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Insurance companies don't have to give you a discount for it, so ask them before you buy. However, I do agree that the LoJack should give you the same rate break as the etching.
With all of this in mind, I recommend buying the LoJack system and not insuring the Comprehensive portion of the Physical Damage coverage, since you seem most concerned about theft. That would mean that you wouldn't be covered if, say, a tree falls on your car. That's probably the issue with the salvaged title anyway, so it might help with you other issues as well.
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