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When I was looking at prices I think it brought the insurance down by roughly the amount of the annual subscription so not too sure its really a money saver. Still considering one though for the slightly better chance of seeing your car again if its stolen.
I had one on my old 309 Goodwood GTi a few years ago (fitted by a previous owner) made no difference to insurance and needed a yearly subs. I would not want my car back if it was pinched so would not bother.