inside) and charging cords (is there a laptop under the seat?)
  • Don’t leave your keys in the car! You probably think it’s OK to leave your keys in the car every now and then while you dash into the convenience store or donut shop. No one would dare steal it in broad daylight, right? Guess what: They dare. In 2015 alone, 57,096 vehicles were reported stolen with the keys left in them, according to the National Insurance Crime Bureau. If this happens to you, we guarantee you won’t get much sympathy from the police.
  • Add an anti-theft device to your car. This can be as simple as an old-school Club or as high-tech as a remote disabling device. Car insurers will often offer cheaper quotes if you have car theft protection devices, so don’t forget to include them when you’re comparing quotes.

Read more: How Do You Get An Anti-Theft dismiss on Car Insurance ?

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