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NMVTRC data to help car insurers

Motor insurers can check the ages of passenger and light commercial vehicles stolen in each police jurisdiction over the past five years thanks to a new interactive tool developed by the National Motor Vehicle Theft Reduction Council (NMVTRC).

Executive Director Ray Carroll told insuranceNEWS.com.au the online tool provides a useful insight, given only about 55% of vehicle thefts result in a claim.

“It will give insurers the ability to look at the overall theft profile versus their claims profile,” he said. “This will help them determine how well they are performing.”

The tool can also give police a better understanding of vehicle theft dynamics in their jurisdictions. Find it here.