Car Theft Risk
Theft coverage is usually part of a comprehensive policy.
Other than protecting a driver from theft -related losses, comprehensive coverage also extends to floods, fire, earthquakes, vandals, lightning damage, and more. Theft protection, as part of a comprehensive policy, is the most expensive auto insurance you can buy but it affords you the most protection for your vehicle.
One of the best ways to save money on your premiums is to have a higher deductible; the higher the deductible, the lower the premium.
Each time your initiate a claim, you will pay a deductible so if you incur $2200 worth of damage to your vehicle and your deductible is $1000, insurance will only be responsible for $1200. Conversely, if your deductible is $1000 and you incur $900 of damage, your insurance company wouldn’t have to pay anything.
A good way to protect your vehicle(s) while lowering premiums is to install any number of anti-theft devices such as an alarm or window etchings.