New data from the Insurance Bureau of Canada (IBC) reveals that auto theft rates in Atlantic Canada are on the rise, with a notable 13% increase in auto theft claims during the first half of 2024. This makes Atlantic Canada, which includes Nova Scotia, New Brunswick, Prince Edward Island, and Newfoundland and Labrador, a growing target for opportunistic car thieves. The surge in claims is the largest regional increase in the country, and over the past decade, the region has seen a staggering 116% rise in auto theft claims.
The Cost of Auto Theft on the Rise
According to IBC, the rise in auto theft is putting upward pressure on auto premiums and impacting the safety and security of residents. The costs related to these thefts are also climbing. The first half of 2024 saw an 11.8% increase in claims costs compared to the same period in the previous year. Over the last decade, costs for auto theft claims in the Atlantic provinces have surged by 265%.
A Closer Look at the Provinces
Among the Atlantic provinces, Nova Scotia experienced the highest jump in car theft claims, with a 26.6% increase when comparing the first half of 2024 to the same period in 2023. New Brunswick saw a 14.4% rise, while Prince Edward Island recorded a 10.5% increase.
However, Newfoundland and Labrador stand out with a 26% drop in theft claims during the same period despite claims costs remaining steady. This decline in auto theft rates in Newfoundland and Labrador is a positive trend that offers some important lessons in how residents can stay vigilant.
Why Newfoundland and Labrador Saw a Decrease in Auto Theft Rates
The decrease in auto theft rates in Newfoundland and Labrador can be attributed to a combination of factors. Increased community awareness, effective policing, and targeted crime prevention initiatives have all played a role in making it harder for opportunistic thieves to operate. Collaboration between law enforcement and the community has heightened vigilance, leading to more secure neighbourhoods and a greater focus on deterring crime.
Additionally, many residents have become more proactive about securing their vehicles by using anti-theft devices, parking in well-lit areas, and adopting simple habits like double-checking that car doors are locked.
How to Stay Vigilant Against Auto Theft
While Newfoundland and Labrador has seen a decrease in auto theft rates, the rising trend in the rest of Atlantic Canada is a reminder that vigilance is key. Here are some tips to help keep your vehicle safe:
- Use Anti-Theft Devices: Steering wheel locks, immobilizers, and GPS tracking systems can be effective deterrents.
- Park in Well-Lit Areas: Thieves are less likely to target vehicles parked in visible, well-lit areas.
- Always Lock Your Doors: It may seem obvious, but many thefts happen when cars are left unlocked.
- Don’t Leave Valuables in Plain Sight: Visible electronics, bags, or other valuables can attract thieves.
- Be Aware of Your Surroundings: Stay alert, and if you notice any suspicious activity in your neighbourhood, report it to the authorities.
Auto theft is a growing concern across Atlantic Canada, but with the right precautions, you can help protect your vehicle and contribute to the overall safety of your community. At Wedgwood Insurance, we’re here to help you stay informed and secure the right coverage for peace of mind. Contact us today to learn more about how we can support your auto insurance needs.
About Wedgwood Insurance
Wedgwood Insurance has offices in St. John’s & Corner Brook and is Newfoundland & Labrador’s largest independent insurance broker. We provide straightforward home, auto & business insurance advice.
With over 275 Google My Business reviews, experience the Wedgwood difference with expert advice from our dedicated team. We ensure that every client has the coverage that best suits their needs through upfront complimentary consultations and midterm reviews.
Contact Us