Stolen Cars and Their Effect on Auto Insurance Rates

There are many factors that influence auto insurance rates. A major consideration for auto insurance providers is how often a certain make and model is stolen. If your type of car happens to be a common target of car thieves, chances are your insurance rates will be higher.

Most Frequently Stolen Cars in 2008

1. 1994 Honda Accord
2. 1995 Honda Civic
3. 1989 Toyota Camry
4. 1997 Ford F-150 Pickup
5. 2004 Dodge Ram Pickup
6. 2000 Dodge Caravan
7. 1996 Jeep Cherokee/Grand Cherokee
8. 1994 Acura Integra
9. 1999 Ford Taurus
10. 2002 Ford Explorer

Source: National Insurance Crime Bureau

Here are 4 things that will help you safeguard your vehicle:

Common Sense

An unlocked vehicle with a key in the ignition is an open invitation to any thief, regardless of which anti-theft device you use. The common sense approach to protection is the simplest and most cost-effective way to thwart would-be thieves.

Warning Device

Installing a visible or audible device which alerts thieves that your vehicle is protected can help protect your car, and could get you a lower insurance rate. Types of devices include audible alarms, steering column collars, steering wheel locks, brake locks, and wheel locks.

Immobilizing Device

You can also try a device which prevents thieves from bypassing your ignition and hot-wiring the vehicle. Some electronic devices have computer chips in ignition keys. Other devices inhibit the flow of electricity or fuel to the engine until a hidden switch or button is activated. Popular devices include smart keys, fuse cut-offs, kill switches and starter/ignition and fuel disablers.

Tracking Device

Tracking devices emit a signal to a police or monitoring station when the vehicle is reported stolen. Tracking devices are very effective in helping authorities recover stolen vehicles.

If your type of car is frequently stolen and you are worried about how much you'll have to pay for insurance, shop around for the lowest rate at InsuranceRates.com.