By Chuck Mai, AAA
Statistics show that car thieves prefer older vehicles. Surprised?
People tend to think that older cars are of little interest to those sneaky ol’ car thieves because of their low retail value. But there are two reasons why older vehicles are so often on the bad guys’ hit parade: 1) Most vehicles are stolen for their parts, not for the vehicle itself, and used auto parts that many vehicles can use are in big demand, especially now that so many of us are keeping our cars longer; 2) older cars typically aren’t equipped with the sophisticated locks and security systems of newer models.
According to the National Insurance Crime Bureau, the top ten stolen vehicles in Oklahoma are:
1) 1994 Chevy pickup (full size)
2) 2006 Ford pickup (full size)
3) 1996 Honda Accord
4) 2001 Dodge pickup (full size)
5) 2000 Honda Civic
6) 1994 GMC pickup (full size)
7) 2002 Ford Explorer
8) 1998 Chevy pickup (small size)
9) 1995 Ford Mustang
10) 1995 Jeep Grand Cherokee
So, you might want to consider keeping comprehensive insurance coverage (covers theft) on that 1988 Dodge Horizon you’re driving. You’ll at least have some payout if your car is stolen, and the coverage isn’t likely to alter your insurance rates dramatically.