Do Anti-Theft Devices Lower Auto Insurance Rates?
If you’re looking for small, easy ways to lower your auto insurance rates, you may want to consider getting an anti-theft device for your car. Some insurance companies will lower your premiums when you install an anti-theft device because you will be less likely to file claims of theft or vandalism. It’s a worthwhile investment for many reasons – not only will you save a little bit of money on your monthly insurance premiums, but you will also be keeping your vehicle safe. This is particularly important when living in one of New York’s many dense, urban areas.
Why do anti-theft devices lower my insurance rate?
When insurers are determining the appropriate rate for your car, they think about their financial risks first. If you are more likely to file a car insurance claim, they are more likely to have to pay for damages, which is a financial cost to them. To offset this risk, they charge people who they consider to be more likely to file a claim higher monthly payments. Since anti-theft devices lower your chances of having your car stolen or broken into, insurance companies can charge you lower premiums, since your risk of having to file a claim is much lower.
How much money can I expect to save?
There is no standard discount for having an anti-theft device on your car, but many insurance companies do offer it. Discounts can range anywhere from 5 to 30 percent, and this typically depends on the insurance company’s policies on the matter, as well as the specific anti-theft device on your car. When determining your premiums, your car insurance company will assess a variety of different factors, including the type of car you have, your driving history, where you live and park your vehicle, as well as accessories like anti-theft devices that could help keep your car safe.
If your car already has an anti-theft device on it, you may want to look specifically for an insurance company that offers a discount for this. It’s worth comparing and getting quotes from several different insurers, as some may give you a more significant discount than others. If you are looking at buying an anti-theft device for your car, it may be worth your time to talk to an insurance agent before doing so. They may be able to let you know which anti-theft devices will get you the most significant discount. If you don’t already have an anti-theft device and want to get one to lower your insurance, it’s essential to consider the cost of the anti-theft device upfront versus the amount of money you will save over time. Ideally, you’ll want the eventual savings that you would get to outweigh the initial cost of the anti-theft device.
What are the benefits of anti-theft devices?
Many different types of anti-theft devices are designed to deter thieves or vandals from trying to break into your car. The simplest anti-theft devices will sense when someone is trying to break into your vehicle and set off a piercing alarm. This will not only scare the would-be thief but will also catch the attention of people nearby, which will deter them even further. Some anti-theft devices are more advanced. They can disable critical functions if the car is stolen, making them difficult or impossible for the thief to use. These are often paired with GPS devices so that if your vehicle is stolen, you can easily track its location using your car’s registration information.
Within New York state, there are many urban areas where you are at a higher risk of falling victim to car theft or vandalism. While the percentage of criminals in the population is no higher in urban areas than anywhere else, the sheer volume of people means that there are just more likely to be criminals nearby. Add to that the fact that many people in dense areas need to park their cars on the street or in unsecured lots, and you have an environment where cars are vulnerable. Anti-theft devices can help protect your vehicle in this situation.
To prevent vehicle thefts and damage, try always to park your car in a populated, well-lit area. Vehicle crimes are more likely to happen in areas that are dark and quiet, as the perpetrators are less likely to get caught. If you have the option, you may also want to consider parking in a secured garage. Although this is slightly more expensive, it may keep your car safer in the long run. On top of this, you should avoid leaving valuables in your vehicle, mainly where they might be visible from the outside. This could make you a target for thieves.