Car Thefts on The Rise - Tips to Prevent Car Thefts

Car theft is on the rise. According to the Claims Journal, the national average of car thefts are up 30% since 2017. Thefts of catalytic converters and entire vehicles are happening at unprecedented rates across the country and are another reason auto insurance rates are increasing.
May 9, 2022 | Auto
By: Lisa D.
Lisa D. has almost 20 years of experience in the insurance industry, including over 15 years at Acuity. Before starting at Acuity, she obtained her P&C license and sold personal insurance. She keeps a pulse on industry trends while continuing to specialize in developing and updating personal auto insurance products. On top of that, Lisa has her Association in General Insurance (AINS) and Associate in Personal Insurance (API) designations. Outside of work, Lisa enjoys cooking, photography, and spending time with her family. The last two go hand in hand, as she takes pictures of her kids every day.

Author of Auto Focus

Car theft is on the rise. According to the Claims Journal, the national average of car thefts are up 30% since 2017. Thefts of catalytic converters and entire vehicles are happening at unprecedented rates across the country and are another reason auto insurance rates are increasing.

 

Why is car theft on the rise?

There are multiple reasons for increased theft, including strained financial resources, social media pressures, and the rising value of vehicles and vehicle parts. Catalytic converters are particularly popular because of the precious metals they are made of—platinum, palladium, or rhodium.

 

How can I prevent car theft?

  • Don’t leave an unattended car running
  • Hide valuables or remove them from the vehicle
  • Don’t leave keys in the car
  • Lock the car doors, windows, and sunroof
  • Park in open, well-lit areas
  • Be cautious when entering and exiting the vehicle—especially at night
  • Buy an anti-theft device (this could also get you a discount on your auto insurance)

 

Is car theft covered by auto insurance?

Car theft may be covered under comprehensive coverage, which is sometimes called other-than-collision coverage. If coverage applies, you would be responsible for paying the deductible. If you are unsure if your auto insurance policy covers theft, contact your insurance agent.

 

If your vehicle or parts of your vehicle have been stolen, contact the police and your insurance company. Use these tips to help protect one of your biggest investments and as a reliable source to get you where you need to go.

 

Source: https://www.claimsjournal.com/news/national/2022/03/04/309020.htm

By: Lisa D.
Lisa D. has almost 20 years of experience in the insurance industry, including over 15 years at Acuity. Before starting at Acuity, she obtained her P&C license and sold personal insurance. She keeps a pulse on industry trends while continuing to specialize in developing and updating personal auto insurance products. On top of that, Lisa has her Association in General Insurance (AINS) and Associate in Personal Insurance (API) designations. Outside of work, Lisa enjoys cooking, photography, and spending time with her family. The last two go hand in hand, as she takes pictures of her kids every day.

Author of Auto Focus