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Anti-Theft Device Discount

My Insurance Broker
Aug 30th, 2016 at 01:07 pm  •  Richmond Hill, ON

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Average savings $500. Coverage available from $1,000,000 to 2,000,000.

Why does having an anti-theft device or recovery system installed on my car affect my insurance premium?

Some Insurance companies offer discounts for using your anti-theft devices or vehicle recovery systems as their installation prevents/deters theft and limits claims pay-outs by insurance companies. Specifically, due to this reduction in risk of claims insurance companies often offer a discount when these devices are installed. This discount is applied when you prove that it is installed correctly in your vehicle.

Which types of anti-theft devices or recovery systems qualify for me to save?

Driver’s with an ignition interlock system that prevents the motor from starting, or a recovery system with an immobilizer and GPS tracking capabilities in case of theft are eligible for this discount. Some systems claim recovery rates up to 90%.

How much can I save by installing an anti-theft device or recovery system?

Installing an eligible anti-theft device or recovery system in your vehicle can affect your insurance premium, and you may be eligible to save between 5 – 15% (this does not include manufacturer installed devices). So, once you purchase and install your device, call your broker to ensure this discount is applied.

Compare Auto Insurance Quotes.
Compare The Best Auto Insurance Rates From Canada's Top Insurance Companies.
Average savings $500. Coverage available from $1,000,000 to 2,000,000.

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