Although I agree that insurance companies primary objective is to make money, and to make money is to minimize payouts, I just don't see these thefts will drastically increase everyone's premium like some claim it to be like it's the end of the world. To the victims, maybe. And they may drop them if their bikes keep on getting stolen without any enhance due diligence to try to protect the bike. Theft coverage is still in the dollars per month, as suppose to accident/liability coverage. You want to complain about high premiums, tackle the way how some ride their bikes.
How many bikes had been stolen so far this season? and what's the trending figure for the last 5-10 years? how many were condo related? kinda want to see some stats before drawing conclusion to a real correlation between theft and premium increases for the mass. Perhaps some of our insurance experts can chime in and set the record straight.