I don't buy theft insurance. In my country, the yearly premium is 1-2% of the value of the car, while the rate of theft is much below 1%. Seems like a terrible

I don't buy theft insurance. In my country, the yearly premium is 1-2% of the value of the car, while the rate of theft is much below 1%. Seems like a terrible deal, unless you don't have the cash on hand to buy the replacement car.