As Motorcycle Thefts Skyrocket, Progressive and LoJack Make it More Affordable for Bikers to Protect Their Rides
Largest motorcycle insurer offers 20 percent coverage discount; plus, riders can get a $50 rebate on “LoJack for Motorcycles”.
MAYFIELD VILLAGE, Ohio. — It’s now even more affordable for motorcycle riders to protect their bikes. Now, all riders can get a $50 rebate from LoJack on the purchase of their LoJack for Motorcycles Stolen Vehicle Recovery System. Simply visit Progressive’s Web site — www.motorcycle.progressive.com — and download the online rebate form. And, Progressive customers who have LoJack installed on their bikes will also receive a 20 percent discount on their Comprehensive Coverage.
According to the National Insurance Crime Bureau, motorcycle thefts increased nearly 135 percent from 2001 to 2005. More than 70,000 bikes were stolen in 2005 alone — that’s one bike stolen every 7.5 minutes. The good news is there’s a system proven to help recover stolen bikes — LoJack. Thanks to a highly successful relationship with police, LoJack has helped to recover more than $8 million in motorcycle assets in the U.S. since early 2005.
Each LoJack system includes a small, silent radio transceiver that is hidden on the bike by a LoJack certified technician. Once a theft is reported to police, LoJack is automatically activated. The system sends out a signal that police vehicles, helicopters and fixed wing aircraft, equipped with Police Tracking Computers, can follow to recover the stolen bike.
“Bikers are passionate and spend a lot of time and money on their rides,” said Heather Day of Progressive. “We want to make it easier and more affordable for them to protect their prized possessions.”
The rebate is good in all 26 states and the District of Columbia where LoJack operates. Bike owners who redeem it will receive a $50 rebate on the LoJack for Motorcycles System. The 20 percent Comprehensive discount is now available to Progressive customers in eight of the 26 LoJack states. It is expected to become available in several more of these states by the end of the year.
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