Low Profile Car Can Save On Insurance

Although most drivers pay attention to is the risk their vehicles run of being stolen, a large number of them don’t take into account the frequency at which their vehicle types are stolen on a national level. Even if you protect your vehicle well, it could still be one of the types that are targeted the most often by car thieves, and thus you’re not only at a higher risk in general of having it kidnapped, you also may suffer when it comes to getting your car covered by insurance companies, since they pay attention to the type of vehicles that are stolen the most often and adjust the rates as necessary to reflect this kind of information.

According to the NICB, or National Insurance Crime Bureau, the number of vehicles that are stolen on average has been dropping in the past several years. Increased surveillance, protection coming as standard features, and more complicated safety measures in vehicles have all contributed to lowering the frequency of auto theft in the United States. From 2006 to 2007, automotive theft has been predicted to have dropped by 9%, and, based on preliminary estimations, similar figures are expected to be reported for 2008.

Even though this is good news for every driver, it is still important to recognize the kind of car you drive and to determine the risk it possesses of being stolen. Even though theft has being going down, the kind of cars that are most often stolen are still generally the same type of vehicles. For instance, the 1995 Honda Civic continues to reign as the car most favored by vehicle thieves, while the 91 Accord sits in second place for the second year in a row.

It would be wise to pay attention to these statistics because they can not only provide you insight on what you should know about your own car and the probability of it being stolen, but also what kind of auto insurance rates you can expect for the car that you drive.

Recent additions:

• Are Hybrid Vehicles a Good Purchase For Low Insurance?
• GEICO Earns Prestigious Award Again
• Pre-Paid Gas Is It Worth It
• Pennsylvania Auto Insurer Wins First J.D. Power Award
• Allstate Worst US Insurance Company, Lawyers Say