Michael B. Sauter 24/7 Wall Street Published 6:00 AM EST Nov 6, 2018 Motor vehicle theft in the United States in 2017 remained effectively unchanged from 2016, when the rate increased by nearly 7 percent. Last year, there were 773,139 motor vehicle thefts across the country, a rate of 237.4 per 100,000 residents. Of course, where you live can greatly increase or decrease the chances of your car getting stolen. 24/7 Wall Street determined the city in every state where your car is most likely to be stolen based on data from the National Insurance Crime Bureau. The city with the highest rate of car thefts in a state is not necessarily the city with the poorest community or with the biggest crime problems. The majority of these 50 cities have lower poverty rates, higher education levels, and higher household incomes than their respective statewide figures. Auto thefts in the United States are often carefully planned, highly lucrative schemes for those who are able to evade capture. … [Read more...] about The most stolen car in every state: Cities where thefts are high
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Ilford is one of UK’s car theft hotspots
Poll PUBLISHED: 07:00 10 August 2018 April Roach Romford and Ilford have been revealed as the areas where drivers face the highest risk of car theft in the UK according to a new survey by MoneySuperMarket. Photo: PA/Joe Giddens PA/Press Association Images Drivers in Ilford face a high risk of car theft in the UK according to a survey which analysed recent car insurance inquiries. Data from more than five million MoneySuperMarket car insurance inquiries between July 2017 and June 2018 was analysed to identify areas with the highest rate of reported car theft claims within a five year period.Romford topped the list with a reported rate of 13.5 per 1,000 incidents, and Ilford came in a close second with a rate of 13 per 1,000 incidents.London Assembly member for Havering and Redbridge, Keith Prince used to work as the deputy mayor’s adviser for police and crime prevention and has previously had his car and motorbike stolen in the borough.He told … [Read more...] about Ilford is one of UK’s car theft hotspots
Car assistance systems only boost safety if drivers pay attention, tests find
Tesla CEO Elon Musk shook up the stock market Tuesday afternoon when he tweeted he's "considering" taking his company private. The stock immediately shot up, closing up nearly 11 percent at just under $380 per share. All that came on the same day the Insurance Institute for Highway Safety (IIHS) put out a series of reports on driver assistance systems — including Tesla's Autopilot — that found they do increase safety, but only if drivers pay close attention to the road. IIHS found varying levels of performance writing none of the vehicles tested "are capable of driving safely on their own." Tesla's driver assistance system has suffered a series of high-profile accidents including a fatal crash outside San Francisco in March. We took Tesla's Autopilot for a test drive along with Tim Stevens, editor of CNET's Roadshow. "Autopilot is basically a suite of driver assistance systems, all based on camera and radar sensors built into the car. Particularly on the highway … [Read more...] about Car assistance systems only boost safety if drivers pay attention, tests find
One regulator’s push to rein in title insurance costs
If you're among the country's more than 5 million homebuyers this year, you'll write some big checks when you close on your home. One of them -- for "title insurance" -- is way too big, especially if you live in New York state, according to Maria Vullo, the state's Financial Services superintendent. Vullo is trying to crack down on what she calls "unscrupulous practices" in the highly concentrated title insurance industry. Vullo said four companies -- soon to be three -- own 90 percent of the national market and set prices in concert with each other. She said they also spend millions on inducements like strip clubs, sports tickets and lavish entertainment for the real estate lawyers, agents and loan officers who direct the homebuyer to their preferred title insurer. "The industry has charged [these expenses] back to consumers as 'marketing costs,'" said Vullo. Vullo's attempt to curb title insurers has important implications for homebuyers throughout the country. "This is not just a … [Read more...] about One regulator’s push to rein in title insurance costs
A falling number of accidents has fuelled a drop in car insurance across the UK
The cost of car insurance has plummeted by 12 per cent in the last year, according to new figures out today. Average premiums have fallen from £562.07 to £496.80 in the past 12 months, with Jersey seeing the biggest drop out of any region, falling 22.5 per cent. However, despite the general fall for consumers across the country, east London remains the most expensive postcode in the country to insure a car, at just over £1,000. North London saw one of the largest declines in car insurance prices across the country with a 15.3 per cent fall. Read more: People in these jobs pay the highest (and lowest) car insurance The study, carried out by price comparison website Money Super Market, also showed that young people enjoyed the largest fall in prices, with those aged between 17 and 19 seeing their premiums drop by over 17 per cent in the last twelve months, from £1321.53 to £1094.99. Women also felt a particularly substantial drop in the cost of insurance over the … [Read more...] about A falling number of accidents has fuelled a drop in car insurance across the UK