- A report from an Insurance Industry group shows that vehicle has risen 50% in Quebec year over year, 48.3% in Ontario, 34.% in Atlantic, and 18.3% in Alberta.
- In Toronto, theft has tripled since 2015, and a vehicle is stolen every 6 minutes in Canada, at a cost of Billion dollars a year.
- Insurance Companies have responded by raising rates, sometimes across the board and sometimes on makes and models most likely to be stolen
- Premiums have gone up 25 to 50% over the last 2 years. Example, a 35 yr old male in Toronto with no prior convictions paid 26% more to insure his 2020 Honda HRV in 2023 than the prior year
Solutions?? Use The Club, Tag Tracking system, tire clamp, brake or clutch lock, don't drive a Vehicle that is likely to be stolen (Sorry Honda CRV, Civic, Ram, and F150 owners)
--> https://nationalpost.com/news/canadi...nce-auto-theft
So what's the Root Cause of all these Thefts Increasing Anyways?