A vehicle tracking unit for a vehicle of a type including at least one vehicle sensor may include a vehicle position determining device, a wireless communications device, and a controller connected to the wireless communications device and the vehicle position determining device for sending vehicle position information to a user. Furthermore, the controller may cooperate with the wireless communications device to send an alarm indication alert to the user based upon the at least one vehicle sensor. Additionally, the controller may stop sending of further alarm indication alerts upon reaching a predetermined number thereof.