LoJack Car Insurance Discounts [2024]
Many national insurance companies offer a discount of 5% to 25% on your car insurance rates for having a LoJack installed on your vehicle. This is one of many discounts you might be entitled to.
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Brandon Frady
Licensed Insurance Agent
Brandon Frady has been a licensed insurance agent and insurance office manager since 2018. He has experience in ventures from retail to finance, working positions from cashier to management, but it wasn’t until Brandon started working in the insurance industry that he truly felt at home in his career. In his day-to-day interactions, he aims to live out his business philosophy in how he treats hi...
Licensed Insurance Agent
UPDATED: Oct 22, 2024
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Advertiser Disclosure: We strive to help you make confident car insurance decisions. Comparison shopping should be easy. We are not affiliated with any one car insurance company and cannot guarantee quotes from any single company.
Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from top car companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
UPDATED: Oct 22, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident car insurance decisions. Comparison shopping should be easy. We are not affiliated with any one car insurance company and cannot guarantee quotes from any single company.
Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from top car companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
- Having a LoJack in your car can reduce your comprehensive insurance rates by 5% to 25%
- The LoJack is a stolen vehicle recovery system that works 24/7 to help track your car
- In addition to having an anti-theft device in your car, there are other ways to save money on your car insurance rates
You spent a lot of your hard-earned money on your car, so it goes without saying that you don’t want it to get stolen. Recently, you invested in a LoJack system for your vehicle, and you are now wondering if having this device will lower your car insurance rates. Keep reading to learn more about this innovative device and if it will have a positive impact on how much you pay for car insurance.
Installing LoJack Lowers Car Insurance Rates
Here is some great news — having a LoJack on your car should reduce your comprehensive car insurance rates by 5% to 25%. The amount you will save is dependent upon where you live, and also which company you are insured with. Granted, a 5% savings may not be as large as you were hoping for on your car insurance, but if you are getting the unit anyway and can afford the LoJack cost, it is definitely worth asking whether your insurance company offers a LoJack discount.
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What is a LoJack?
The LoJack stolen vehicle recovery system is a battery-operated unit that is installed in your vehicle. It helps law enforcement to track, and hopefully recover, your car after it has been stolen. When you buy a LoJack for cars, a certified technician will hide it in your vehicle, and your vehicle will also be registered in the LoJack database. (For more information, read our “Vehicle Recovery Car Insurance Discounts“).
If you discover that your car has been stolen and you file a report with the police, the law enforcement computers will send a silent radio signal to your vehicle. As long as your car is in a LoJack coverage spot, the unit will be activated, which in turn will help the police to track your car, locate it, and return it to you.
Insurance Companies Offering Anti-Theft Discounts
A large number of car insurance companies offer an anti-theft discount. You will need to reach out to a company directly to see if it specifically offers a LoJack insurance discount. Those companies that do include:
- 21st Century
- AAA
- Allstate
- Amica
- Country Financial
- Esurance
- Farmers
- Geico
- Liberty Mutual
- Nationwide
- Progressive
- USAA
If you have insurance with a company that is not on this list, contact it to see if it offers the LoJack insurance discount.
How can I save money on car insurance rates?
If you find that your insurance company does not offer a discount for having a LoJack installed, or if it does but you were hoping for larger savings, take heed — there are many other ways that you can get auto insurance discounts.
For instance, if you have a car alarm or other type of security system in your vehicle, you may qualify for anti-theft insurance discounts. In addition, most auto insurance companies offer various discounts on vehicles for many drivers, including:
- Having more than one car on your policy
- Completing a defensive driving course
- Being accident- and violation-free for a long period of time
Another way that you can save on auto insurance is if you consider raising your deductible. For instance, if your deductible is currently $250 and you raise it to $500 or $1,000, you should see a fairly substantial reduction in your car insurance rates. While you will have to pay more out of pocket when you file a claim, the monthly savings on your premium can make this option a financially savvy choice.
Case Studies: Impact of LoJack on Car Insurance Rates
Case Study 1: Emily’s Savings
Emily, a resident of Cityville, had a comprehensive car insurance policy with Insurance Provider A. After installing a LoJack system, she contacted her insurance provider to inquire about potential discounts. Insurance Provider A offered her a 10% reduction in her car insurance rates, resulting in annual savings of $200.
Case Study 2: Mark’s Discount
Mark lived in Suburbia and insured his vehicle with Insurance Provider B. When he purchased a LoJack system, he contacted Insurance Provider B to explore any available discounts. Insurance Provider B provided him with a 15% discount on his comprehensive coverage, leading to yearly savings of $300.
Case Study 3: Sarah’s Consideration
Sarah, a resident of Ruralville, insured her car with Insurance Provider C. She decided to invest in a LoJack system for added security. While Insurance Provider C did not offer a specific LoJack discount, Sarah found that her comprehensive coverage premium still decreased by 5% due to the improved vehicle security.
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Final Thoughts: Does LoJack lower car insurance rates?
If you invest in a LoJack, we certainly hope you will never have to use it. Unfortunately, as the FBI notes regarding motor vehicle theft, over 721,000 people had their vehicles stolen in 2019, which is the most recent data they have available.
Even if your car is never stolen, installing LoJack in it may give you invaluable peace of mind. And knowing that the LoJack price will eventually be covered based on the savings on your car insurance makes buying one a sound decision.
Frequently Asked Questions
What is LoJack car insurance?
LoJack car insurance is a type of auto insurance policy that offers discounts to policyholders who have installed a LoJack stolen vehicle recovery system in their cars. The system helps in locating and recovering stolen vehicles.
How does LoJack car insurance work?
When you install a LoJack stolen vehicle recovery system in your car, it enables law enforcement agencies to track and locate your vehicle if it is stolen. By having this system installed, you may qualify for a discount on your auto insurance premium.
How much discount can I get with LoJack car insurance?
The amount of discount you can get with LoJack car insurance depends on the insurance provider and the specific policy. Typically, the discount ranges from 5% to 15% off your comprehensive coverage premium.
Do all insurance companies offer LoJack car insurance discounts?
No, not all insurance companies offer LoJack car insurance discounts. It is essential to check with your insurance provider or shop around to find out which insurers offer discounts for having a LoJack system installed.
Are there any eligibility requirements for LoJack car insurance discounts?
Yes, there are usually eligibility requirements to qualify for LoJack car insurance discounts. These requirements can vary among insurance companies, but typically you need to have a LoJack system installed and activated in your vehicle.
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Enter your ZIP code below to view companies that have cheap car insurance rates.
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Brandon Frady
Licensed Insurance Agent
Brandon Frady has been a licensed insurance agent and insurance office manager since 2018. He has experience in ventures from retail to finance, working positions from cashier to management, but it wasn’t until Brandon started working in the insurance industry that he truly felt at home in his career. In his day-to-day interactions, he aims to live out his business philosophy in how he treats hi...
Licensed Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.