2023 auto theft in Canada hits $1.5 billion in insurance claims, a 20% increase over 2022 and a 254% rise over five years.
Auto theft in Canada has reached a record-breaking $1.5 billion in insurance claims for stolen vehicles in 2023, marking the second consecutive year of over $1 billion in claims. New data from the Insurance Bureau of Canada (IBC) shows a near 20% increase since 2022 and a 254% increase nationally over five years. High-end and luxury vehicles are often targeted in the ongoing auto theft crisis.
May 16, 2024
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