Chipped Keys

[nookandcrannycar]

Originally Posted by IllusionX

Insurance rate doesn't have anything to do with government regulations.

It does if the government essentially owns the insurance company. In such as case, many would consider a government regulation and an insurance company regulation a distinction without a difference.

[The Limo 2]

Most car insurance in BC is purchased through The Insurance Corporation of BC which is a Provincial Government run agency. They see having a chip in the key as a way of reducing the number of stolen vehicles, therefore reducing their payouts for stolen vehicles and helping to keep auto insurance as low as possible.
Roy

[nookandcrannycar]

Originally Posted by The Limo 2

Most car insurance in BC is purchased through The Insurance Corporation of BC which is a Provincial Government run agency. They see having a chip in the key as a way of reducing the number of stolen vehicles, therefore reducing their payouts for stolen vehicles and helping to keep auto insurance as low as possible.
Roy

OMG, I hope we never have this. However, the way things are headed, nothing would surprise me.

[bronsin]

Originally Posted by The Limo 2

Most car insurance in BC is purchased through The Insurance Corporation of BC which is a Provincial Government run agency. They see having a chip in the key as a way of reducing the number of stolen vehicles, therefore reducing their payouts for stolen vehicles and helping to keep auto insurance as low as possible.
Roy

What they ought to do is give a reduction in premiums to owners of cars with low theft rates and raise the ones of frequently stolen cars.

[JustPassinThru]

Originally Posted by bronsin

What they ought to do is give a reduction in premiums to owners of cars with low theft rates and raise the ones of frequently stolen cars.

Yup.

I've never had a car stolen in my life - and I've been driving for 38 years.

I've ALWAYS kept a key inside the car. Starting with one of my first cars, an old Pinto beater...the ignition lock would sometimes jam, so I just took an extra key, put it in and left it in.

Been doing that ever since. The insurance company doesn't need to pay for lockout trouble calls; and it hasn't needed to pay on a stolen car.

And a chipped key isn't the answer. Now, if I were parking on a busy city street, I'd do something different...but I know that where I'm at, people don't steal cars. Not unless they're trying to get out from under their car note...

[JustPassinThru]

In 2010, 74 Yarii were reported stolen - a rate of 1.16 for every thousand.

http://www.aboutautomobile.com/Theft/2010

Not very high; and not worth the cost of a three-figure chipped-key replacement.

[jack black]

Originally Posted by JustPassinThru

In 2010, 74 Yarii were reported stolen - a rate of 1.16 for every thousand.

http://www.aboutautomobile.com/Theft/2010

Not very high; and not worth the cost of a three-figure chipped-key replacement.

The rate is about average.
Looking at the subcompacts:

Honda Fit 0.2
Kia Rio 2.9
Huyndai Accent 2.5
Prius C 0.3
Mini Cooper 0.4
Scion xD 0.6
VW Beatle 1.1
Toyota Yaris 1.2
Nissan Versa 2.0

[IllusionX]

and we are quite far off topic with all this insurance talk...

[nookandcrannycar]

Originally Posted by IllusionX

and we are quite far off topic with all this insurance talk...

Touche .