Report Summary
Australia and New Zealand ranked 5th and 3rd highest vehicle theft risk countries out of 20 key global markets
Australia and New Zealand represent high theft risk markets. The insurance industries in these markets, however, have started taking steps to reduce vehicle theft through public awareness campaigns and discounts for higher security fitment. New Zealand is now starting to follow its Australian counterparts’ lead by considering mandatory immobiliser fitment.
With the onset of potential new legislation and as a part of SBD’s ongoing reporting on global vehicle theft, this new report explains the insurance criteria, describes future developments in legislation and provides a general overview of the situation related to vehicle theft in Australia and New Zealand.
This report will enable you to:
Australia and New Zealand ranked 5th and 3rd highest vehicle theft risk countries out of 20 key global markets
Australia and New Zealand represent high theft risk markets. The insurance industries in these markets, however, have started taking steps to reduce vehicle theft through public awareness campaigns and discounts for higher security fitment. New Zealand is now starting to follow its Australian counterparts’ lead by considering mandatory immobiliser fitment.
With the onset of potential new legislation and as a part of SBD’s ongoing reporting on global vehicle theft, this new report explains the insurance criteria, describes future developments in legislation and provides a general overview of the situation related to vehicle theft in Australia and New Zealand.
This report will enable you to:
- Learn what the Australian and New Zealand insurance industry’s response is to theft rates
- Plan vehicle security specifications for these markets
- Offer security systems which are compliant with latest legislation and insurance criteria
- Understand how current activities within government and insurance will have an impact on the future requirements for these markets
Australia and New Zealand – Car theft and insurance
Table of Contents1. Executive summary
1.1 Introduction
1.2 Conclusions
1.3 Overview
1.4 Current situation
1.5 Future changes
2. Australia – Market Overview
2.1 Market situation
2.2 Car theft data
2.3 Theft reduction strategies
3. Australia – Insurance System
3.1 Insurance Association
3.2 Types of insurance offered
3.3 Risk classification
3.4 Vehicle security assessment
4. New Zealand – Market Overview
4.1 Market situation
4.2 Car theft data
4.3 Theft reduction strategies
5. New Zealand – Insurance System
5.1 Insurance Association
5.2 Types of insurance offered
5.3 Risk classification
5.4 Vehicle security assessment
6. Joint Australia and New Zealand Standards Committee
6.1 AS/NZS 4601 – Standard for vehicle immobilisers
6.2 AS/NZS 3749 – Standard for vehicle intruder alarms
7. Future Developments
7.1 Australia
7.1.1 NMVTRC annual strategic plans
7.2 New Zealand
7.2.1 Mandatory immobilisers
7.2.2 Compulsory third party property insurance
LIST OF FIGURES
Fig. 1 A comparison of total vehicle theft and theft rates in Australia and New Zealand
Fig. 2 Types of insurance in Australia and New Zealand
Fig. 3 Map of Australia
Fig. 4 Australia new passenger car sales
Fig. 5 2009 Australia new passenger car sales (by manufacturer)
Fig. 6 Most popular models in Australia (by new car sales in 2009)
Fig. 7 Total motor vehicle theft in Australia
Fig. 8 Motor vehicle theft rates in Australia (by region)
Fig. 9 Rising vehicle theft in the Northern Territory and the ACT
Fig. 10 2008/09 Motor vehicle theft rates by year of registration
Fig. 11 Motor vehicle theft rate in Australia by immobiliser fitment
Fig. 12 “Most at Risk” vehicles in 2008/09
Fig. 13 Percentage of insurance claims by anti-theft device fitment
Fig. 14 Percentage change in the recovery rate of stolen vehicles, 2000-2009
Fig. 15 Top 10 profit-motivated theft targets, 2007 to 2009
Fig. 16 NMVTRC “Immobilise Now” posters
Fig. 17 RCAR New vehicle theft resistance assessment scoring
Fig. 18 Regions of New Zealand
Fig. 19 New passenger car sales in New Zealand
Fig. 20 New Zealand annual new vehicle sales versus used imports
Fig. 21 2009 New Zealand new passenger car sales (by manufacturer)
Fig. 22 Most popular models in New Zealand (by new vehicle sales in 2008)
Fig. 23 Total motor vehicle thefts in New Zealand (by year)
Fig. 24 New Zealand recovery rate of stolen vehicles
Fig. 25 2009 Motor vehicle insurance take-up rates in New Zealand
Fig. 26 NZSA star rating scheme requirements
Australia and New Zealand – Car Theft and Insurance
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