Car theft is a growing concern for vehicle owners in India. In fact, around 1,00,000 cars are stolen every year in India. Anti-theft devices offer a practical solution to this problem.
These devices come with a range of benefits that include:
A wide range of anti-theft devices are available to suit different vehicle types and budgets. You can choose a device depending on your requirements and the risks you are exposed to.
Note that irrespective of the anti-theft device you choose, it must be approved by the Automobile Research Association of India (ARAI). Some of the approved anti-theft brands by ARAI in India are AutoCop, Nippon, Reliance, Pricol, Unidad Techno, etc. Some popular types of anti-theft devices include:
The installation of anti-theft devices can have a significant impact on car insurance premiums. Insurance providers view these devices as valuable risk-reducing tools, which can lead to the following effects:
Usually, car insurers give a 2.5% discount on the premium to a maximum of Rs. 500 if the vehicle is fitted with an anti-theft device.
However, the discount is available only for the damage caused to your vehicle during an accident and does not include the premium of the third-party cover. (Refer to the below table).
|Insurer||Premium (in Rs.)||Premium after anti-theft discount (in Rs.)*|
|New India Assurance||2,719||2,651|
|United India Insurance||4,349||4,241|
Note*: The above calculation is done for Maruti Swift Dzire Vxi, 2022 Registered, Petrol Variant and North Delhi Registration.
The cost of anti-theft devices differs as per the features and technology enabled in the device. For instance, A basic alarm device will cost you between Rs 3,000 and Rs 4,000, whereas for a GPS or Intelligent Computerised Anti-Theft (ICAT) system, you will have to spend between Rs 6000 and Rs 17,000.
Selecting a suitable anti-theft device for your vehicle is crucial to ensure adequate security. Consider the following tips when making your choice:
Investing in an anti-theft device for your vehicle is a wise decision that offers multiple benefits. These devices not only enhance vehicle security and reduce the risk of car theft but can also lead to potential discounts on your car insurance. By taking steps to protect your vehicle, you not only save on vehicle insurance costs but also gain invaluable peace of mind.
Ans: A third-party car insurance policy does not cover the theft of your four-wheeler. However, by purchasing a comprehensive car insurance policy, you can get compensated if your car suffers a loss due to theft or burglary.
Ans: A comprehensive motor insurance policy will only cover items that are pre-installed in the car. It does not cover the loss of any personal belongings from the car. However, these items can be covered by purchasing a Personal Belongings add-on cover along with your car policy.
Ans: Yes, car manufacturers have started selling cars that are pre-installed with anti-theft devices. Most luxury car manufacturers such as Toyota, Ford Motors and Mahindra have an inbuilt anti-theft system in their high-end models. Even mid-segment players such as Maruti Suzuki have introduced anti-theft devices in many car models.
Ans: No, installing an anti-theft device is not a mandatory requirement in India. However, it is recommended to install one to increase the security of your device. Discount on the premium is an added benefit.
29 Sep 2023The concept of Own Damage(OD) is not a new one. For those of us
29 Sep 2023Filing a motor insurance claim can be a complex process, and
29 Sep 2023To continue receiving coverage benefits, it's necessary to renew
20 Sep 2023Having third-party car insurance is mandatory as per the motor
13 Sep 2023When buying car insurance, it is essential to have a thorough