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DID YOU KNOW?
Source: © The National Insurance Crime Bureau, 2006.
- In the United States, two vehicles are stolen every minute.
- Approximately 1.2 million vehicles each year wind up in the hands of thieves.
- Vehicle Theft is the Nation’s #1 Property Crime, costing an estimated $7.6 billion each year.
- The average comprehensive insurance premium in the U.S. rose 11.2 percent from 1999 to 2003.
Insurance Discounts
Source: © Insurance Information Institute, Inc.
According to the National Association of Insurance Commissioners, regulations require insurers to provide car owners with discounts on comprehensive insurance for anti-theft devices in the nine states listed below:
- Florida
- Illinois
- Kentucky
- Louisiana
- Massachusetts
- Minnesota
- New Mexico
- Pennsylvania
- Rhode Island
In four other states insurers may offer these discounts or are encouraged to offer them. The amount of the discount varies but is typically 15 to 20 percent for passive devices, which are automatically activated when the vehicle is locked. In some cases, combinations of devices, anti-theft & auto recovery, can result in a 36 percent discount.
Insurance companies, in states that do not mandate discounts, such as Georgia, New Jersey, New York and Washington, encourage car owners to install anti-theft devices by voluntarily providing discounts. |
