These solutions installed in the factory or at a later stage can deter thieves or aid in capturing stolen vehicles. This will eliminate some of the losses and claim pay-outs. The usual outcome of these reductions and increase in recovery should be cheaper vehicle insurance premiums for owners of such automobiles. Most motorists assume this to be the result.
Most states do legislate that companies take such technological help into account. Around a ten percent auto insurance saving is expected. However, sometimes policyholders need to take a collective or individual action to get what they deserve. There are court cases where motorists question the provision of discounts. In some cases companies are found not to be offering them.
One particular court ruling in Pennsylvania shed lights into the issue. Upon finding that motorists are not given any rate cut for anti-theft installations the court rules that insurers not only should provide these savings when asked but also they should incorporate them in premium calculations so as to offer automatically.
This goes to show that you need to be more active in seeking better value. You cannot trust that they will check and do the right thing by you. The only way of knowing you are getting a fair deal is to get a few quotes and see if you are spending less or more in comparison. And there is nothing wrong with switching if there are rivals offering the same coverage at a cheaper price.
If a car is fitted with alarms, immobilizers and GPS tracking devices criminals are not only discouraged to engage with the efforts to steal it but also they are unlikely to get away with the act. They are either stopped at the point of trying or they are tracked where they are heading. Therefore, People should get lower quotes regardless of what the state laws mandate.
Moreover a guide to which auto anti-theft systems get what sorts of savings is highly helpful to make it transparent. This approach would encourage the installation or selection of vehicles that have them already. So, clear guidelines would help to get the most out of them. Everyone benefits from lower crime related losses because these statistics are closely monitored and included in the zip code ratings. Also, encouraging people to increase security by offering reduced premiums can only be a good thing.
General Guidelines for Car Insurance Anti-theft Device Discounts
Alarm only: Breaking noises from alarms that goes at least for three minutes can be heard from far away and should qualify for minimum of 5% lower prices.
Active and passive immobilizers: Solutions like steering wheel locks require the key to release the steering wheel functions. Even they manage to break in and get the car started they have another barrier to mobility. Most of them are highly knowledgeable of these devices and will pass such cars and move on to easier targets. They may require the driver to enable these apparatuses or they may be already installed within the vehicle to work automatically. These immobilizers should qualify owners for further 5 – 20% better rates.
Auto recovery systems: GPS tracking is highly effective in locating whereabouts of the automobile. This will aid the law enforcement or third parties quickly find it. These are highly advantageous when you have an expensive car. There is a chance that they will be caught in the act thanks to tracking and it will reduce future incidents as well.
When a vehicle is nicely protected with all the latest solutions the policyholder should get as much as a twenty percent automobile insurance discount on comprehensive coverage. The amounts will depend on how the states regulate the position as well as how a particular company applies these voluntarily. You are advised to check and confirm that you are receiving your dues.