Car theft is a common concern for many vehicle owners. To protect the vehicles, drivers often rely on anti-theft devices, which might help prevent theft and also influence the cost and terms of car insurance. Whether you have comprehensive insurance or third-party car insurance, installing certified anti-theft devices can offer several advantages. Let us look at the significance of anti-theft devices, the types available, their benefits and how they affect car insurance premiums.
The significance of anti-theft devices in vehicles
Car theft remains a significant issue in many parts of the world, with thousands of vehicles stolen each year. This makes investing in anti-theft devices not only wise but increasingly necessary.
An anti-theft device is a tool or system designed to prevent unauthorised access to a vehicle. These devices work in various ways— from physical locks to electronic alarms— which can deter thieves and might reduce the chance of your car being stolen.
Anti-theft devices and how they help
Anti-theft devices serve as a deterrent and a protective barrier. When a thief encounters a vehicle with an anti-theft system, the difficulty of stealing the car increases significantly. Common types of anti-theft devices include immobilisers, steering wheel locks, car alarms and most importantly, GPS tracking systems.
Immobilisers are electronic devices that prevent the engine from starting unless the original key or code is used. Additionally, steering wheel locks are physical devices that lock the steering wheel in place, which may make it hard to steer the vehicle. Car alarms alert the owner and those nearby if someone tries to break in.
Benefits of installing anti-theft devices
There are several benefits to installing anti-theft devices in your vehicle:
- Increased security: These systems make it significantly harder for thieves to steal your vehicle, reducing the overall risk of theft.
- Lower insurance premiums: Several insurance companies provide discounts on premiums for vehicles equipped with approved anti-theft devices. This is because such devices reduce the risk of theft claims.
- Peace of mind: Knowing your vehicle is protected by effective anti-theft measures can give you confidence and peace of mind.
- Vehicle recovery: If a car is stolen, devices like GPS trackers can help authorities recover it more quickly.
Even those with third-party car insurance, which typically covers damage caused to others but not theft or damage to their own vehicle, might consider anti-theft devices as a precaution to reduce the likelihood of theft-related costs.
What type of anti-theft devices do you need?
Choosing the right anti-theft device depends on several factors, including your vehicle type, where you park and your budget. Here are some common types:
These are the least expensive anti-theft devices in the market. Being visual, these should be enough to ward off amateur car thieves. It is recommended to include an immobiliser in conjunction with other anti-theft devices.
Types of mechanical immobilisers include steering wheel lock, hood lock, tire lock, gear shift lock, ignition/steering wheel column and crook locks, etc.
Many vehicles today come with standard car keys and fobs that protect their cars via electronic immobilisers. These built-in transponders or microchips send signals to the ignition and fuel pump system. The ignition will work only if it receives the correct signals or it remains static.
Car alarms feature electronic sensors designed to activate when a vehicle is encroached. This helps in detecting unauthorised entry, breaking glass, sudden movement and perimeter violations. When the sensors detect a threat, a siren activates, alerting the car’s driver and everyone else within earshot. Additionally, you can also include a sticker on your car stating that it is protected by an alarm; this should keep away most intruders!
It provides real-time location of the stolen vehicle using Global Positioning Systems (GPS). Vehicle Tracking Systems are sold with service contracts, and have a reputation for recovering vehicles a mere hour after they have been stolen.
The impact on car insurance
Installing anti-theft devices can have a positive impact on your car insurance. Insurers assess risk when setting premiums, and vehicles with anti-theft measures are seen as less risky. As a result, insurance companies often offer reduced premiums or discounts.
For example, comprehensive car insurance policies, which cover theft and damage to your vehicle, may become cheaper if your vehicle has an approved immobiliser or alarm. Even those with third-party car insurance can benefit indirectly. Although third-party policies generally do not cover theft, installing anti-theft devices can reduce the risk of needing to upgrade to a more expensive policy later.
Things to consider while choosing anti-theft devices
When selecting anti-theft devices, keep the following in mind:
- Compatibility: Ensure the device works well with your vehicle make and model.
- Certification: Choose devices that are approved or certified by recognised bodies.
- Ease of use: Some devices require regular activation or maintenance. Pick one you are comfortable using consistently.
- Cost vs benefit: Balance the cost of installation and maintenance against potential insurance savings and security.
- Professional installation: Some devices, like immobilisers or GPS trackers, require professional installation to function properly.
- Updates and support: Electronic devices may need software updates or customer support. Check these options before purchase.
Conclusion
Anti-theft devices are an important investment for vehicle owners. If you hold a comprehensive policy or third party car insurance, installing the right combination of anti-theft devices increases your vehicle’s security and reduces risks.
However, while these devices act as strong deterrents and may even reduce insurance premiums, they are not a substitute for proper insurance coverage. Accidents, natural disasters and other unforeseen events can still occur, making it essential to have a reliable insurance policy in place. Investing in anti-theft measures, along with securing the right car insurance, provides a well-rounded approach to protecting your vehicle and your peace of mind.
Disclaimer: The information provided in this blog is for educational and informational purposes only. It may contain outdated data and information regarding the topic featured in the article. It is advised to verify the currency and relevance of the data and information before taking any major steps. ICICI Lombard is not liable for any inaccuracies or consequences resulting from the use of this outdated information.