How Installing an Anti-Theft Device Can Help Save on Your Car Insurance
Vehicle theft is a growing problem in Canada. According to the Insurance Bureau of Canada, on average, a car is stolen every 6 minutes. As criminals become more sophisticated and technology advances, cars are becoming easier targets for theft. This can have a devastating impact on car owners, who may lose not only their mode of transportation, but also valuable personal items inside the car.
Fortunately, there are steps that car owners can take to protect themselves and their vehicles from theft. One of the most effective measures is installing an anti-theft device, which can help reduce the risk of theft and potentially lower car insurance rates.
Anti-theft devices are designed to prevent thieves from stealing or breaking into cars. They come in many forms, from steering wheel locks and car alarms to GPS tracking systems (eg. Tag Tracking) and immobilizers. Each device works differently, but they all have one thing in common: they make it more difficult for criminals to steal a car.
Many car insurance companies offer discounts for installing anti-theft devices, as they recognize the reduced risk of theft. Depending on the device and the insurance company, the discount can range from a few percentage points to as much as 20% off the comprehensive portion of your premium.
Aside from the cost savings, installing an anti-theft device can provide peace of mind and help protect a car owner’s investment. It is important to research and choose the right anti-theft device that will work best for the type of vehicle and personal needs.
As vehicle theft continues to rise, installing an anti-theft device is an effective way to protect against this crime and potentially lower car insurance rates. It’s important to take proactive measures to ensure the safety and security of one’s vehicle, and an anti-theft device is a step in the right direction.