Wednesday, August 4, 2010 6:00:19 AM
Q If I have anti-theft devices in my car, do they reduce my auto insurance rates?
A
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.