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Anti-auto theft organization celebrates 25 yearsPosted On Mon, October 25, 2010
There are several factors auto insurance companies take into account when determining premiums. In addition to reviewing a motorist's driving history, there are other things beyond a car owner's control that are reviewed as well.
For example, insurers frequently increase premiums for those who house their vehicles in cities or areas with high crime rates. Also, vehicles that are more likely to be stolen by thieves may cause rates to edge upwards.
Michigan established a program called Help Eliminate Auto Thefts 25 years ago. So far, the program has helped recover more than $52 million in stolen property.
Michigan Supreme Court Justice Robert Young says the program highlights the benefits that can be derived from companies and organizations combining their efforts.
"This partnership has become essential in the fight against the socioeconomic costs associated with auto theft-related crime, making our neighborhoods, communities and our state a better place to live," says Young.
The National Insurance Crime Bureau says the 1994 Honda Accord was the most stolen vehicle in the country last year. The 1995 Honda Civic and 1991 Toyota Camry rounded out the top three.
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