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Published 25 days ago

Insurance is high on frequently stolen vehicles. Here’s how to reduce your premiums

  • Insurance agencies pay higher claims for stolen vehicles such as Honda CR-Vs, Dodge RAM 1500s, and Ford F150s, leading to higher premiums or refusal of coverage.
  • Car owners can decrease insurance costs by installing aftermarket tracking devices like tag systems, which aid in recovery and act as a theft deterrent.
  • Liam McGuinty from the Insurance Bureau of Canada states, "A tag can assist with the recovery of the vehicle" and reduce the risk of theft.
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