Posted: Nov 5, 2012 8:55 PM by Trey Schmaltz
BATON ROUGE- Louisiana's a little bit safer for your automobile, according to the Commissioner of Insurance.
Jim Donelon reported Monday, vehicle thefts in Louisiana have declined nearly 42 percent over a five-year period from 2006 through 2011.
"We are pleased that we continue to see progress since, in addition to the trauma such instances inflict on vehicle owners, motor vehicle theft is one of several factors considered by insurance companies when setting our auto insurance premiums," said Commissioner Donelon.
The data is based on the FBI Uniform Crime Report.
Donelon said his office will continue to push for more measures to keep vehicles secure, and also increase the fight against insurance fraud.
According to the National Insurance Crime Bureau, more than 10 percent of the insurance claims submitted each year are fraudulent. Insurance fraud accounts for as much as 10 percent of insurance premiums and the average household spends $950 a year in additional premiums to cover the cost of insurance fraud in America.