If you already own or plan to buy one of the vehicles listed below, the likelihood is your premium is going to be higher than you expect. Alternatively, your premium may well be increased at renewal despite gaining another year of no claims bonus (a discount that can be applied to the cost of your car insurance if you have made no claims that year).
Here is the top 5 list:
1. Range Rover Sport / SVR
2. Range Rover Vogue
3. Range Rover Autobiography
4. BMW X5
5. Land Rover Discovery
Range Rover and other Land Rover models have frequently featured in the top 10 most stolen and recovered cars league table over the last ten years, as has the BMW X5, which in 2020 slipped from 2nd to 4th position.
However, a large majority of premium 4x4 cars are hot targets, with car thieves stealing to order, often shipping them abroad or stripping them for parts in what is known as a 'chop shop' to meet the growing demand for spare parts.
The recovery rate has gradually decreased over the last ten years, and keyless theft has now risen to an all-time high, with 93% of vehicles stolen without using the owner's keys. That means there has been a 26% increase in just five years. By the time trackers are being monitored due to the owner reporting the theft or automatic driving recognition kicking in, the thieves have often already removed the tracker.
On average, cars featuring in the top 5 list are stolen in under 80 seconds.
We had a client who was with an online provider. At renewal, their insurer was requiring the vehicle to be kept within a locked garage overnight when the vehicle wasn't in use, despite it being kept behind electric gates and having a tracker. Of course, for many, these types of terms and conditions are not practical and may even discourage people from purchasing these types of cars.
We can help. We have access to a panel of insurers that can quote competitive terms for the vehicles within the list, and they are flexible and only apply endorsements if deemed necessary.
Get in touch:
If your vehicle is on the top 5 list, or you think you could be eligible for a better policy, get in touch! We can provide a quote and review your current insurance policies. We can also give you some tips and advice to help keep your vehicles more secure.