Motorcycle Theft On A Downward Roll, NICB Says

NU Online News Service, April 13, 3:06 p.m. EST

Motorcycle thefts, continuing a downward trend, fell by 13 percent last year and the bikes most targeted were made by Honda, the National Insurance Crime Bureau reported

A total of 56,093 motorcycles were reported stolen to law enforcement in 2009, down from 64,492 reported in 2008.

NICB said that after Honda motorcycles, which were the target of 13,688 reported thefts, the other top five makes stolen were: Yamaha, 11,148; Suzuki, 9,154; Kawasaki, 5,911 and Harley-Davidson, 3,529. Combined they accounted for 43,430 thefts, or 77.4 percent of the total.
The top five states with the most motorcycle theft activity were: California, 6,273; Texas, 5,526; Florida, 5,009; North Carolina, 3,045; and Georgia, 2,067. These five states accounted for 21,920 thefts, or 39 percent of the total, NICB said.

According to the Bureau, thefts of passenger vehicles and light trucks are down as well. NICB said one possible factor contributing to the decline is that there are fewer targets to steal in the first place.

NICB cited a statistic from the Motorcycle Industry Council, that motorcycle sales between 2008 and 2009 were down 40.8 percent. Likewise, the Japanese Automobile Manufacturers Association reported a 47.4 percent decrease in motorcycle production in 2009 from 2008 figures.
The months seeing the most thefts were: of July (6,319); August (6,079); and June (5,672) while the fewest thefts were recorded during December (2,927); February (3,100); and January (3,570).

NICB said consumers can visit www.nicb.org/theft_and_fraud_awareness/brochures to review its library of theft and fraud awareness information.

The complete motorcycle theft report is also available at www.nicb.org.
Comments

Resource Center

View All »

Contractors General Liability Coverage 102

What is a prior work exclusion? Which option is right for my client? Why do...

Sign up today to get a 50% matching credit -...

Insurance marketing sometimes seems like it's a game of swings and misses, but we're here...

Guide: 5 Steps to Selling Cyber

Cyber risk and data security is on the agenda of every business owner and executive....

Citation Correlation

Do rigger and signalperson qualifications correlate with the cause of crane and rigging accidents? ...

Complete Guide to Electronic Signatures in Property & Casualty Insurance...

In property and casualty insurance, closing new business quickly is key. Learn how to leverage...

INSTANT ACCESS: Complimentary Sales Closer Questionnaires

Help property owners or managers compare your commercial residential property insurance coverage vs. the competition....

Determining Vacant Property Perils and Valuations

Are your clients fully covered for Vacant Properties? In this economic climate, your insureds may...

Risk Management for Law Firms

This package of 3 concise risk management articles offers straightforward content and practical suggestions law...

Guide: Top 15 E&O Risks-And How To Avoid Them

Accidents happen. But when it's an errors and omissions oversight, that accident can open your...

We'll Show You How to Reach Your Sales Goals

Whether you work alone or have a team of agents working for you, we can...

Personal Lines Pro eNewsletter

Critical insights into the personal auto, homeowners, and other consumer insurance markets to help P&C professionals stay informed – FREE! Sign Up Now!

Advertisement. Closing in 15 seconds.