Car theft is on the rise.
It’s not surprising then, that thieves are taking advantage of the lax vehicle code.
In 2016, car theft rates jumped by nearly 40 percent compared to 2015, according to the National Auto Theft Association.
Some of the reasons are more mundane than the rise in car thefts.
For example, a growing number of consumers are opting for personal vehicles that have electronic navigation systems, as well as more personal electronics.
Also, automakers are pushing for a broader range of vehicles to include, including electric vehicles.
“The increase in the use of these new vehicles has led to an increase in thefts, as a result of increased use of electronic systems in these vehicles,” the National Insurance Crime Bureau reports.
The theft of a car, even in a new model, is still a serious crime.
It can cost between $3,000 and $15,000.
The National Insurance Institute estimates that a typical car owner could lose up to $1,000 in property damage in a single year, as the average car costs about $7,500.
According to the Insurance Institute for Highway Safety, car thefts are the leading cause of injury death for drivers in the U.S. Car theft is a crime that affects millions of Americans every year, with one in four Americans not paying their car insurance bill, according the Insurance Information Institute.
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