How Anti-Theft Devices Affect Insurance Premiums

An anti-theft device is a safety feature that secures a car from unauthorized access. In addition to protecting your vehicle, an anti-theft device positively impacts the car insurance premium. Since the insurance principle is based on perceived risk, insurers favor people who’ve installed the device. Policyholders with anti-theft devices will likely enjoy affordable premiums than those without any security feature. The reduced risk of car theft minimizes the risk of filing a car theft-related claim. More importantly, you can protect your investment by acquiring an auto insurance package from a trusted insurance agency.

Impact of Anti-Theft Devices on Car Insurance Premium

If you’ve installed different anti-theft features, the insurer has a low perceived risk for you. Generally, insurers perceive anti-theft devices as risk-reducing devices. As a result, you may be eligible for a discount on your vehicle insurance premium. Insurance companies offer discounts to encourage vehicle owners to proactively protect their vehicles against theft.

Different Types of Anti-theft Devices

• Steering Wheel Lock: A steering wheel lock is a metal rod attached to the steering wheel to prevent it from turning. You can only open the lock with a dedicated key. The steering lock makes it impossible to turn the steering while the metal bar is in place.
• Car Alarm: Various car alarms range from simple door sensors to sophisticated proximity sensors. When you switch on the car alarm, a sensor receives a response and activates sound; sometimes, it continuously flashes lights. The alarm remains silent and unnoticeable if it doesn’t record unusual activity.
• Kill Switch: A kill switch is one of the most advanced anti-theft devices. The switch cuts off the flow of electricity to the car’s critical systems, including the car fuel pump. It is, therefore, only possible to start the vehicle by flicking the switch. A kill switch usually deters car thieves since finding its location takes time.
• GPS Tracker: GPS or Global Positioning System taps on the satellite network to find a receiver’s location. A GPS tracker sends signals to a web-based dashboard or a smartphone app. If your vehicle gets stolen, tracking is easy because you can access the real-time position of your car, even if it is in a different country.
• Car Key Signal Blocker: A signal blocker and protector keeps your car from the reach of thieves who try to copy or boost your wireless key. A key bag is a prime example that provides a signal blocker for your car key. The bag prevents a thief from picking a signal from your car keys.

Get in Touch With an Experienced Auto Insurance Provider

Although anti-theft devices are excellent features to protect your vehicle, some thieves outsmart them. Instead of dealing with the heartache of losing the car, you can enjoy peace of mind courtesy of auto insurance at a discounted rate. Consider working with Panorama Insurance Agency, which has up to 50 years of experience protecting vehicle owners. Contact us online or at 818-781-6630 to request a quote.