Vehicle Theft And How Insurers Are Responding To It
Insurance Companies' responses to increased vehicle theft, and what it means for you:
Insurance Companies' responses to increased vehicle theft, and what it means for you:
Aviva Insurance is extending a special offer to Ontario customers with high-theft Private Passenger Vehicles in high-risk areas, allowing them to install Tag free of charge until March 31, 2024. Eligible customers will soon receive a letter detailing this opportunity. You must install Tag at any participating Speedy Glass location by the specified date to avoid a $500 surcharge. Starting April 1, 2024, You can take advantage of preferred pricing for Tag installation. To book an installation, you can contact a participating Speedy Glass service center, bringing your Tag offer letter and current Aviva pink slip by March 31, 2024, for a free installation. After April 1, 2024, only the Aviva pink slip will be required for the preferred rate. Moreover, those installing Tag are eligible for an additional 20% discount on comprehensive coverage as part of the Theft Recovery Device Discount.
CAA Insurance Company:
- • Steering wheel lock
- • Brake pedal lock
- • Wheel and tire lock
Chubb Insurance Company:
Economical Insurance:
Economical, in collaboration with Tag Tracking, is providing eligible customers with the option of obtaining the Tag system at no cost or with a $100 discount. Impacted customers will receive a letter from Economical. Customers who choose not to avail of this opportunity will receive a $500 surcharge on their premiums for high-risk vehicles. These adjustments will come into effect for new policies commencing on September 25, 2023, and policy renewals from November 29, 2023. Furthermore, they are extending the Anti-theft Discount for stolen vehicle tracking and recovery systems to all vehicles, irrespective of their theft risk classification.
Gore Mutual Insurance Company:
- • Acura RDX
- • Chevrolet/GMC Silverado and Sierra 1500
- • Dodge Ram
- • Ford F150
- • Honda CR-V
- • Land Rover/Range Rover
- • Lexus RX300-500
- • Jeep Grand Cherokee and Wrangler
- • Toyota Highlander, Tacoma and Rav 4
To avoid the surcharge, you need to install Tag, theft prevention and tagging system. Moreover, you can also enjoy a $100 discount on the installation cost of the Tag system at any Speedy Auto Glass location in Ontario. You may also be eligible for an anti-theft discount of 20%.
Intact Insurance:
Jevco Insurance:
Jevco has partnered with Tag to offer the anti-theft device at a discounted price for clients with vehicles at high risk of theft. Impacted clients will receive a letter about these changes. To install Tag at the Jevco rate, contact the Speedy Glass service center and book an appointment. If you wish to add another anti-theft system besides Tag, please consult with your insurance broker for Jevco’s approval beforehand. If you opt not to install anti-theft devices, a premium surcharge of $500 will be applied to your policy upon renewal from October 13th.
Pembridge Insurance:
Pembridge is providing complimentary Tag installation for vehicles at a higher risk of theft. Eligible customers have received a letter outlining the necessary steps. To benefit from this offer, you must book an appointment with Speedy Glass Center by June 30th, 2024. Upon installation, you become eligible for a 10% discount on comprehensive coverage. If you choose not to install Tag, a high-risk surcharge will be added to your policy. Existing customers with Tag already installed can avail a 10% discount upon renewal starting February 19, 2024, and for new business effective January 19, 2024.
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