That's very true. However, some insurance companies do not shell out the cash for things that were added to the car. As we all know, 'book value' does not take into consideration aftermarket items. Plus, your rates could go thru the roof on a huge pay out. I was paying $59 a month on a 93 Honda Si. The car was stolen and recovered, and the insurance company paid me to get the car back to the way it was before. Rims, stereo, seats, etc... My rate went up to $175 per month after that. They said I was a bad risk, even though I did nothing to get my car stolen. Plus the hassle over the whole thing sucked! (This was not my only claim with them over the years I might add)
I've a had a few cars stolen in my time. Some were recovered while others were never found. I can tell you this from experience (with State Farm at least), if your car is taken and never recovered, the insurance company will depreciate each and every thing you added to the car. This happened to me and I lost out big time! So those of you that have big time mods, think about that before deciding on whether or not an alarm is wortha few hundred bucks.
I realize that having an alarm will not stop everyone, but it sure makes me feel better. To each is own.
[This message has been edited by James Cruz (edited 24 January 2001).]