Does LoJack affect auto insurance rates?

If you’re a car owner considering installing a LoJack vehicle recovery system in your vehicle, you probably have questions about whether it will lower your insurance rates. Although most auto insurers offer reduced rates for having a LoJack device, the difference is nominal and applies only to comprehensive coverage.

Although many auto insurance companies offer discounts for anti-theft features ranging from factory-installed car alarms to advanced anti-theft and recovery systems, other types of insurance discounts can provide drivers with better savings. Check the anti-theft auto insurance discount for more information.

In this article, we’ll examine how the USAA LoJack discount can affect your insurance rates, delve into the benefits of a LoJack tracker and LoJack Classic, and discuss other ways to lower your car insurance rates with the help of LoJack Company.

What is LoJack?

LoJack is a battery-operated vehicle recovery system that can be installed on any vehicle. For example, if a car is stolen, LoJack uses a hidden radio transceiver to help police identify the vehicle’s location quickly – sometimes in as little as a day.

Although LoJack is primarily used by auto dealers and installed on fleets of commercial vehicles, it is available to all vehicle owners. When purchasing a LoJack vehicle recovery system, car owners can pick from varying levels of protection for their vehicle, ranging from essential coverage to more comprehensive protection.

How does LoJack work?

After buying a LoJack car tracking system, a technician will install a small, concealed radio transceiver in your vehicle. While the exact location of the transceiver varies based on the make, model, and type of car, it is always discreetly placed to prevent thieves from easily removing it during a theft. If you have concerns or experience any issues, you can search for a LoJack dealer near me for assistance. Additionally, for more integrated vehicle protection features, consider exploring LoJack Connect. If you encounter any problems, you can look up LoJack complaints for more information.

The process for recovering a stolen vehicle using LoJack is as follows:

• If your vehicle is stolen, report the theft to law enforcement in the location where it was taken immediately.
• After filing a stolen vehicle report, call a LoJack customer service representative to notify the company of the theft.
• After filing a vehicle theft report, the theft will be recorded in a national database of stolen vehicles. Law enforcement will use computers to send a radio signal to the stolen vehicle. 
• If the vehicle is within the LoJack coverage area, the transceiver hidden in your car will be activated and alert law enforcement to its location for recovery.

According to the LoJack website, 90% of stolen cars, trucks, and SUVs equipped with LoJack are recovered – some within only a few hours of being reported stolen.

How much does LoJack installation cost?

Installing LoJack on your vehicle requires a one-time fee with no recurring monthly fees. Depending on the vehicle and coverage purchased, the cost of a LoJack system ranges from $700 to $1,200.

For basic protection on a newer vehicle, drivers can expect to pay around $720. You can expect to pay around $1,200 for complete protection, which includes an extended warranty and the ability to set up crash reports and boundaries using the SureDriver app.

How much can drivers save by installing LoJack?

Factors that can affect car insurance rates include a driver’s location, age, gender, and driving history. While annual LoJack car insurance discounts vary by insurance provider, the average annual comprehensive auto insurance coverage cost was $160 per year. 

Based on that number, the average annual savings for LoJack is about $16 annually (roughly $1.33 per month).

Typically, insurance rate reductions associated with LoJack will apply only to your comprehensive coverage. Because of that, drivers will continue to pay the same amount for liability, collision, and other types of coverage.

Can installing LoJack lower my insurance rates?

Although most auto insurers offer reduced rates for anti-theft features or devices, including LoJack, discounts vary based on the insurance company and the driver insured. 

Vehicle owners with LoJack typically pay 5% to 10% less for insurance than those without it. Some companies offer specific LoJack insurance discounts, which could lead to more savings.

Progressive LoJack Discounts

As a major car insurance company, Progressive does not list discounts for LoJack or other anti-theft or vehicle recovery systems on its website.

State Farm LoJack Discounts

Another popular insurer, State Farm, lists a discount on its website for alarms and various approved anti-theft devices, such as LoJack. For more details about the LoJack insurance discount from State Farm, you can visit buylojack.com or contact LoJack customer service at their provided number. The LoJack system involves a one-time fee, eliminating any recurring cost per year.

Why doesn’t LoJack impact the rates of other types of coverage?

Since LoJack can shorten the recovery time after a vehicle theft, the discounts linked to the system mainly impact comprehensive coverage, which factors in the LoJack cost to install, LoJack dealer services, and the LoJack device cost.

Other types of coverage, like collision, aren’t affected by LoJack because the recovery system doesn’t impact driving safety – an important factor in determining rates for other types of insurance coverage.

What are the benefits and disadvantages of LoJack?

LoJack’s primary advantage is its significantly improved chance of recovering a stolen vehicle, which can help you avoid filing a loss claim with your insurance company and potentially affecting your rates. For details on the LoJack app cost, the LoJack app for Android, and information on the LoJack cancellation policy or getting a LoJack cancellation refund, check their official resources.

In addition, because LoJack has a significant impact on the recovery of stolen vehicles, it can be a great asset for drivers living or working in high-theft areas looking for a way to protect their vehicles and avoid insurance claims.

The disadvantages of LoJack are its cost and the fact that it is not available in every state. Because of that, drivers need to assess the system’s advantages and disadvantages before installing LoJack on their vehicles.

Is LoJack worth the cost? 

Since the value of LoJack for cars depends on your needs as a vehicle owner, weighing the benefits and disadvantages of the vehicle recovery system can help determine whether the cost makes sense. However, if that’s your goal, there are other ways to save money on car insurance.

How much does LoJack cost?

When it comes to enhancing your vehicle’s security, LoJack is a name that frequently comes up. Prospective users often ask, “How much does LoJack cost?” “Does LoJack have a monthly fee?” Is LoJack worth it?” The initial LoJack cost is an investment in safeguarding your vehicle, with the price range typically falling between $700 to $1,200. This one-time LoJack price includes installation but varies depending on the level of protection chosen. There’s no LoJack cost per month since it’s a single purchase, making it an attractive option for those wary of ongoing fees.

Evaluating LoJack’s Worth and Subscription Details

“Does LoJack require a subscription?” is a common question among vehicle owners considering this anti-theft system. Unlike some vehicle protection services that entail recurring fees, LoJack offers its services without a monthly subscription, eliminating the worry about ongoing costs. This setup clarifies the LoJack annual cost and LoJack subscription cost, as there are none beyond the initial purchase and installation fee. Given this, determining whether LoJack is worth it comes down to assessing the value of the security and potential insurance savings it provides.

LoJack’s Influence on Insurance Premiums

Vehicle owners are rightfully curious about whether installing LoJack translates to significant savings on their insurance premiums. Questions like “Does LoJack reduce insurance?” and “How much does LoJack save on insurance?” are pivotal for those looking to justify the system’s cost. While LoJack can lead to reduced premiums, primarily affecting comprehensive coverage, the extent of the savings, such as “how much does LoJack lower car insurance,” varies. Typically, insurers may offer a discount recognizing LoJack’s ability to increase the likelihood of recovering a stolen vehicle, which could indirectly save money on insurance over time.

LoJack Reviews and Consumer Insights

Before making an investment in LoJack, potential users often seek out LoJack reviews to gauge the system’s effectiveness and satisfaction among current users. LoJack review insights can provide valuable perspectives on the system’s performance, user experience, and real-world benefits, including its impact on insurance rates and vehicle recovery success rates. These reviews can be instrumental in deciding whether the LoJack price is justified and if it aligns with the user’s specific needs and expectations.

Other Ways Drivers Can Save on Car Insurance

Many options are available to drivers looking to lower their insurance rates. The first step you can take is to do research online to find cheap auto insurance coverage.

Other ways to save money on car insurance include:

• Comparing auto insurance policies and shopping for the best rates.
• Maintaining a clean driving record.
• Asking auto insurers about the discounts available to policyholders.

A range of auto insurance discounts is available to drivers through most insurance companies. While you can usually stack discounts, drivers should remember that having multiple anti-theft features installed on your vehicle will generally only qualify for one discount.

LoJack and Car Insurance Rates: The Bottom Line

Understanding the full scope of “How much is LoJack?” and “Does having LoJack lower insurance?” requires a comprehensive look at both the direct and indirect benefits of the system. While LoJack’s upfront cost might seem steep to some, the potential for reduced insurance premiums and the peace of mind offered by enhanced vehicle security are compelling reasons for consideration. Ultimately, the decision to invest in LoJack should be informed by individual circumstances, including vehicle value, geographic location, and personal security preferences.

If you’re a vehicle owner looking to reduce your monthly auto insurance payments, it can be a good idea to shop around and explore cheaper policies and other discounts with lower investment costs and more savings.