Auto Theft Decreases, Car Owners Still Need Protection
Auto theft has been on the downturn for the past few years, but four vehicles are still stolen every two minutes, according to the Insurance Information Institute (III).
NEW YORK — Auto theft has been on the downturn for the past few years, but four vehicles are still stolen every two minutes, according to the Insurance Information Institute (III).
Fortunately, progress has been made by the insurance industry, law enforcement, auto manufacturers and others in efforts to thwart auto theft. Preliminary figures from the FBI Uniform Crime Report, note that motor vehicle theft has decreased for the fifth consecutive year in 2008 with a 13 percent drop over 2007. Final figures will be available later this year, but it looks like 2008 will post the greatest decline in decades.
“The downward trend in vehicle theft rates is encouraging and shows that motorists are protecting themselves by locking their cars and removing valuable items from view,” said Frank Scafidi, director of public affairs for the National Insurance Crime Bureau (NICB). “Technology also plays a big part. Manufacturers are building cars that are harder to steal. And bait cars, which lure thieves, are also having an effect,” he added. “Law enforcement can now apprehend and convict the most active auto thieves and put them away for a long time.”
Insurance premiums have reflected that drop. According to the National Association of Insurance Commissioners, the average comprehensive insurance premium in the U.S. fell 3.3 percent from $145.16 in 2005 to $140.38 in 2006 (the most recent data available).
California has the highest vehicle theft rate in the nation, the NICB states. In fact, six of the nation’s top 10 areas with the highest vehicle theft rates are in the state; Laredo, Texas, Yakima, Washington, Las Vegas, Nevada and Albuquerque, New Mexico round out the list.
NICB data also show that the 1995 Honda Civic continues to be the most stolen car on the road, followed by the 1991 Honda Accord and the 1989 Toyota Camry. Theft of these older model cars has been a constant for many years. Thieves continue to target these vehicles because they provide the best market for stolen vehicle parts. Luxury vehicles are also stolen and often shipped overseas in container ships for resale in markets abroad.
More F&I

Why Your F&I PVR Is Misleading You
Here’s a handy checklist of the numbers to track in 2026 instead.
Read More →
Auto Consumer Anxiety Presents Opportunity
A survey of U.S. drivers found the majority are concerned about finances and the economy, but those fears make many ready to buy vehicle-protection products.
Read More →
Humble and Hungry: 12 Rules for an F&I Life
Dustin Gingerich, with a decade in the F&I business under his belt, shares his thoughts on leadership, building trust with customers, and the importance of learning and innovation.
Read More →
Focus on the Opening
F&I managers must learn as much as possible about their customers, starting before they walk into their offices. The bulk of today’s consumers expect that, and good results will follow.
Read More →
F&I Reaches for the Sky
The increasingly important profit center continued making gains in the first quarter, according to StoneEagle data, ancillary products proving more popular as consumers hold onto their buys longer.
Read More →
Timing the Market Can Hurt Long-Term Program Performance
For dealer-owned reinsurance entities, avoiding volatility entirely can mean falling behind inflation and missing market rebounds that drive long term surplus growth. Missing just a handful of strong market days can materially impact cumulative returns—an important reminder for long horizon trust and investment strategies.
Read More →
The 90/10 Rule
In this video, Ryan Ruff explains the rule that elite sales professionals use to turn ordinary conversations into unforgettable customer experiences.
Read More →
Your Office Is Talking
What’s the atmosphere saying about you to your customers? You can make minor adjustments and additions that transform your space into one that creates trust with the people on the other side of the desk.
Read More →
F&I Training Fundamentals
How can auto dealerships help F&I managers fulfill their vital role in the most effective ways? Industry expert Rick McCormick shares his insights on the best ways to train these professionals and help them maintain good habits.
Read More →
Not Just Any Tire Will Do
More consumers and businesses are opting for all-season options for various reasons as safety, sustainability and convenience push practical change.
Read More →