LoJack instead of theft Insurance ?

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Old 17 Mar 2014, 04:04 pm   #1 (permalink)
marc
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Default LoJack instead of theft Insurance ?

Lojack - anyone tried this?

it's pricey, around $700 [one time fee only],
but if you keep your cars 10+ years, like me,
it may have some value.
They claim a 90% recovery rate.

I'm considering a 2014 Avalon,
after the 2015's come out [for a discount].
I believe they have a built in alarm system.
Coupled with a Lojack system,
I should be reasonably protected, right?
I could forego the theft insurance.

The Avalon doesn't appear to be a high theft auto,
like the Camry, etc

marc
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Old 18 Mar 2014, 12:39 am   #2 (permalink)
Sharxster
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Default Re: LoJack instead of theft Insurance ?



"marc" <markphd21@gmail.com> wrote in message
news:4deb0175-5ecd-4723-9f3c-3f0c509d00b2@googlegroups.com...
> Lojack - anyone tried this?
>
> it's pricey, around $700 [one time fee only],
> but if you keep your cars 10+ years, like me,
> it may have some value.
> They claim a 90% recovery rate.
>
> I'm considering a 2014 Avalon,
> after the 2015's come out [for a discount].
> I believe they have a built in alarm system.
> Coupled with a Lojack system,
> I should be reasonably protected, right?
> I could forego the theft insurance.
>
> The Avalon doesn't appear to be a high theft auto,
> like the Camry, etc
>
> marc


Theft insurance is a small fraction of your insurance premium.
Don't be so cheap!




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Old 18 Mar 2014, 07:55 am   #3 (permalink)
Thee Chicago Wolf (MVP)
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Default Re: LoJack instead of theft Insurance ?

>Lojack - anyone tried this?
>
>it's pricey, around $700 [one time fee only],
>but if you keep your cars 10+ years, like me,
>it may have some value.
>They claim a 90% recovery rate.
>
>I'm considering a 2014 Avalon,
>after the 2015's come out [for a discount].
>I believe they have a built in alarm system.
>Coupled with a Lojack system,
>I should be reasonably protected, right?
>I could forego the theft insurance.
>
>The Avalon doesn't appear to be a high theft auto,
>like the Camry, etc
>
>marc


If you owned a Porsche or Ferrari, sure. Otherwise, pointless to get
Lojack.
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Old 19 Mar 2014, 10:50 am   #4 (permalink)
SMS
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Default Re: LoJack instead of theft Insurance ?

On 3/17/2014 1:04 PM, marc wrote:
> Lojack - anyone tried this?
>
> it's pricey, around $700 [one time fee only],
> but if you keep your cars 10+ years, like me,
> it may have some value.
> They claim a 90% recovery rate.


That's true. And the recovery rate for stolen vehicles without Lojack is
also pretty high, up to 71%. But the Lojack buyer is also likely to
live, work, and go to places where the rate is 90% or more with or
without Lojack.

> I could forego the theft insurance.


Unlikely that they'd sell you such a policy.

As an alternative to a costly Lojack you can roll your own pretty
easily. You hide a cheap Android phone in the vehicle, in a place with
power and you install "Where's My Droid"
<https://play.google.com/store/apps/details?id=com.alienmanfc6.wheresmyandroid>.

You'd get some old Verizon 3G Droid (no LTE) and activate it on
PagePlus, a Verizon MVNO. You can keep the phone active for $2.50 per
month (a little less if you're clever).


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