Auto insurance prices soar in Bahamas due to theft rate

auto insurance stolen vehicle theft
State Farm sees a drop in auto insu...
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Costs have increased by an estimated 15 to 20 percent because of the number of stolen vehicles. The cost of auto insurance in the Bahamas is an estimated 15 to 20 percent higher than it could be, says a new report, due to the high vehicle theft rate in the country. This problem with stolen vehicles is only compounded by other issues in the Bahamas. An industry executive said that this auto insurance problem is made worse because the processes from the government are “in the Stone Age”. According to…

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Auto insurance data shows Ford trucks loved by thieves

Canada Auto Insurance

The IBC has released its report identifying the 10 most stolen vehicles. The auto Insurance Bureau of Canada has just announced its list of the 10 vehicles that are the most popular targets of thieves and has identified Ford trucks at the top of this list, particularly in the province of Alberta. The report covered vehicle thefts from across the country but provided a breakdown by province. This IBC list is issued once per year in order to help auto insurance companies and consumers to better identify the vehicles that…

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Auto insurance statistics show that 1994 Honda Accord is still the most stolen vehicle

Most stolen car

The National Insurance Crime Bureau has released the latest theft data. For the fourth year in a row, the auto insurance theft statistics have shown that the 1994 Honda Accord is the most frequently stolen vehicle in the United States. The National Insurance Crime Bureau has released its latest report, revealing this information. Many of the top vehicles on the 2011 list of stolen cars identified by the National Insurance Crime Bureau are made up of older models. In fact, not a single model that was manufactured within the last…

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Cadillac Escalade tops the HLDI’s list for the fourth year as most likely to be stolen

For the fourth year in a row, the Highway Loss Data Institute (HLDI) has placed the Cadillac Escalade at the top of its list of vehicles that are most likely to be stolen. The institute has based its rankings on the claims data from auto insurance companies from 2008 and 2009. According to the HLDI, among the vehicles holding the top ten positions with the highest frequency of theft, eight are large vehicles from Ford or General motors, including trucks and SUVs. The remaining two on the list are different…

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Top 12 most stolen vehicles in the U.S.

Forbes magazine has released its annual list of the most stolen models of cars, which is compiled using the National Insurance Crime Bureau Hot Wheels Report statistics. According to a spokesperson for the National Insurance Crime Bureau, Frank Scafidi, though many people would imagine that the struggling economy would lead to an increase in street crime, “There is no empirical data to make that kind of broad statement,” so the organization is working to try to minimize that assumption. The FBI’s crime division’s statistics actually showed that 2010 had the…

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