Does Anti-Theft Systems Helps in Reducing Car Insurance Premiums

Your Car is a valuable asset, so you need to ensure its security with the help of anti-theft devices. These devices are electronic gadgets installed in vehicles with many benefits. An auto-theft device stops car theft and rewards car owners with insurance premium discounts. Thus, a strong correlation exists between installing such devices and benefits in four-wheeler insurance policies.

Installation of anti-theft devices reduces the risks of car theft, lowering the number of claims. So, insurance companies charge lower insurance premiums from the car owners for installing these devices.

The policyholders usually receive a discount of 2.5% on the premium or up to ₹500 if they have suitable anti-theft devices installed in their cars. However, the discount is available only for the own-damage premium and not for 3rd-party insurance cover. If an anti-theft device is installed between a policy year, then a premium discount will be applicable for the remaining period. You can check out different car insurance policies and get deals from top providers, such as with Acko car insurance online.

Benefits of anti-theft devices

Fails theft attempt

Anti-theft devices are a must to prevent vehicle theft. A car without such a device and no security has more chances of getting stolen than one with an anti-theft device.

Thieves always try to avoid the attention of people. So, simply install a car alarm in your vehicle to prevent possible theft. Any unknown movement inside the car will trigger the system, and the alarm will ring. It will alert the car owners and force the thieves to call off the theft.

Claim settlement

If your car gets stolen even after fitting the anti-theft devices certified by ARAI, then the insurance company must reimburse the claim without delay.

Convenience

To avoid the inconvenience of visiting the police station, filing an FIR, and contacting the insurance providers, car owners should install anti-theft devices beforehand. These devices ensure the vehicle’s safety and give peace of mind to car owners.

Financial security

In case of car theft, you will only get IDV or Insured Declared Value and not the money paid at the time of purchase. With anti-theft devices, you can avoid such loss and theft consequences.

Types of anti-theft devices available for four-wheelers in India

Car theft is a serious problem in India. With almost 1,00,000 cars being stolen each year, it has become essential to take the necessary steps to secure your vehicle. It can be done by installing different anti-theft devices in your cars. Many such devices are available in the market, including mechanical devices, engine control systems, satellite tracking systems, ignition cut-off devices, intelligent computerized anti-theft systems or cats, and others.

When choosing an anti-theft device for your commercial vehicle insurance online, you must consider your requirements, budget, neighborhood, car model, and various risks. It is recommended to buy only those devices approved by the ARAI. Given below are some popular anti-theft devices:

Mechanical immobilizers

Mechanical immobilizers are one of the most common anti-theft devices. These are low-tech, inexpensive, and designed to stop the vehicle from moving. Some of them include:

• Steering wheel locks: These prevent the movement of the car’s steering wheel. You cannot drive a car until you remove the lock.

• Hood locks: These lock the car hood in place and prevent the battery and other parts of the car from getting stolen.

• Tire locks: These restrict the tire’s mobility and stop thieves from stealing the car.

• Gear shift locks: These lock the gear shifter and don’t allow the car to move forward.

• Brake pedal locks: These prevent car theft by locking the car’s brake, clutch, and accelerator pedals.

Electronic immobilisers

The keys of modern vehicles come with an in-built technology that transmits a signal to the car to start its engine. The car engine will not start if it gets incorrect signals.

Car alarm

It will get activated in case anyone attempts car tampering. The alarm will inform the vehicle owner and everyone around and prevent possible car theft.

Kill switch

The car owners can shut down their vehicle engine partially with the help of this unique device. The engine will start again only when they switch on the device. To prevent car thieves from accessing the kill switch, it should be installed in a secret location within the vehicle.

GPS tracking system

It is an incredible device that tells the car owners about their vehicles’ current location and helps them reach their car when it is stolen.

In conclusion, Insurance companies offer discounts on payable premiums when purchasing a policy or car insurance renewal to persuade car owners to safeguard their vehicles with anti-theft devices. So, installing anti-theft devices in a car prevents theft and lets you enjoy low premium benefits.