Auto thefts drop, pushing car insurance premiums lower
Car thefts across the U.S. are dropping fast. And not just by a little. Most (83%) of the country's 366 urban areas reported fewer thefts in 2009 than the year before, continuing a trend that began in 1991. By the FBI's preliminary estimate, auto theft reports were down by almost 20% last year from 2008.
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Source: Auto thefts drop, pushing car insurance premiums lower
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How dramatic is this trend? To get an idea, let's take a look at the metro areas on which the "Grand Theft Auto" franchise was modeled. In these places, car thievery was a growth enterprise not long ago. Now it's practically in a recession. Miami: Auto thefts plummeted from 582 per 100,000 people in 2007 to 396 per 100,000 last year, knocking the metro area down from 27th to 42nd place in the national rankings. New York: The theft rate for the Big Apple's metro area (including part of New Jersey) sank from 197 per 100,000 residents in 2007 to 156 per 100,000, ranking it 223rd in the nation. Los Angeles: Auto thefts fell from 582 to 443 per 100,000 residents, but because of nationwide reductions, L.A. fared somewhat worse in the rankings, moving from 28th place in 2007 to 23rd in 2009 San Francisco-Oakland: The Bay Area fell from 833 thefts per 100,000 residents to 611, putting it in seventh place, two notches down from 2007. Las Vegas: Sin City's rate per thousand was sliced nearly in half, from 1,035 per 100,000 residents in 2007 to 563. It now ranks ninth nationally after occupying second place in 2007. But somebody's got to be No. 1, right? That would be Laredo, Texas, where the auto theft rate was 742 per 100,000 residents last year, down from 829 in 2007. |
Source: Auto thefts drop, pushing car insurance premiums lower
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