The reality is it's very clear that to the degree that loss costs go down, insurance premiums go down. The way most private insurance companies rate auto insurance in this country is by taking into account the cost related to the loss of a particular vehicle model.
A lot of car manufacturers stepped up to the plate and began installing these immobilizers before they became mandatory, at the urging of the Insurance Bureau of Canada, among others. So people who are owners of those vehicles have already been benefiting from the fact that these vehicles are stolen less often and therefore the insurance premiums associated with them are lower as well.
The other thing you have to remember is if you look at the portrait of auto theft in Canada, unfortunately it's not an equal opportunity crime. Some of the poorest areas of Canada also have the highest auto theft records. Certain cities have a much higher auto theft record than others, so there's no doubt that there are social and economic implications beyond only the cost of insurance. But I want to assure you that to the degree that these bring down the cost of insurance for people, those savings are going to be passed on to drivers.
