How Anti-Theft Devices Can Lower Your Car Insurance Premium

What is an Anti-Theft Device?

An automobile anti-theft device is any system or technology installed in a vehicle to prevent theft. Car anti-theft measures have advanced significantly, ranging from basic mechanical locks to sophisticated electronic systems and tracking systems. While some are designed to physically prevent a car from being stolen by making it hard to drive away, others are intended to scare criminals away with alarms, or aid in locating the car if it has been stolen with tracking technology.

 

Anti-theft devices include steering wheel locks, car alarms, immobilisers, and GPS tracking systems. With car theft incidences constantly on the rise in Indian towns, investing in a strong car security system has never been more crucial to keep your ride safe.

 

Types of Anti-Theft Devices for Cars

Car anti-theft systems offer varying levels of security, depending on the price and vehicle. The Automotive Research Association of India (ARAI) examines and certifies automotive technologies, including anti-theft systems. ARAI accreditation ensures that these devices meet established safety and quality standards, making them reliable and effective in preventing vehicle theft. Insurance companies in India accept ARAI-approved devices, making it easier for you to save money on premiums if you install one in your car.

 

The following are the types of ARAI-certified anti-theft devices:
 

1. Mechanical devices: Mechanical devices such as steering wheel locks, gear locks, and brake locks act as physical barriers, making it harder for a thief to steal your car.
 

2. Electronic Devices: This group comprises automotive alarms, immobilisers, and keyless entry systems. Alarms prevent theft by producing loud sounds when someone tries to break into the vehicle, while immobilisers prohibit the engine from starting unless the correct key is used.
 

3. Tracking systems: GPS-based tracking devices allow the owner or authorities to find a stolen car. These are very beneficial for high-value automobiles, and several ARAI-certified tracking systems are known for their efficacy.

 

4. Kill Switches: A kill switch disables the ignition system or fuel pump, preventing the vehicle from starting without the appropriate override.

 

Why Should You Consider Installing an Anti-Theft Device?

Installing an anti-theft system in your car is a prudent move, especially with the increasing threat of vehicle theft in many Indian towns. The following are the primary reasons why investing in anti-theft technology for your automobile is beneficial:

1. Deters theft: Most thieves target easily accessible automobiles. A clearly visible anti-theft device, such as a steering lock or an alarm system, is a powerful deterrent. Thieves are less inclined to try a break-in if they notice a car with strong security features.

 

2. Lowers insurance costs: Insurance companies incentivise car owners to take precautions to decrease the danger of theft by providing discounts on premiums. Installing an ARAI-certified anti-theft device might reduce your Car Insurance cost by 2-5%. This not only protects the car but also saves you money in the long run.

 

3. Enhances vehicle recovery: In the event of a theft, tracking devices such as GPS systems may significantly increase the chances of recovery. These gadgets provide real-time location updates, allowing authorities to quickly find and return your car.

 

4. Increases resale value: A car with advanced anti-theft systems has a higher resale value. Potential buyers are more inclined to pay a premium for a car with advanced security features.

 

5. Peace of mind: Knowing that your vehicle is safeguarded by an anti-theft system gives you peace of mind, whether you park it in public or leave it overnight. You can be confident that your vehicle is far less likely to be targeted by criminals.

 

How Do Anti-Theft Devices Affect Car Insurance Premiums?

Installing an anti-theft device in your vehicle will significantly lower your Car Insurance premiums. Insurance companies evaluate the risk of insuring your car, and having efficient anti-theft systems may result in reduced premiums. This is how it works.

 

• Reduced risk of theft: Vehicles fitted with anti-theft systems are less appealing to crooks. This means lower payouts for insurers in the case of theft, pushing them to provide discounts on the cost of your insurance.

 

 

• Streamlined claims process: Securing your car demonstrates to insurance providers that you are a responsible policyholder. This proactive approach may result in easier claims processes, allowing you to get back on the road sooner.

 

At Shriram Car Insurance, we understand the importance of protecting your vehicle and the peace of mind it brings. Our comprehensive Car Insurance policies are designed to support you in this journey. With benefits that include a speedy claims procedure, minimum paperwork, a No-Claim Bonus, and Roadside Assistance, insure with  Shriram Car Insurance to safeguard your vehicle and save money on insurance.

 

Cost of Anti-Theft Devices

To safeguard your automobile against theft, you do not need to spend a fortune. Mechanical locks, including steering wheel locks, may be purchased for as low as ₹500, while more complex systems like GPS trackers or immobilisers may cost up to ₹10,000.

 

It's critical to see these expenses as long-term investments. They not only protect your car, but the lower insurance costs might help balance the original investment over time. Moreover, using ARAI-certified anti-theft devices might result in even higher savings since insurance companies prefer devices that satisfy their guidelines.
 
Visit the ARAI website to see a list of authorised anti-theft devices and manufacturers. This will help you streamline your purchase.

 

Things to Consider While Choosing & Installing an Anti-Theft Device

There are a few things to consider before buying and installing any anti-theft device for your car. Here they are:

 

• ARAI certification: Insurance providers recognise only ARAI-certified anti-theft devices to provide discounts on your premium.
   
   
• Compatibility: The anti-theft device you install for your car must be compatible with your car’s make and model.
   
   
• Effectiveness: You should assess the efficacy of the anti-theft device based on the sort of theft you wish to safeguard your car from. For example, an immobiliser must be fitted to prevent engine tampering. 
   

Budget and cost-benefit analysis: The cost of the anti-theft device should be within your budget and compared against the potential reduction in your insurance premium.
 

Professional installation: It is advisable to hire a trained expert to install the device to avoid any problems caused by faulty installation.
 

Conclusion

Not only is installing an ARAI-certified anti-theft system in your car a smart financial decision, but it's also a step toward more secure driving. A car with a reduced theft incidence is seen as a lower risk by insurance companies, which can lead to a reduction in your premium. Whether you go for a simple steering wheel lock or a state-of-the-art GPS tracking system, anti-theft protection is a wise investment as it will safeguard your car and save insurance costs.

 

FAQs

1. What is an anti-theft device in Car Insurance?

An anti-theft system is a security feature installed in automobiles to deter theft. Insurance companies frequently offer discounts on premiums for vehicles fitted with ARAI-certified anti-theft systems.
 

2. How much can I save on my premium by installing an anti-theft device?

The potential reduction in premiums can vary from 2% to 5%, depending on the type of anti-theft device and the specific insurance provider involved.

 

3. Are all anti-theft devices eligible for premium discounts?

No, not every anti-theft device qualifies for a premium discount. Most insurance companies only accept ARAI-certified anti-theft systems for cars. It's wise to check with the insurance provider to see which anti-theft devices qualify for discounts.

 

4. Are anti-theft devices mandatory for Car Insurance in India?

No, anti-theft devices are not mandatory; however, having an ARAI-approved anti-theft device may significantly lower your premium.

 

5. What are the best anti-theft devices for cars in India?

Steering wheel locks, immobilisers, and GPS tracking systems are some of the most common automobile anti-theft technologies. You can install the anti-theft device that best meets your vehicle's security requirements.