Black Friday auto insurance claims expected to spike

Vehicle Theft black friday auto insurance claims

Consumers are being warned to take extra care not to draw attention to their vehicles from thieves. Black Friday auto insurance claims are always higher than the typical end of the workweek. As shoppers rush around trying to find the best possible deals, thieves attempt to grab those discounted items right out of the vehicles. NICB data showed that there were more than 2,000 reports of stolen vehicles on three days last holiday season. Christmas Eve, New Year’s Eve and Black Friday auto insurance claims for stolen vehicles broke the…

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Top cities for vehicle theft named by NICB

Vehicle Theft black friday auto insurance claims

For the second straight year, Fresno tops the National Insurance Crime Bureau list of top cities for vehicle theft. California tops the list… The NICB list states that approximately 761,500 vehicles were stolen in 2011, which was a drop from the year before by a mere 3 percent. These numbers are based on statistics released by the FBI. Fresno was at the top of the list and was not the only city in California to make the top ten. Modesto came in second and Bakersfield was in third, giving CA…

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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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The difference your vehicle makes to your auto insurance premiums

The type of vehicle you own and wish to insure plays a significant role among the various considerations that are used to calculate the rates that you will be quoted. There are many items that are factored into a rate calculation for car insurance, many of which have to do with the specific type of vehicle you are trying to insure, including the value or price of the vehicle, its popularity, the frequency of its theft, how much it costs to repair and even the way the drivers of those…

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The business of fraudulent insurance claims

Today, there are some that make a living specializing only in insurance fraud by submitting doctored up insurance claims. The false claims received may include life insurance, third-party policy, personal damage and car theft.  In many cases, the claim amounts asked for are considerably higher than the injuries, damage or loss that occurred – this can raise a red flag to potential wrong doing. Life insurance fraud is when someone makes false claims about faking an injury or death.  The false documentation used is usually police reports, medical cards, marriage…

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