Insurance premiums for frequently stolen vehicles increase due to high claim rates; reduced by installing tracking devices, secure parking, and choosing less targeted vehicles.
Insurance premiums for frequently stolen vehicles, such as Honda CR-Vs, Dodge RAM 1500 series, and Ford F150s, have increased due to high claim rates. To reduce premiums, experts suggest installing a tracking device, parking in a garage, and choosing vehicles less likely to be stolen. Some insurance companies may offer discounts or reimburse partial costs of a tracking device, which can lower the risk of theft and potentially save policyholders up to 30%. Taking preventive measures, shopping around for insurance, and parking in a secure location can also benefit car owners in the long run.
April 15, 2024
14 Articles