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Wednesday, 12 March 2014

Are Newer Cars Truly Stolen More Often? (Myth)



What can you do to protect your vehicle? Begin by requesting a free insurance quote today. For more information, click here: http://sharpinsurance.ca/medicinehat-car-insurance-ab.php

In the insurance industry, there is a particular myth that seems to endure throughout the years. The myth states that newer automobiles are the preferred targets of thieves. While at first glance there is absolutely no reason why this should be incorrect—after all, newer cars tend to be prettier and faster than older cars—a deeper look into the matter actually reveals this myth to be false.

According to the Insurance Bureau of Canada (IBC), the 10 most stolen cars of 2013 are as followed:

1.2000HONDA CIVIC SiR 2DR
2.2006CHEVROLET TRAILBLAZER SS 4DR 4WD SUV
3.2002CADILLAC ESCALADE 4DR 4WD SUV
4.2005CADILLAC ESCALADE 4DR 4WD SUV
5.2006FORD F350 SD 4WD PU
6.2005CADILLAC ESCALADE ESV 4DR AWD SUV
7.2006ACURA RSX TYPE S 2DR 2D
8.2007FORD F250 SD 4WD PU
9.2007FORD F350 SD 4WD PU
10.2003ACURA RSX TYPE S 2DR 2D

As you probably noticed, the most recent car on this list dates all the way back to 2007—that is nearly seven years ago. If you are wondering why that is so, the reason is actually quite simple.

The older the car is, the easier it is to steal it. Older cars had, evidently, older security systems. Because they are so old, owners tend to believe that no thief would ever want them. This is why many of them don't bother updating their car's security system or securing it with the latest technology.

What's more, people tend to think that thieves steal cars to actually keep them. This, too, is false. Thieves—professional ones, that is—steal cars for the parts. By selling those parts, they can make a considerable sum of money. Because manufacturers often keep parts intact in a variety of models—including newer ones—stealing a 2005 Cadillac then becomes even more desirable when thieves realize how flexible its parts are.

Please be aware, however, that nothing truly deters a good, experienced thief from stealer a car—especially if that particular thief is aware of the latest tricks. If you own a newer car model, you should still use every bit of caution. For more information on how to prevent automobile theft, you are encouraged to refer back to this article previously posted by Sharp Insurance.

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