Theft insurance risk higher for older cars

Mozo

Tuesday 04 January 2011

Older cars are at greater risk of being stolen in Australia, a new study shows.

 Theft insurance risk higher for older cars

Research by the National Motor Vehicle Theft Reduction Council has found that a disproportionate amount of larger and older cars were stolen last year when compared to their market share, the Lithgow Mercury reported.

Indeed, the report revealed that the most popular passenger cars currently targeted by thieves are older than 20 years or between ten and 14 years old.

Motorists concerned about their own cover could choose to compare car insurance in search of the best policies. The revelation of the risk to older cars came as it was noted that car theft has more than halved in the past decade, partly as a result of better car security.

According to the Lithgow Mercury, more than two-thirds of cars are now equipped with an immobiliser.

Honda, Yamaha and Suzuki were reported as being among the top brands for thieves during much of last year.

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