Car Theft Raises Car Insurance Rates

Thief breaking into carThere are many factors that car insurance companies use to determine the price of your car insurance rates. Some of these factors include where you live, what you drive, and how old you are. Car theft rates are another one of these metrics because if your car is stolen, odds are they will have to pay to replace it (depending on the terms of your car insurance policy).

How Car Theft Raises Your Auto Insurance Rates

If you live in an area where car theft happens more often than it does in other areas, then odds are that this risk is factored into your car insurance premium. On the other hand, if you drive a car that is a top target for car thieves, regardless of where you live, that is also factored into your auto insurance premium. If you drive a vehicle that is a frequent target of theft and you also live in an area where car theft is common, then odds are you are paying a good deal more for car insurance than other drivers.

Is My Car Costing Me?

A number of reporting agencies exist which provide helpful data on car theft. Additionally, many popular publications periodically print articles that outline the most stolen vehicles or cities with the most stolen cars. If you live in an area with a high rate of auto theft or if you drive a targeted model, we recommend looking into installing an anti-theft device or taking the steps recommend in this Consumer Reports article on preventing car theft.

Car Safety Guides

Safety is one of the most important aspects of a car. We’ve written a number of car safety guides to help you stay informed and brush up on some not-so-common driving knowledge. The safer you are, the less you pay.Read through the car safety guides below for tips on how to be the safest you can be in your car and on the road. Even if you’re a good driver, a little extra info can keep you that much safer.

Compare Car Insurance Quotes

Share This

Enter your info. Compare companies. Lock-in your price. Be done.