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Top Ten Cars that Attract Higher Insurance Rates

When looking for car insurance, several different factors will determine your premiums.  One thing that can increase your rates is having your car stolen.  According to statistics, vehicle theft occurs in the United States every 30 seconds, and certain types of cars of more likely to be the victim of theft.  Therefore, vehicles that attract thieves are more expensive to insure than other vehicles.  Here are the top ten most stolen vehicles in the United States.

  1. Dodge Charger
  2. Dodge Durango
  3. Cadillac Escalade
  4. Honda Accord
  5. Toyota Camry
  6. Pontiac Grand Prix
  7. Hyundai Sonata
  8. Chrysler Sebring
  9. Dodge Mangum
  10. Mitsubishi Galant

Theft rates for these vehicles are up to 5 times higher than average.  When determining theft losses, insurance companies consider the rate in which insurance claims are filed and the amount of the payments.  However, statistics do not take into account the number of each vehicle insured, so the most popular vehicles on the road usually are the most stolen vehicles.

Even the Family Sedan

Some people mistakenly believe that only expensive cars are stolen.  In some cases, thieves just steal parts of the vehicle because the parts are more expensive than the entire vehicle.  If the car is taken apart, it is much more difficult to recognize or trace; therefore, the chances of getting caught decrease.  Some cars are quickly taken to shops that dismantle the parts, so they can be sold.

Because of advances in technology, vehicles are getting more difficult to steal.  As a result, criminals are stealing things inside the car.  Many thieves are breaking into cars and stealing DVD players, GPS devices or tires.  Just make sure you take proper steps to decrease the chances that you will be a victim of car theft.

Location is a significant factor in the risk of theft.

Location

Insurance companies keep track of the vehicles that are stolen most often.  They also keep track of locations in which the most theft occurs.  If you choose a car that is at a higher risk of being stolen or if you live in an area where thefts frequently take place, you will be paying more in car insurance premiums.  If you want to keep your car insurance premiums low, you need to do some research before purchasing a car.

Simple Precautions

Vehicle thefts can happen at any place and any time; however, the highest number of thefts occur during the summer months.  In many cases, vehicles are stolen because of driver error.  Always make sure that you take your keys with you when leaving the vehicle, and always make sure your doors and windows are locked.  Leaving your car running is very tempting for thieves.  If possible, park in a well-lighted area, and do not store valuables in plain sight.  Anti-theft devices can also deter criminals.  It is also wise to insert a GPS tracking system in your vehicle.

Before purchasing a vehicle, it might be a good idea to check with your insurance company to see if the car is expensive to insure.  With any vehicle you own, you need to make sure you take proper steps to avoid being the victim of car theft.  You can then have peace of mind that you have done everything in your power to prevent your car from being stolen.


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