Insurance Payouts For Car Thefts Rise
Car theft victims are getting a payout from insurers every eight minutes, according to alarming new data released today. Around 拢108 million - or 拢1.2 million a day - was paid out in claims in the first three months of the year, according to the Association of British Insurers. This was up 22% on the same period in 2018 and comes as campaigners and politicians call on car companies to improve security, especially for keyless cars. There was also a big jump in payouts for car damage, with insurers blaming the expensive technology used in newer cars. The Home Office recently revealed that vehicle thefts over the last five years have jumped 50%, with keyless cars being targeted by tech-savvy criminals who can gain access in as little as 20 seconds. In total, 16,000 claims were settled by insurers during the period, compared with 14,000 a year earlier, making it the highest quarterly figure in seven years.
Share Laurenz Gerger, ABI's motor insurance policy adviser, said: 'The continued growth in car crime must be reversed. The cost of repairs to both the vehicles of policyholders and third parties during the quarter was 拢1.2 billion. The ABI put this down to higher costs for parts and technology. For example, the cost of a headlight for one of the most popular cars - a Volkswagen Golf GTI - has jumped 400% from 拢163 on older models to 拢840 on newer ones. The cost of a Ford Focus windscreen has also risen from 拢147 between 2008-09 to 拢468 for post-2015 models. Despite the cost pressures from increased theft and more expensive vehicle repairs, the average price paid for motor insurance is at a two-year low of 拢466. The ABI said this is likely to be due to insurers passing on cost benefits from new legislation and new car purchases typically made by older, lower-risk drivers.
Christian Louboutin shoes, famously worn by celebrities, were sold for 拢331, while another pair by the same designer went for 拢100, and there were numerous pairs of brand new trainers on offer. Recently a ladies' Oyster Rolex watch worth 拢3,500 new was sold for 拢1,195 and the force even sold a plane which had belonged to a drug trafficker on its eBay account, which has a 100 per cent satisfied customer rating. Money from confiscated goods is passed on to the Home Office. Money from found and surplus items is allocated to the Police Property Act fund, which makes awards to local charities. Mr Paul Wenlock, head of the Economic Crime Unit, said: 'The Force set up its eBay site in September 2009, specialising in goods recovered under the Proceeds of Crime Act. Prior to listing items on eBay we satisfy ourselves that there are no legitimate owners of the property. Before our bay site was introduced we used conventional auction houses which meant we incurred additional costs, by using eBay we can plough the money raised directly to victims of crime through compensation. It's proven to be an extremely successful way of selling recovered goods and we will continue to use the site. Since 2009 we have sold over 5000 separate items of Proceeds Of Crime Act property raising 拢2.5 million.
Can't decide I'm engine happy? The Challenger is not known for great gas mileage. It's way too heavy, which IMO is its downfall. If you want power with better gas mileage, get the Mustang or Camaro. You'll be much happier, the suspension and quality is better for every day driving anyways. The EPA combined mileage for the SRT8 is 16 mpg. 11,000 for the SRT8 I suspect cost isn't really a concern to you. Dude, first of all, we don't believe a word you are saying. No parent in their right mind would let their kid get a car like this. Secondly, get your question in the right category. I hope you can drive better then you can write. You will note that, despite the crappy spelling, your post does not even contain a question. Anyway.. If I were you I would also look at what the insurance is going to cost you for either of those.
