Insurers are urging customers to install trackers—sometimes even two—to lessen the impact on premiums as high-end vehicle theft increases.
Car hijackings have been on the rise since 2020. According to the latest SAPS crime statistics, there were 5,973 carjackings in the fourth quarter of 2023. “The hi-tech features on newer, higher-end cars often aren’t the deterrent one would think. For example, cars with keyless entry have become specific targets for criminals, who are able to intercept the signal coming from the driver’s remote,” Kemp says.
In some instances, Santam insists that clients install two tracking devices in their cars, depending on the make and model of the vehicle, to mitigate the increase in the cost of claims. This mandatory countermeasure may also extend to businesses, as hijackers are increasingly targeting business-owned vehicles as well, especially delivery vehicles, due to the boom in online shopping.Tracker explained that these hijackings cause not only immediate financial losses due to the loss of valuable cargo, but also far-reaching consequences.
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