In one of our more recent news posts we see that the Insurance Information Institute notes the falling auto theft rates trend over the past 5 years. 13% less stolen autos in 2008 could be a result of many things, but one thing for sure is that the GPS systems which track stolen cars and easily find chop shops that are stripping and selling parts are helping. Another thing is the fact that more vehicles are coming with factory alarms and vehicle electronics are getting more sophisticated making it harder for the average Joe to use a slimjim and 3 wires to have their prize driving down the road.
This is a perfect example of how the market and the consumers naturally affect and fix their own problems though spending their dollars and developing products.
Considering auto theft and auto insurance fraud are major negative factors that affect your rates, it's no wonder that the decline shows some drops in rates across the board. For example, it dropped 3.3% from 2005 to 2006. If only something so simple could be applied to health insurance we would see rates dropp across the board! Maybe there can?! Educating people on making choices that lead to healthier lifestyles could be a start. But that's a whole other issue right now and nobody knows what direction health insurance will be going with the proposed changes in our government
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