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NEWS BRIEFPinching Insurance Pennies Can Help Consumers Tighten Their Belts in Bad EconomyJuly 31, 2008 — It’s estimated that most consumers could save more than 20% on insurance if they took simple steps such as raising deductibles, comparison shopping and taking advantage of discounts. More...
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National and Rocky Mountain Region Auto Theft StatisticsNational Auto Theft Statistics National Auto Theft StatisticsAuto theft is on the decline in the US. Initial data makes 2007 the fourth consecutive year of declining auto thefts. Thefts appear to be down 7.4% compared to 2006, and 11% since 2000. In 2006, according to the National Insurance Crime Bureau, 1,192,809 vehicles were reported stolen, down more than 40,000 compared to 2005. Though national numbers were down, the West experienced an increase of 4.5% . (*FBI Uniform Crime Reports). Western states represent 23.0% of the population, and 37.9% of motor vehicle thefts. Using the FBI's average valuation of $6,649 per stolen vehicle, the 1.19 million vehicles stolen during 2006 caused estimated property losses of $7.9 billion. Only 13% of thefts were cleared by arrests in 2004 (Insurance Information Institute). The NICB is finding that technology, such as license plate readers, owner-installed theft-deterrant devices, and tracking/recovery systems, is aiding the recovery of stolen vehicles. Every 26 seconds a motor vehicle is stolen in the United States. Auto theft is covered by the optional "comprehensive" coverage on your auto policy. The U.S. average comprehensive insurance premium decreased 2.5% between 2004 and 2005, the most recent data available. (Insurance Information Institute) Carjacking accounts for 3.0 % of all motor vehicle thefts nationwide, and occurs most frequently in urban areas. Does it Matter Where I Live?Living in urban and higher crime areas has an impact on your risk of being a victim of auto theft. Port and border cities continue to be boomtowns for the auto theft business. Of the top 25 metro areas in the nation for vehicle theft, nearly half are ports or communities with easy access to borders (*National Insurance Crime Bureau, or NICB). The NICB study compares the auto theft rates per 100,000 population in 361 metro areas. The top 10 states ranked by number of auto thefts in 2006
The top 10 metro areas with highest auto theft rates in 2007:
City-by-city differences in auto buying habits are reflected in the preferences of auto thieves. For example, American vehicles tend to be the auto thief's vehicles of choice in Detroit and Chicago; pickups are popular in Albuquerque, Phoenix and Houston; and Japanese models lead the most commonly stolen list in Los Angeles. Reporting Auto Theft & FraudReport fraud and vehicle theft to your local law enforcement, as well as the National Insurance Crime Bureau at 1-800-TEL-NICB (1-800-835-6422). Your call to NICB can be anonymous and you may be eligible for a reward. |
How Medical Bills are Paid After an Auto AccidentWhen you buy auto insurance you need to think about what actually happens when you're in an accident and need to use it... |
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Updated:
February 28, 2007 1:52 PM
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