Admittedly, a Porsche or a Range Rover or a Mercedes attracts attention and attracts thieves because of its luxury. But according to a recent survey by Tesco Bank brands such as Ford have topped the rankings. It is essential to have appropriate and proper insurance controls against theft.
Tesco Bank’s research suggests some brands are more likely to be stolen than others.
Data from the year to August 2024, and found that 16% of claims for stolen motors were for Ford models. Land Rovers were second, also accounting for 16% of claims, followed by Mercedes (9%), BMWs (8%) and Toyotas (5%).
This table shows:
Cars manufactured 10 to 14 years ago accounted for 23% of claims, while 15% of claims were for relatively new cars, aged four years or less.
Tesco Bank’s claims data may simply be reflecting the fact there is a higher volume of some models and colours on the market. For example, figures from the Society of Motor Manufacturers and Traders showed the most popular car in the year to August 2024 was the Ford Puma.
Data from the Office of National Statistics show signs that vehicle-related crimes are beginning to fall. Its latest crime survey, covering the 12 months to March 2024, revealed vehicle offences are down 6% year-on-year. This includes all vehicle-related crimes such as stealing from a vehicle and ‘interfering’ with a motor. If we look at car theft only, we can see the number of incidents decreased by just 1%.
It is common that not all insurance policies cover the cost of theft. The possibility of compensation and the amount paid by the insurer depends on the level of cover.
Basic liability insurance only covers the cost of damage to someone else’s car or injury to another person. There will be no claim in the event of theft of the vehicle. Therefore, liability, fire and theft insurance or a comprehensive policy should be purchased.
If the insurance states that it covers the theft, insurers can deny the claim. For example, if keys (or other devices such as keyless entry cards) are left in or on the car, or if the car is left unattended with the engine running.
