Car insurance customers warned of risk of theft by keys

Tuesday, 20 July 2010

The number of car insurance policyholders who have had their vehicle stolen using their own keys has risen in the first quarter of the year.

In the first three months of 2010, 80 per cent of motor insurance holders had their cars stolen by a thief using their keys, compared with 74 per cent at the end of last year, according to TRACKER, the UK's leading stolen vehicle tracking and recovery systems specialist.

Owners of BMW X5s were the most likely to be the victim of a car theft in the first quarter of the year, followed by motor insurance holders who own a Land Rover Range Rover or BMW M3, according to TRACKER.

"Thieves will target vehicles across a range of values, especially as today's market means car buyers are looking for bargains," said Stephen Doran, managing director for TRACKER.

"The recession is taking its toll on thieves too and we have seen them adjust their targets to suit buyers, making lower value vehicles just as valuable to them as the fancy sports cars."

Last month, it was revealed by a Defaqto survey that women are more concerned than men about whether their car insurance policy covers the cost of replacing locks if car keys are lost or stolen.

Posted by Claire Carter

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