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Our auto insurance (TD) has identified my car (Honda CR-V) as being high risk of theft. They're offering to fully reimburse the installation of anti-theft tracking sensors by a Canadian company called Tag Tracking along with first 5 years of monitoring fee ($399+tax value).
According to TD, the insurance rates are about to go up for high-theft-risk models, so there's something to lose by not taking this offer. On the other hand, they claim the sensors will only be tracked if I report the vehicle missing, so there will allegedly be no privacy violation. After 5 years, I can choose to continue or cancel for free.
On its surface, and assuming Tag Tracking won't engage in illegal tracking, this seems like a great deal. Is there a catch? Have others been offered similar deals? Did you take it?
What antitheft option you all went with to Dave your precious rav4
I am about to take delivery of a Hybrid LE after a 13 month wait (in Ontario, Canada). I am negotiating final cost, in particular the extended warranties and add-ons, and am finding that these are generally not worth it. However, one item I hadn't seen before is TAG tracker, an anti-theft/vehicle recovery measure. Apparently it is mandated to be installed on commonly-stolen vehicles in certain jurisdictions, and in these places it can enable an insurance discount. The dealer's starting point is for this item is $999.
Does anyone have experience with TAG trackers or similar products, and/or can advise on aftermarket installation costs in Ontario? I'd like to leverage that info to negotiate a lower cost, or just get it done after I pick up the car.
My wife and I are buying a new car here in Quebec and the dealership is offering us a tag that works as a tracking device for $399 one time fee, and something called replacement insurance for $24 monthly, and it will cover the car for 5 years. According to them, the replacement insurance will cover the full value of the car in case the car is declared total loss. What I understood was that my insurance company will devalue the original price of the car by the time of the accident so the replacement insurance will cover the rest and they will give me a brand new car.
Since this is the first time we buy a car in Quebec, I was wondering whether or not these upsales are worth it.
Thank you in advance.