Not sure it made much of a difference to insurance premiums, unless you didn't have an immobilizer in which case you premium would go up. I expect the insurance industry benefited most from this.
I don't know why you're only considering insurance premiums. Surely, people benefit from not having their car stolen. It's a lot of work to replace a car, even if insurance pays.
Why Stealing Cars Went Out of Fashion
41–50 of 117 posts
Re: Why Stealing Cars Went Out of Fashion
#42In Dublin Ireland it's actually getting way more popular.
Re: Why Stealing Cars Went Out of Fashion
#43Another technological innovation he mentioned was the positive effect of the Lo-Jack stolen vehicle recovery system (https://en.wikipedia.org/wiki/LoJack). It not only instantly sends stolen vehicle information to police systems, but also activates a beacon on the stolen vehicle which specially equipped cruisers can detect and follow.
I imagine innovations such as these impacted the theft rate over the past 25 years, and also helped law enforcement agencies identify and arrest serial offenders responsible for large numbers of thefts. Didn't see it mentioned in the NYT article, though.
Re: Why Stealing Cars Went Out of Fashion
#44I wish bicycle theft was tackled in a similar fashion. A combination of factors seems to be at play here: Photo ID required to sell the car and technological hurdles that are too hard to overcome for small criminals. With embedded computer chips being so cheap nowadays, surely it should be possible to embed some sort of tracking system in bicycle frames.
Re: Why Stealing Cars Went Out of Fashion
#45I wish bicycle theft was tackled in a similar fashion. A combination of factors seems to be at play here: Photo ID required to sell the car and technological hurdles that are too hard to overcome for small criminals. With embedded computer chips being so cheap nowadays, surely it should be possible to embed some sort of tracking system in bicycle frames.
Stealing a bike is not just taking $300 or whatever from the owner. It's robbing that cyclist and would-be cyclists of the confidence to use their preferred mode of transportation, and deteriorating their health in the long term. This is a lot more damaging than non-cyclists often intuit, and insurance cannot cover it. The penalty for stealing bicycles should be closer to the penalty for stealing a car and intentionally injuring someone. Currently it's close to zero.
Re: Why Stealing Cars Went Out of Fashion
#46I wish bicycle theft was tackled in a similar fashion. A combination of factors seems to be at play here: Photo ID required to sell the car and technological hurdles that are too hard to overcome for small criminals. With embedded computer chips being so cheap nowadays, surely it should be possible to embed some sort of tracking system in bicycle frames.
How about RFID chips built inside the frame. Then your town would make hidden readers, placed around the city (close to cameras), that could alert authorities of a reported stolen bicycle being ridden. Make the thieves pay a hefty fine to recouporate some of the expense of the system.
Can't imagine anyone would object to that smart idea :)
Re: Why Stealing Cars Went Out of Fashion
#47I wish bicycle theft was tackled in a similar fashion. A combination of factors seems to be at play here: Photo ID required to sell the car and technological hurdles that are too hard to overcome for small criminals. With embedded computer chips being so cheap nowadays, surely it should be possible to embed some sort of tracking system in bicycle frames.
How about RFID chips built inside the frame. Then your town would make hidden readers, placed around the city (close to cameras), that could alert authorities of a reported stolen bicycle being ridden. Make the thieves pay a hefty fine to recouporate some of the expense of the system.
Re: Why Stealing Cars Went Out of Fashion
#48Earlier quoted context omitted.
Hondas are known for their reliability. If you don't crash it or trade it in, a Honda can easily go 200-300,000 miles and last for 20+ years. #3 and #4 on the "most stolen cars list" are the Toyota Camry and Corolla, which are the other cars most known for their reliability. If you're looking to steal a car built before 1997 (17 years ago), there are relatively few other makes that are still on the road. Cars from Am…
That sounds awfully low for American automakers. What exactly happens at 100,000 miles? Generally cars will go through their first big part replacement cycle between 60-100k, these are wearing parts that come to an end at that age. That can cost a couple of thousands but that's just part of normal maintenance and will be 10x cheaper than buying a new car. These Hondas and Corollas sure as hell go through this phase a…
I remember reading somewhere that this was driven by accounting improvements that arose from the Enron scandal but I can't find the source now.
[1] http://www.leftlanenews.com/ford-reduces-warranty-costs-by-1...
Re: Why Stealing Cars Went Out of Fashion
#49RIGHT?
Re: Why Stealing Cars Went Out of Fashion
#50I wish bicycle theft was tackled in a similar fashion. A combination of factors seems to be at play here: Photo ID required to sell the car and technological hurdles that are too hard to overcome for small criminals. With embedded computer chips being so cheap nowadays, surely it should be possible to embed some sort of tracking system in bicycle frames.
If you want to reduce bicycle theft in the US, the solution is simple: drastically increase the penalties for perpetrators. Get caught stealing a bike? One year in jail. Adjust until the level of theft is where you want it to be. Stealing a bike is not just taking $300 or whatever from the owner. It's robbing that cyclist and would-be cyclists of the confidence to use their preferred mode of transportation, and deter…