Florida Residents Can Save Up to Twenty Percent on Car Insurance

Despite local efforts to combat the problem, Florida still sees an increase in the number of stolen cars each year. One of the largest insurance companies operating in Florida, Progressive, has decided to take aggressive action. They are partnering with LoJack Corporation, the leader in stolen vehicle recovery, to help recover more stolen cars, and thus reduce the number of insurance claims.

The car insurance coverage that protects your car from theft is called comprehensive coverage, and with the high vehicle theft rate in Florida, most people who can afford to pay for comprehensive coverage do. With payouts for stolen vehicles continuing to increase, Progressive is forced to raise the rates that it charges for all its car insurance customers. Car insurance companies want to make money, but with so many companies competing for business, raising rates can lead to lost customers.

Stopping the Problem Before it Starts

Progressive has decided to nip this problem in the bud, before it can lead to lost customers. They are offering a discount of twenty percent off comprehensive coverage to any customer who has a LoJack system, or similar tracking device, installed in their car, or is willing to have one installed. The LoJack Stolen Vehicle Recovery System is simple to install, and once it's in your car, you don't need to do anything more. A small wireless radio-frequency transmitter is hidden somewhere on or in the vehicle, and if you report your vehicle as stolen, all the police need to do is match your Vehicle Identification Number (VIN #) to the LoJack system in your car. After the match, the LoJack system remotely activate, and begins emitting silent radio signals.

Law enforcement can then follow your car in police vehicle or even helicopters, armed with the LoJack system. They track your vehicle and then determine its location. You can then either recover your car, and you'll only need to file a stolen vehicle claim with your car insurance company if the car has been damaged before it can be recovered. It saves a lot of trouble on both ends. This program will also help construction companies save on the vehicle insurance for dump tracks and trailers!

Big Savings

It's predicted that people with expensive vehicles, such as construction equipment and luxury cars, will be the first to sign up, but others will be sure to follow. Anyone who is currently paying for comprehensive insurance can save a bundle by installing a LoJack. Also, for those customers who want to have comprehensive insurance but can't afford the extra expense, a twenty percent discount could put that coverage within their reach. And if you already have a LoJack in your car or truck, you might save a lot by switching to Progressive.

If you want to take advantage of this new program, or if you just want to see if you can save some money, get a free quote here at carinsurancerates.com today! You might be surprised at how much money you could save, especially when it comes to additional coverage like comprehensive. Most companies offer discounts - you just have to shop around!