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80% of car loans customers risk break-ins
Nov 6 2008Four in five unsecured Car Loans customers risk having their vehicles damaged and insurance premiums raised by leaving valuables on display, according to a survey.
Research from car insurer LV= suggests that many motorists routinely leave high value items such as mobile phones and wallets in their cars, with the number of break-ins on the rise as a result.
Young and male car loans customers were identified as the worst culprits, with detachable car stereo systems ranking as the most likely item to be stolen by thieves.
Emma Holyer, spokesperson for LV= car insurance, said the "casual attitude" of many new and used car owners was costing them unnecessary money as insurance premiums rise in line with damage to the car caused by thieves.
Forty per cent of thefts occurred within cars parked in residential streets directly outside owners' homes.
The warning comes despite Home Office figures released yesterday claiming that vehicle theft fell by 12 per cent in the year ending June 2008.
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