Bike
How Bike Trackers Have Reduced Theft Claims in Cities
According to a 2024 report, there has been a two-time spike in vehicle thefts in India. The report also suggested that, on average, one vehicle is stolen in the national capital alone every 14 minutes.1 Under such alarming theft rates, one is compelled to wonder how insurance companies handle such a large number of theft claims. The risk of bike theft in India is high, especially in densely populated cities. In recent years, the role of bike trackers and anti-theft devices has had a positive impact on reducing theft cases and insurance claims.
Let’s take the example of Shantanu Pandey, a 32-year-old data analyst from Bangalore who parked his motorcycle outside his friend’s apartment. After a few hours, when he came down, he was heartbroken to find that his bike was gone. Thankfully, Shantanu had installed a GPS tracker, and he could track the live location of his bike within a few minutes. He promptly informed the police, and his vehicle was successfully recovered.
By taking a small yet smart step of installing a GPS tracker, Shantanu could not only recover his vehicle but also protect his mental and financial well-being. As a vehicle owner, you need to understand the role of such devices in reducing claims under bike insurance.
