|
|
|
Vehicle Recovery DeviceHaving an accident that causes damage to your car is one of the risks that the car insurance company takes when they agree to provide you with car insurance. As part of the comprehensive portion of your car insurance policy, they also insure you against the risk that your car is stolen.
Car insurance companies want to minimize the risk of having a car stolen and they will often give a discount on your car insurance if you have certain anti-theft devices installed. In addition, car insurance companies often provide a discount when have car recovery devices installed.
While car insurance companies don't want to have cars stolen in the first place, if a car is stolen they would like to have a way to track it so that it can be recovered and their losses minimized. Vehicle Recovery Devices, often called Lo-Jacks, automatically activate when your vehicle is stolen ant make it possible for the police to track the location of your car.
Most car insurance companies offer some type of vehicle recovery device discount. It is worthwhile contacting your car insurance agent to see how much the vehicle recovery device would knock off your car insurance policy if installed. You can then compare the cost of purchasing and installing the vehicle recovery device in relation to the savings it will provide to determine if it is worth adding to your car to lower your car insurance payments.
Previous: Anti-Theft Devices
|
|
Home
Forums
Newsletter