In recent years, Canada has made international headlines as the so-called “car theft capital of the world.” Across the country, police departments, government agencies, and car manufacturers are all ramping up efforts to combat the crisis. But with car theft on the rise and insurance costs following suit, drivers are feeling the impact firsthand – making it only natural to want to take action.
One of the most effective forms of car theft prevention is installing an anti-theft device. But with so many options available, how do you choose the right one? And can it really help you save money on car insurance? This article has the answers you need.
Anti-Theft Devices and Car Insurance
With car theft claims costing the insurance industry over $1.5 billion in 2023 alone, many insurance companies and brokers, like YouSet, are offering discounts on car insurance to drivers who install anti-theft devices.
These discounts can not only help offset the cost of these devices but also make the investment more appealing. The more drivers who choose to install anti-theft devices – whether for the discount on car insurance or not – the harder it becomes for thieves to successfully steal cars from Canadians.
Before rushing out to buy an anti-theft device for your car, there’s one important step: confirm whether your current insurance company or broker offers a discount for such devices. If they do, be sure to ask about any terms or conditions to avoid investing in a device that might not qualify. If they don’t, consider shopping around for other providers that do (like YouSet) and compare prices – you could end up saving money and securing the discount you’re after.
Best Anti-Theft Devices by Price
The best anti-theft device is one that’s installed correctly, high-quality, and proven to be effective. Regardless of which device you choose, always purchase it from a reputable retailer – don’t settle for the first option that appears at the top of Google. If the price seems too good to be true, it likely is. Remember, the effectiveness of anti-theft devices depends on their quality, so don’t sacrifice reliability for a bargain.
With that being said, you have many options to choose from at various price points. To help you decide which is right for you, here’s a brief overview of the best types of anti-theft devices, listed from typically the least to most expensive.
Steering wheel lock – $
A steering wheel lock is a physical device that secures the steering wheel in place, making it difficult for thieves to steer the car. While there are many options available, the Club has long been one of the most popular. Prices typically range from $40 to $125, and the device is installed by you each time you leave your car.
Brake lock – $
A brake lock is a device that secures the brake pedal, preventing the car from being driven even if it’s hotwired. While less popular than steering wheel locks, the Club offers a brake lock that typically retails for around $60.
Key fob case – $
A key fob case blocks electromagnetic signals, preventing thieves from intercepting and duplicating your key fob’s signal to steal your car. Among the many options available, the Faraday brand is a popular choice, often recommended by police.
In fact, several police departments in Ontario have even given them away to residents for free in the past. A bag from the brand can cost between $20 and $50, while a more durable key fob cage typically ranges from $60 to $80.
Gear shift lock – $$
A gear shift lock is a device that physically secures the gear shift, preventing the vehicle from being put into gear and driven. While they can be used on both manual and automatic cars, they are less common than steering wheel locks and typically range in price from $60 to $120.
OBD lock – $$$
An OBD lock covers the On-Board Diagnostics (OBD) port, preventing the thieves from being able to bypass security features or reprogram the key. One of the most popular options is the Sherlock OBD lock, typically priced around $175. However, the cost may increase if you’re not comfortable installing it yourself and need a mechanic to assist with the installation.
Are Anti-Theft Devices Worth It?
A determined car thief, given the means and opportunity, poses a serious threat. If they’re intent on stealing your vehicle, the unfortunate reality is that there may be little you can – or should, for your own safety – do to stop it.
Does this mean we should give up on anti-theft devices? Does it make them less worthwhile? No. Remember, many car thieves are opportunistic in nature. They seek easy targets and minimal resistance. By making your vehicle harder to steal or presenting a greater challenge, you reduce the chances that some thieves will even attempt it. Instead of spending time trying to bypass your security and risk getting caught, many thieves will simply move on to a less secure vehicle.
This is what makes anti-theft devices worth the investment – they deter thieves from targeting your car. Plus, if your insurance provider offers a discount for installing one, the savings can help offset the cost of the device, making the investment even more worthwhile. So, in the end, it’s a win-win: you protect your car while lowering your monthly insurance bill.