Notices

High Theft Risk Premium Surcharge - Insurance

Thread Tools
 
Search this Thread
 
Old 06-14-2024 | 06:38 PM
  #1  
pbcsd's Avatar
pbcsd
Thread Starter
Racer
 
Joined: Aug 2023
Posts: 406
Likes: 169
Default High Theft Risk Premium Surcharge - Insurance

So got a letter from my insurer (CAA), saying that a $1500 premium will apply, and I can get a discount of:

- 100% if I purchase an after market engine immobilizer that meets certain criteria (professionally installed, can not be seen, Code/PIN sequence or FOB to start the vehicle)
- 50% if I have an engine immobilizer that doesn't meet the criteria, or an engine cut off sequence, or 2FA to start the vehicle
- Lastly, 33% if I put on a steering wheel lock, brake pedal lock, wheel and tire lock; or a retractable bollard, or a key fob signal blocking device (faraday device).

Has anyone looked into immobilizers??
Old 06-14-2024 | 07:01 PM
  #2  
pbcsd's Avatar
pbcsd
Thread Starter
Racer
 
Joined: Aug 2023
Posts: 406
Likes: 169
Default

Seems like these are the best options available. Man this is annoying. I keep my car in a garage and use a faraday box. Further, the 911 isn't anywhere near the top X vehicles stolen, ever. Wonder if the folks driving Honda Civic's or CRVs (top cars stolen) are being hit with $1500 or if this is just another cash grab.

https://stopautotheft.ca/products/ph...49432431198526
https://www.iglausa.com/igla-anti-theft
https://autowatchcanada.com/product-overview/ghost-ii/
Old 06-15-2024 | 01:17 AM
  #3  
Vapordan's Avatar
Vapordan
Racer
 
Joined: Jul 2022
Posts: 274
Likes: 142
From: True North
Default

Yes, Immobilizers are the way to go. Practically unbreakable. Expensive but how much do you value peace of mind? I never worry about car theft anymore. They also come with added features like hijack alarms too.
Old 06-15-2024 | 10:50 AM
  #4  
pbcsd's Avatar
pbcsd
Thread Starter
Racer
 
Joined: Aug 2023
Posts: 406
Likes: 169
Default

Originally Posted by Vapordan
Yes, Immobilizers are the way to go. Practically unbreakable. Expensive but how much do you value peace of mind? I never worry about car theft anymore. They also come with added features like hijack alarms too.
Which do you use?
Old 06-15-2024 | 11:44 AM
  #5  
Vapordan's Avatar
Vapordan
Racer
 
Joined: Jul 2022
Posts: 274
Likes: 142
From: True North
Default

I use Ghost and IGLA.
Old 06-15-2024 | 02:28 PM
  #6  
pbcsd's Avatar
pbcsd
Thread Starter
Racer
 
Joined: Aug 2023
Posts: 406
Likes: 169
Default

Originally Posted by Vapordan
I use Ghost and IGLA.
Both? For which functions?
Old 06-15-2024 | 03:31 PM
  #7  
Anakin Skywalker's Avatar
Anakin Skywalker
Drifting
 
Joined: Apr 2017
Posts: 2,098
Likes: 482
Default

Originally Posted by pbcsd
So got a letter from my insurer (CAA), saying that a $1500 premium will apply, and I can get a discount of:

- 100% if I purchase an after market engine immobilizer that meets certain criteria (professionally installed, can not be seen, Code/PIN sequence or FOB to start the vehicle)
- 50% if I have an engine immobilizer that doesn't meet the criteria, or an engine cut off sequence, or 2FA to start the vehicle
- Lastly, 33% if I put on a steering wheel lock, brake pedal lock, wheel and tire lock; or a retractable bollard, or a key fob signal blocking device (faraday device).

Has anyone looked into immobilizers??
What vehicle does that apply to?
Old 06-15-2024 | 03:46 PM
  #8  
Vapordan's Avatar
Vapordan
Racer
 
Joined: Jul 2022
Posts: 274
Likes: 142
From: True North
Default

Originally Posted by pbcsd
Both? For which functions?
I have 1 ghost install and 2 IGLAs. Ghost is actually a rebrand of IGLA with a much higher price tag.

So, all of the features are available in both systems. It’s actually the same manual. Anti-hijack AS/S disable and about 30+ other functions are available as part of the system.
Old 06-15-2024 | 03:59 PM
  #9  
lowbee's Avatar
lowbee
Rennlist Member
 
Joined: Jun 2016
Posts: 1,601
Likes: 431
From: Toronto
Default

Originally Posted by pbcsd
Seems like these are the best options available. Man this is annoying. I keep my car in a garage and use a faraday box. Further, the 911 isn't anywhere near the top X vehicles stolen, ever. Wonder if the folks driving Honda Civic's or CRVs (top cars stolen) are being hit with $1500 or if this is just another cash grab.

https://stopautotheft.ca/products/ph...49432431198526
https://www.iglausa.com/igla-anti-theft
https://autowatchcanada.com/product-overview/ghost-ii/

Time to look at a different insurance provider, this high theft risk premium is total BS. Try Co-operators
Old 06-15-2024 | 04:10 PM
  #10  
Vapordan's Avatar
Vapordan
Racer
 
Joined: Jul 2022
Posts: 274
Likes: 142
From: True North
Default

Originally Posted by lowbee
Time to look at a different insurance provider, this high theft risk premium is total BS. Try Co-operators
nope co-operators doing the same thing. Ask me how I know.
Old 06-15-2024 | 04:19 PM
  #11  
lowbee's Avatar
lowbee
Rennlist Member
 
Joined: Jun 2016
Posts: 1,601
Likes: 431
From: Toronto
Default

Originally Posted by Vapordan
nope co-operators doing the same thing. Ask me how I know.
Hum, must be the 911 thing then cause I don't get that with my 718
Old 06-15-2024 | 04:21 PM
  #12  
Vapordan's Avatar
Vapordan
Racer
 
Joined: Jul 2022
Posts: 274
Likes: 142
From: True North
Default

I don’t have a 911. Don’t have that kind of money. Insurance increase is on the coupe.
Old 06-15-2024 | 05:19 PM
  #13  
pbcsd's Avatar
pbcsd
Thread Starter
Racer
 
Joined: Aug 2023
Posts: 406
Likes: 169
Default

Originally Posted by Anakin Skywalker
What vehicle does that apply to?
2020 911 C4S
Old 06-15-2024 | 05:21 PM
  #14  
.2PDK's Avatar
.2PDK
Race Car
 
Joined: Feb 2014
Posts: 3,624
Likes: 1,316
Default

Originally Posted by Vapordan
nope co-operators doing the same thing. Ask me how I know.
Yup, ne reprieve there...
Old 06-17-2024 | 12:59 PM
  #15  
pbcsd's Avatar
pbcsd
Thread Starter
Racer
 
Joined: Aug 2023
Posts: 406
Likes: 169
Default

Anyone know what this means?

"That Vehicle requires a staul cut to immobilize the vehicle correctly, with that being said there are not many shops that don't this as it is not necessary to do on the installation guide however with our experience and testing those vehicles if this is not done or ignored your vehicle will still be able to get started as someone tries multiple times to crank over the vehicle."

A Staul cut? This was for IGLA...they want ~$1700+tax. Looks like there is something called CAN-Phantom as well.



Quick Reply: High Theft Risk Premium Surcharge - Insurance



All times are GMT -3. The time now is 08:15 AM.