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In Europe, there is a very strong relationship between car theft and the cost of car insurance. SBD's latest report shows the results of its research into the Japanese car insurance market to determine if there is a similar relationship in Japan.
In this report, SBD scrutinises levels of vehicle crime in Japan and their impact on the domestic insurance industry. Using both historic and up-to-the-minute data and assessing the latest developments within the Japanese insurance industry, it demonstrates how the fitment of more sophisticated vehicle security systems is having an impact on car theft, but not on insurance costs..
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Table of Contents
Car theft and insurance in Japan
1. Executive summary ..4
1.1 Introduction .. 4
1.2 Key points . 4
1.3 Conclusion 5
2. Insurance requirements for security6
3. Japanese new car market..7
3.1 Overview.. 7
4. Car theft in Japan9
4.1 Theft situation by car types .. 9
4.2 Theft rates.. 10
4.3 Theft from vehicles. 11
5. Car insurance system in Japan12
5.1 Overview 12
5.2 Discount for car security . 13
5.3 Comparison of insurance cost . 14
List of tables
Table 1. Theft rate for models with theft of >1,000 units per year . 10
Table 2. Theft rate for models with theft < 1000 (but 1,000 or more in 2003).. 10
Table 3. Comparison of insurance costs of vehicles from the same brand .. 14
Table 4. Comparison of relative insurance cost of Toyota and Nissan vehicles. 14
List of figures
Figure 1. New car sales volume from 2000 to 2006 7
Figure 2. Car share in Japan in 2006 .8
Figure 3. Theft situation by vehicle type 2003 to 2006 ..9
Figure 4. Breakdown of stolen items by year11
Figure 5. Japanese system of car insurance 13
For full details, please email keithw@cmsinfo.com
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