LoJack Teams with Insurers

LoJack Corporation, a global provider of recovery systems for motorcycles, cars, trucks and construction equipment, has established relationships with multiple insurance companies in the U.S. to offer policy discounts and/or waivers of deductibles for motorcycle owners who purchase LoJack For Motorcycles. Specifically, LoJack has secured new relationships with GEICO and Progressive, and has expanded its agreements with Foremost Insurance Group and Rider Insurance. GEICO will offer policyholders in New Jersey and Rhode Island 20 percent off of their comprehensive coverage immediately, and plans to offer this discount to policyholders in other states in the near future. Progressive will offer policyholders with LoJack For Motorcycles 20 percent off of their comprehensive coverage. The discount, now available in Michigan, Ohio and Virginia, is expected to be offered in most states where LoJack For Motorcycles is available by the end of the year. Under LoJack's expanded agreements, Rider will now offer policyholders a 50 percent reduction on their comprehensive deductible if they have LoJack For Motorcycles, a theft occurs and the bike is not recovered. LoJack has enhanced its program with Foremost, the specialty insurer of Farmers Insurance, which began in March 2007. Under the expanded offering, Foremost will provide policyholders a deductible waiver of up to $500 if they have LoJack For Motorcycles installed and a theft occurs.