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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Auto insurance prices soar in Bahamas due to theft rate

auto insurance stolen vehicle theft

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 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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Auto insurance vehicle theft statistics released in Ohio

car insurance

For yet another year, a Dodge van has topped the list of popular stolen vehicles. For four years in a row, Ohio’s most popularly stolen vehicle, according to auto insurance industry statistics in the state, is the 2000 Dodge Caravan. Criminals tend to target that vehicle because of its lack of challenging anti-theft features. Moreover, beyond the fact that it isn’t hard to break into or steal, its parts can bring in a hefty sum in aftermarket sales, say experts in auto insurance. Of course, this minivan isn’t the only…

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NICB announces Q3 increase in questionable claims by 7 percent

The National Insurance Crime Bureau (NICB) has released its third quarter 2011 results from its referral reason analysis of questionable claims (QC). This report investigates six different types of claim referral reason categories. They are: workers’ compensation, casualty, property, commercial, vehicle, and miscellaneous. It compared the results among the third quarters of every year from 2009 to 2011. Questionable claims are those that are made to member insurance companies of NICB which must be referred to the bureau for closer review and potential investigation as a result of certain red…

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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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