You might own a fancy car and be a proud owner of it. You might also have owned a car insurance policy in order to secure your priced possession. But, have you taken the precautionary measures to avoid car theft in Texas. Whether you live in urban or higher crime areas, it has an impact on your risk of being a victim of auto theft. Though car theft is covered by the optional “comprehensive” coverage on your auto insurance policy, why be an easy prey?
Statistics say: Every 26.4 seconds a car is stolen in the United States. National Insurance Crime Bureau, reports that 1,192,809 vehicles were stolen. More than 700,000 vehicles are stolen and have not been found. They are assumed to be exported, tricked by owners as stolen, or ripped apart for resale in shops. Texas stands in second position amongst the top 10 states ranked by number of auto thefts. Only 12.6 percent of thefts were cleared and the thief were arrested.
Vehicles are stolen for many reasons. Few are stolen and parts are stripped for resale. Other vehicles are stolen and sold by the crooks to another dealer. Vehicles are also stolen for robbery, joyriding, for committing many other offences, to support smuggling of drugs, drug habits, or to commit insurance fraud. Frequently stolen vehicles in Texas are Ford Pickup, GM Pickup, Dodge Pickup, Honda Civic, Honda Accord, Chevrolet pickup trucks and many more.
In addition to having an auto insurance there are many other things you can do in order to avoid theft and protect your asset. These safety measures will not only shield your vehicle but also gain discounts on your car insurance policy.
- Install safety devices such as alarms, window etching, brake locks, steering column collars etc.
- Do not park your vehicle in dim lit areas and leave the key in the ignition.
- Check if all the doors and windows are properly closed.
- Use of tracking devices that warn you and emit signals to help the cops in tracing the vehicle.
- Use of immobilizers such as kill switchers, starter, fuel disablers, smart keys, ignition disablers and fuse cut offs.
A criminal act of stealing a vehicle is occurring on a regular basis and in huge number in U.S. An estimate of 1.2 billion cars were stolen, causing a property loss of $ 7.6 billions in 2005. As the rate of car theft increases, a red alert has been sent across the country to all its states and their cities. However, the theft rate is increasing even after the state has taken stringent measures to curb it. As an Ohioan, your efforts is a must in helping the cops and the government to avoid such crime.
Threat to Ohio Cars
There are three cities of Ohio which incurs car theft problems to the worst of situation. National Insurance Crime Bureau’s recent reports shows that Cleveland stands 82nd, with 271 stolen vehicles during 2010 for every 100,000 dwellers. The report also shows that last year Toledo ranked 84th nationwide with highest rate of car thefts, and Columbus was the 99th city. The numbers clearly signify the threat which has high effect on investment made to own a car.
The bizarre over car theft is that there are certain makes and models of vehicles which are frequently stolen. Factors also include the region and ease of theft. Few sports car, fancy and expensive cars are aimed at a higher rate. Recently, some models such as Acura Integra, Toyota Corolla, Chevrolet Pickup, Toyota Camry, Ford Explorer, Dodge Caravan, Honda Civic etc were stolen repeatedly in United States. Owning such expensive cars is a dream come true for any Ohioan. Let your investment be secured.
Protecting your vehicle from theft is as important as buying one. Much before you buy a car, know what preventive measures can be taken in order to avoid being a victim of such incident. Auto insurance comes as a savior when your car is stolen. A rental car insurance coverage backs up until your car is located by the cops. Any damage incurred due to theft, insurance will pay for the repair. Different companies have different coverages and benefits. By installing safety devices such as car alarm systems, VIN etching, Microdot identification tags and etc, you will not only protect your car from theft but also obtain discounts from your insurance companies. Talk to your agent in Ohio to know the benefits provided by the company and then sign a contract.
If you are found to have a suspicious claim, then watch out for a burning hole your pocket as you will have to pay high car insurance premiums. The rates are growing drastically. Many car insurance companies are being notified upon the fraud occurring in the state. People blame it on financial crisis. They believe this is an easy way to beat the crisis. Be it Ohioan or any citizen of U.S, being deprived of such necessities and feels bounded by the economy. The recession has its mark on fraud. The claims made were suspicious and had raised to 25% in the just last two years nationwide and had an increase from 74,147 to 91,798 between 2008 to 2010 as per National Insurance Crime Bureau’s latest reports.
Highlights on Fraud
There are few major scenarios lined up as fraud. Inflated towing, storage bills and fraud on auto glass which are found to be occurring regularly at higher rates. An investigation set up in order to bring such crime to highlight proved that many car insurance companies have faced false claims. In many instances even the policy holder will not be aware of the fraud.
A special investigation manager reported an incident where there was a scam on auto glass. Vendors were involved in the scam where they had a shop nearby gas stations and would approach motorists to offer a help in fixing their windshields damaged. Though the windshields were not found damaged, the vendor just filled up the crack or faked to fix the chip and a bill was sent to owner’s insurance company. The percentage of such claims is soaring high and has reached its heights. The car insurance industry has also been facing problems with the inflated towing and storage bills from towing companies for quite some time now. The count is growing and suspicious claims are being made. This intact is causing a burden by increasing premium rates. Make sure you are aware of such incidents and clearly assess your insurance claims.