The Honda Accord Most Stolen Auto
According to the FBI, around 800,000 automobiles and trucks were stolen in the United States last year. This is a huge burden to the owner whose vehicle has been stolen, especially if the owner does not have appropriate insurance coverage to handle the theft. Around 40% of all stolen vehicles do not have insurance to cover the replacement of the vehicle.
During the last year the most stolen automobile was the 1994 Honda Accord. The second most stolen was the 1995 Honda Civic and the third most was the 1991 Toyota Camry. If you own one of these automobiles, you may be concerned that your insurance premiums will be affected just because these vehicles are targeted by thieves. While that is a possibility, it is not the general rule.
Insurance that protects the owner in case of theft is called physical damage insurance and is made up of comprehensive coverage and collision coverage. Comprehensive covers damage to your car caused by theft, vandalism, fire, windstorm, glass-breakage and other damage that is not caused by a collision. Collision pays for damage if your car collides with another vehicle or object. Both types of physical damage insurance have selectable deductibles which is your responsibility to pay before the insurance pays for the remaining repairs.
Physical damage insurance is usually important to have if the vehicle is five years old or newer. Physical damage insurance is required by the financial institution or bank if there is a loan on the car or if it is leased. Older model vehicles, such as those described previously, may not be valuable enough to pay the additional insurance, but that is the owner’s decision.
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Serenity Insurance offers car insurance in 47 states for both preferred and high risk drivers. Call us toll free today at 1-800-774-0520 or use our car insurance quote form.