As vehicle theft rates continue to rise, it’s crucial for car owners to take proactive steps to protect their vehicles. MIR provides a comprehensive guide on how to prevent car theft and understand its impact on auto insurance.
The Rise in Vehicle Theft Trends
In Canada, a car is stolen every six minutes. The reasons behind these thefts range from joyriding to resale in other countries, or even for use in other crimes.
Modern theft methods have evolved, including exploiting VINs, intercepting smart key fobs radio frequencies, and using technology like Apple AirTags for tracking.
Preventative Measures to Secure Your Vehicle
The Impact on Auto Insurance
The likelihood of theft based on vehicle type and location can influence your insurance premiums. Not all auto insurance policies cover car theft, so opting for comprehensive, all perils, or specified perils coverage is essential. The type of car you own, like the Honda Civic, which is commonly stolen in Ontario, can affect your rates.
Residing in high-theft areas also contributes to higher premiums. In the unfortunate event of theft, report immediately to the police and your insurer, if your policy includes theft coverage.
Filing an Insurance Claim
If your vehicle is declared a total loss after a theft, insurers usually pay out the actual cash value, factoring in depreciation. For recovered vehicles, compensation for damages depends on your insurance coverage.
To Sum Up
With vehicle theft on the rise, understanding and implementing effective theft-prevention strategies is key. Additionally, being informed about the type of insurance coverage you have can save a lot of stress and financial strain in case of theft.
At Mobile Ignition Repair & Car Key Services in Ottawa, we understand the importance of vehicle security and are here to assist with any key replacements or security enhancements you may need. For more information or assistance, feel free to contact us at (613) 663-1033.
Remember, staying one step ahead in terms of vehicle security and insurance knowledge can make all the difference in keeping your car safe.