Vehicle theft is rampant in South Africa, and it’s starting to have a material impact on car insurance premiums.
The surge in the theft of these types of vehicles has had a material impact on Outsurance’s premiums, with the insurer noting that gross written premiums grew by 8.7%.
“Measures are being looked at, things like tracking devices and even disabling the keyless entry for those vehicles equipped with such a feature that you can disable it,” Visser said.
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