Does the likelihood of theft for my car impact my insurance premium?

Yes, insurance companies consider the risk of theft when determining the cost of your insurance. If your car is more likely to be stolen, the insurance company may charge you a higher premium to offset the potential risk of having to pay a claim. We could see this happening in recent history with a surge of theft of Kias, where some insurance companies even stopped writing new policies for certain vehicle models.

Posted by Alyssa DiCrasto

Alyssa uses her many years of experience writing about complex industries to research and create clear content that makes insurance easy to understand. She has been with Rate Retriever since its beginning, establishing our strict editorial policy and directing our comparison experience.

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