Car Theft And Auto Insurance In Boston MA
Glenn Thorsby owns a 2016 Toyota Camry, which was on the top 10 list of most stolen vehicles in the US, according to a 2016 survey released by the National Insurance Crime Bureau. This made Glenn wonder if her auto insurance Boston MA would provide her enough protection in the event that her car was stolen, or if she could hang on the fact that she lived in Boston Massachusetts, the capital, and most populous municipality of the state with one of the lowest vehicle theft rates in the country.
Changing Trends in Car Theft
Historically, car thieves prefer older cars (2000 models and older) that are generally vulnerable due to lack of built-in anti-theft systems. Previous surveys have verified this trend.
However, experts believe that many thieves are now using sophisticated hacking technology, which can disable electronic anti-theft systems. Hence, driving a newer model is no longer a guarantee that you will not fall victim to car theft.
In fact, due to recent, sophisticated hacking systems, the nationwide vehicle theft rate between 2015 and 2016 increased by 6.6 percent.
Full Coverage Auto Insurance and Theft
If you drive a new and/or expensive car like Thorsby, it makes sense to carry full coverage auto insurance, which combines collision and comprehensive coverage for damages involving theft, vandalism, fire, vehicular accident, and natural disaster.
Comprehensive coverage also pays for the vehicle’s current market value in the event of theft (and if the vehicle is not recovered).
Both collision and comprehensive coverages are not required by law – unlike liability coverage which is mandated by almost all states – although certain factors dictate that it’s a good idea to include them in your car insurance policy.
Factors that Make Full Auto Insurance Coverage a Necessity
Aside from driving a new model, expensive car, it also makes sense to carry comprehensive and collision coverage when you have a high driver accident rate (which often increases with teenage drivers or multiple-drivers household), you live in an area that has high collision, vandalism, and/or theft rates, or you take more frequent, longer commutes.
Meanwhile, regardless of your car’s age and value, you cannot drop your comprehensive auto insurance if you haven’t paid off your car. This is almost always a prerequisite by lenders to their borrowers.
How to Deter Car Thieves
Studies have shown that up to 50 percent of vehicle thefts were caused by the owner oversight – e.g., forgetting to lock doors, trunk, or windows, or leaving the car running (never do this, even for just a quick dash to the restroom).
Furthermore, choosing a highly visible and well-lit, off-street lot to park your car may also reduce the incidence of theft and vandalism.
Last, the use of multiple anti-theft systems such as tracking or GPS device, alarms, and tire and hood locks have been found to be a deterrent to car thieves. In addition, fitting your vehicle with features that create a disincentive to criminals may help you qualify for discount on your comprehensive auto insurance.