Car and truck theft continue to be major sources of cost for insurance companies and for the Ontario government. For consumers, it pushes up the cost of premiums. Anything we can do to prevent auto theft is welcome.
According to the Insurance Bureau of Canada,
“Every year, automobile theft costs Canadians close to $1 billion, including $542 million for insurers to fix or replace stolen cars, $250 million in police, health-care and court-system costs and millions more for correctional services.”
This theft costs consumers an additional $35 on their premiums.
According to IBC, cars stolen for one of five main reasons:
Thieves appear to be interested more in high end automobiles, but some less expensive models are in high demand, probably for their parts. Auto parts are a lucrative industry in North America and even more so in other regions of the world, where import restrictions and parts availability make cars difficult to repair.
Rick Dubin, VP Investigative Services for IBC states that “Organized criminals are now dismantling higher-end vehicles and exporting them in pieces instead of as whole vehicles because they are less likely to be detected.” These vehicles get reassembled as far away as West Africa and then resold.”
The Honda Civic SiR 2 door model is the most stolen car in Canada. Most are 4Dr 4WD models. Here’s the rest as reported by IBC in the year 2013.
|1.||2000||HONDA CIVIC SiR 2DR|
|2.||2006||CHEVROLET TRAILBLAZER SS 4DR 4WD SUV|
|3.||2002||CADILLAC ESCALADE 4DR 4WD SUV|
|4.||2005||CADILLAC ESCALADE 4DR 4WD SUV|
|5.||2006||FORD F350 SD 4WD PU|
|6.||2005||CADILLAC ESCALADE ESV 4DR AWD SUV|
|7.||2006||ACURA RSX TYPE S 2DR 2D|
|8.||2007||FORD F250 SD 4WD PU|
|9.||2007||FORD F350 SD 4WD PU|
|10.||2003||ACURA RSX TYPE S 2DR 2D|
If you’re unlucky enough to have one of the most stolen models, do what you can to make it tougher for thieves. Read these tips on car anti-theft devices.
Take care of the dollars and the pennies will take of themselves. If you want to save on car insurance and still get the deluxe policy features you need. Check out some ways to save on auto insurance and discover which cars are cheapest to insure.