Q&A Topics

Wednesday, August 04, 2010 6:00:19 AM

If I have anti-theft devices in my car, do they reduce my auto insurance rates?

Installing security devices in your car may not only deter thieves, but they may also reduce your insurance premiums. In many states, insurers offer motorists a discount having anti-theft devices. And in some states, insurers are required to give policyholders a discount.

With the savings you get on your insurance premiums, you can offset the cost of investing in anti-theft and tracking devices. Additionally, having several safety devices can result in extra discounts. So, always ask if you qualify for an anti-theft discount.

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Laura Adams is a personal finance expert, award-winning author, and consumer advocate. As Senior Insurance Analyst, she represents insuranceQuotes in the media and works to make sure consumers protect their financial futures by having the right kinds of insurance.

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