Purchasing a high-end vehicle is an important milestone — a testament to the culmination of hard work and dedication. However, the latest data indicates that high-end vehicle owners need to be proactive when it comes to protecting their car. According to industry data from the Insurance Bureau of Canada, a vehicle is stolen every 6 minutes in Canada, representing an estimated $1 billion annual price tag for Canadians.

With vehicle theft on the rise in Ontario and the rest of the country, it is important to take as many precautions as possible to protect your hard-earned asset. In this article, we delve into some of the solutions you can implement to ensure you’re able to enjoy your high-end vehicle ownership without the constant fear of losing what you’ve worked so hard to attain.

Anti-Theft Devices for your Vehicle

These devices are intended to make it more challenging for thieves to steal a vehicle. Here are some anti-theft devices you can purchase to protect your car:

  • Steering wheel locks: these adjust to fit most steering wheels, and can be easily locked and unlocked with a key.

  • Brake locks: these attach to the clutch or brake pedal and are then locked in place with a key.

  • Immobilizers: these disable the engine by disconnecting the starter, ECU fuse, or fuel pump.

Anti-Theft and Recovery Systems

In the case that your car is stolen, an effective recovery system will dramatically increase your chances of getting your vehicle back before it is too late. The Tag System is an anti-theft recovery system that has been extremely successful at tracking down and recovering stolen vehicles across the United States and Canada.

The installation of the Tag system, which only takes one hour to complete, will protect your car by ensuring that it can be tracked at any time in the event of theft. A small Tag logo etched on your vehicle’s windows serves to deter thieves by alerting them that your car is being protected by the Tag system.

A high theft vehicle surcharge is now being implemented by most insurance carriers that applies to  select vehicles that are at increased risk of theft based on year, make and model. To learn if your vehicle is at an increased risk of theft and will qualify for this premium surcharge please contact one of our Oracle RMS brokers today. They will be able to tell you whether you can be exempt from this surcharge by installing the Tag system.

At Oracle RMS, we remain committed to partnering with insurance providers that strive to protect our clients innovatively. To learn more about Tag offers from your insurance carrier you may be eligible for, contact one of our brokers today by sending an email to info@oraclerms.com or calling us at 905- 660-9740.

Another anti-theft system you can opt for are the IGLA Anti-Theft devices, which allow you to use your vehicle’s existing buttons to authorize your vehicle to start. The code entered into your vehicle is a unique code that is chosen by you.

Everyday Measures to Prevent Theft

One of the easiest ways to prevent theft is to park your vehicle in ways that make it harder for a thief to steal it. Make sure to turn your wheels toward the curb to make it harder to tow away. Depending on the type of car you own, you will want to park differently:

  • If you have a rear-wheel-drive car, back into your spot.

  • If you have a front-wheel-drive car, park facing forward.

If you can, always park your high-end vehicle in well-lit, busy areas with high foot traffic. Use secure parking facilities whenever possible, and avoid leaving your vehicle in isolated or poorly lit areas.

It’s also important to be mindful of where you keep your keys. You should avoid leaving them in obvious places, such as on a key hook near the front door. Consider using a signal-blocking pouch or box to prevent relay attacks on key-less entry systems.

Finally, be careful of what you say on social media. You might be tempted to share pictures of your vehicle online to celebrate the purchase. However, this information can be used by criminals to target your vehicle. Likewise, avoid posting specific details about your high-end vehicle such as its location, or your travel plans.

The Ideal Insurance Coverage for your Vehicle

Have you ever wondered what kind of insurance coverage you need to protect yourself against car theft?

Comprehensive insurance coverage, which is an optional auto insurance coverage that protects the insured’s vehicle in the event of damage not caused by a collision.

In addition to protecting you if your vehicle is stolen, comprehensive insurance covers damage caused by things like fire, vandalism, extreme weather and falling objects.

Choosing the right kind of insurance for your vehicle can be a daunting task at times. Fortunately, our licensed insurance brokers at Oracle RMS are experts at finding tailored car insurance solutions that will cover your every need. Request your quote here today.