Insurance firms: Finance Car Theft War by NIS 50-60 Compulsory Insurance Increment

Car thefts are down 65% since the present closure was imposed. Ben-Shaul: if the war against thefts gets results, we will reduce the premium.

A 65% decrease in car thefts has been recorded since the total closure of Judea, Samaria and the Gaza Strip was imposed. An internal police memo, reaching Globes, determines that during March 1 - 9, only 355 motor vehicles were stolen in the whole of Israel, the lowest number in years. This means an average of 40 vehicles daily, as compared with 110 vehicles in previous months.

It was moreover reported that the number of car thefts in February stood at 3,003, a 12% decrease compared with January. The whole decrease is ascribable to the second half of the month, in which 1,'9 vehicles were stolen, 27% less than in January. This was due to the total closure imposed on February 25, after the first terror attack in Jerusalem.

At the same time, the government decided yesterday (Sunday) to require insurance companies to allocate NIS 100 million for financing activity to combat motor vehicle thefts. The chairman of the Insurance Companies Association today rejected the government's demand. He stated that the companies would propose financing the budget by means of a levy of NIS 60 - 65 per annum, on every vehicle owner, as part of his obligatory insurance.

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