Car Insurance > Homepage-Primary

Keyless car thieves ramp up insurance prices

Josh O'Brien
Feb 10, 2020


According to data provided by Go Compare, car insurance prices are set to hit record highs this year as insurers hike prices up in response to larger claim costs.

CLICK HERE TO SEE IF YOU CAN GET CHEAPER CAR INSURANCE

There are multiple reasons as to why prices are on the rise, ranging from Brexit’s role in the increased cost of imported parts to a huge increase in the number of reported keyless car thieves and related car crime.

Chief-Executive and founder of Go Compare, Lee Griffin, shed light on what car insurers can expect this year.

“We're expecting this year to be another challenging one for car insurers, with a perfect storm of factors coming together to put further pressure on premiums.”

“In addition to rising claims costs, economic and political uncertainty, insurers may face regulatory measures to change their pricing practices as the Financial Conduct Authority publishes its report and remedies on making the car insurance market work better for customers.”

Car theft is arguably the biggest reason insurers can expect prices to rise, with a 3 per cent rise in vehicle related crime according to Police crime figures.

CLICK HERE TO SEE IF YOU CAN GET CHEAPER CAR INSURANCE

Vehicle related crime has actually been on the rise since 2015, with claims on thefts of vehicles hitting around the £88 million pound mark in the summer of 2018, claim the Association of British insurers.

One particular method of car crime that is increasing is keyless car theft. This is where all thieves have to do is intercept the signal between the fob and the car to gain access to the vehicle.

There are steps car owners can take to prevent such theft occurring, such as purchasing a key signal blocking case to prevent thieves from amplifying the signal.

CLICK HERE TO SEE IF YOU CAN GET CHEAPER CAR INSURANCE

Here at A Spokesman Said we love fighting for your rights and believe passionately in natural justice.

But these battles cost us money. You could help us fund these fights by using our price comparison site, A Spokesman Said for your energy, car insurance and household bills.

We’re just the same as Go Compare or any other price comparison site, so you won’t be losing out in any way - by helping us, you will be helping yourself.

Thank you for your support.


When did you last switch your car insurance provider?

Last year 65% of customers didn't switch their car insurance to try and get a better deal.