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The likelihood of your car being stolen is far greater if you’re under the age of 25, according to AMI Insurance.
According to AMI’s claims data, young drivers have their cars stolen at a rate about three times higher than the general population.*
Over the past three years, 26% of AMI’s theft claims were for cars owned by drivers under 25 years, even though they make up less than 10% of AMI’s customers.
Executive general manager claims Wayne Tippey says that young drivers tend to drive cars that are smaller and older, making them a target for opportunistic thieves.
“Compared to the rest of the population, younger drivers are more likely to drive an older, second-hand car that won’t break the budget – an older Mazda Demio or Suzuki Swift are both good examples.
Unfortunately, that also makes young drivers more susceptible to theft. Many older, imported vehicles lack security features such as car alarms and immobilisers which deter thieves from attempting to steal a car in the first place.”
*The one-year average theft rate for under 25-year-olds is 2.9% v 1.0% for those aged 25 and over.
