Does LoJack affect auto insurance rates?
LoJack can lower your car insurance rates, but only if you carry comprehensive insurance. The system itself involves a one-time installation fee ranging from $700 to $1,200, without a recurring monthly cost.
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Laura D. Adams
Insurance & Finance Analyst
Laura Adams is one of the nation’s leading finance, insurance, and small business authorities. As an award-winning author, spokesperson, and host of the top-rated Money Girl podcast since 2008, millions of readers and listeners benefit from her practical advice. Her mission is to empower consumers to live healthy and rich lives by planning for the future and making smart money decisions. She rec...
Insurance & Finance Analyst
UPDATED: Apr 5, 2024
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Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
UPDATED: Apr 5, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
- LoJack is a vehicle recovery system that uses a hidden radio transceiver to help police locate stolen vehicles quickly
- Most auto insurance providers offer discounted comprehensive coverage for vehicles with LoJack installed
- Drivers can also receive insurance discounts by installing other anti-theft systems on their vehicles
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 LoJack, 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 explore how LoJack can impact your insurance rates and discuss other options for lowering your car insurance rates.
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 purchasing a LoJack recovery system, a technician will install a small, hidden radio transceiver in your vehicle. Although the exact position of the transceiver varies depending on the make, model, and type of car it’s being installed on, its position will always be discreet to prevent thieves from removing it from the vehicle while stealing it.
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.
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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’s website lists a discount for alarms and some other approved anti-theft devices.
Why doesn’t LoJack impact the rates of other types of coverage?
Because LoJack can reduce recovery time after a vehicle is stolen, discounts associated with the system primarily affect comprehensive coverage.
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 offering a significantly better chance of recovering your vehicle if it is stolen – something that can help you avoid having to file a loss claim with your insurance company, which can affect your rates.
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 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.
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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 inquire, “How much does LoJack cost?” and “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 “LoJack 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.
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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.
These additional sections aim to address the common inquiries and considerations related to LoJack’s costs, value, and its effect on insurance premiums, providing readers with a well-rounded understanding of what to expect when considering LoJack for their vehicle.
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.
Frequently Asked Questions
Do anti-theft systems reduce insurance premiums?
Because stolen vehicles cost auto insurers a lot of money in payouts, anti-theft devices can slightly reduce your insurance rates. However, the discount is typically minimal and applies only to comprehensive coverage.
On average, you can save around $1.33 per month on car insurance with LoJack.
What is the monthly cost of LoJack?
LoJack does not incur a lojack monthly cost for its basic vehicle recovery service. The system is purchased with a one-time fee that covers the cost of the device and its installation, typically ranging between $700 to $1,200. This means users do not have to worry about a recurring lojack monthly cost, making it a cost-effective solution for those looking to enhance their vehicle’s security without ongoing expenses.
Can installing LoJack reduce my car insurance rates?
If your goal is saving money on car insurance, the minimal discounts associated with LoJack are likely not worth the installation cost. While having a vehicle recovery system can be a great way to protect your vehicle if you live or work in a location prone to vehicle theft, there are better ways to save on car insurance.
The best ways to lower your insurance rates are to maintain a clean driving record, take advantage of any discounts your insurance provider offers, and shop around for the most affordable insurance quotes from local companies in your area.
Why doesn’t LoJack impact the rates of other types of coverage?
LoJack primarily affects comprehensive coverage rates because it helps in the recovery of stolen vehicles, but it does not directly impact driving safety, which is a factor considered for other types of coverage.
What are the benefits and disadvantages of LoJack?
The primary benefit of LoJack is its ability to significantly improve the chances of recovering a stolen vehicle. This can help avoid filing a loss claim with your insurance company, which could impact your rates. The disadvantages include the cost of installation and the fact that it may not be available in every state.
Are there other ways to save on car insurance?
Yes, there are other ways to save on car insurance, such as comparing policies, maintaining a clean driving record, and exploring discounts offered by insurance companies. It’s recommended to research and shop around for the best rates and discounts available.
Is LoJack a passive disabling device
No, LoJack is not considered a passive disabling device. LoJack is a vehicle recovery system that helps in tracking and recovering stolen vehicles. It does not automatically disable the vehicle in the event of theft; rather, it allows law enforcement agencies to locate and recover the vehicle using a hidden transceiver installed in the vehicle. Passive disabling devices, on the other hand, automatically prevent a vehicle’s engine from starting or disable fuel systems to prevent theft, which is different from LoJack’s tracking and recovery functionality.
How much is a LoJack system?
A LoJack system involves a one-time installation fee that typically ranges between $700 to $1,200, depending on the level of protection you choose for your vehicle. There are no recurring monthly costs associated with the basic vehicle recovery service.
Where is LoJack located on a car?
The location of a LoJack unit on a car is deliberately kept discreet and varies depending on the make and model of the vehicle to ensure it remains hidden from thieves. It can be installed in various concealed areas within a vehicle, such as under the dash, in the trunk, or within the engine compartment, among other places. The specific location is not disclosed to the vehicle owner to maintain the system’s effectiveness in vehicle recovery situations.
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Enter your ZIP code below to view companies that have cheap auto insurance rates.
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Laura D. Adams
Insurance & Finance Analyst
Laura Adams is one of the nation’s leading finance, insurance, and small business authorities. As an award-winning author, spokesperson, and host of the top-rated Money Girl podcast since 2008, millions of readers and listeners benefit from her practical advice. Her mission is to empower consumers to live healthy and rich lives by planning for the future and making smart money decisions. She rec...
Insurance & Finance Analyst
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.