Auto theft is becoming increasingly concerning in Canada, with thefts occurring daily in many cities nationwide. Shocking new data reveals that from January to April 2023, the number of vehicles reported stolen rose by a staggering 26.5% compared to the same period in the previous year. Organized crime rings are often responsible for these thefts, with stolen vehicles frequently sold for parts or shipped overseas.
A recent survey by Leger found that 27% of Canadian car owners are worried about auto theft, with 5% of respondents indicating that they are “very worried.” Particularly alarming is the fact that those earning less than $60,000 per year are the most concerned, given the high cost of replacing a vehicle.
Most Canadians Take Precautions To Prevent Their Cars From Being Stolen
Most Canadians who were surveyed said they park their car in their driveway. Another 25 percent say they park in a closed garage, while eight percent say they park in a designated space for their building. Finally, another eight percent say they park their car on the street.
Although most Canadians take precautions to prevent their cars from being stolen, it is concerning that 13% of car owners take no action to prevent theft. It is essential that drivers take basic measures, such as parking in secure, well-lit areas and using anti-theft devices like GPS trackers or alarm systems to prevent auto theft in Canada.
It’s important for all Newfoundland and Labrador drivers to review their insurance coverage and take proactive steps to protect their vehicles from theft. We can assist individuals in finding the appropriate coverage for their specific vehicle, make, model, and year at the best possible rate. Talk to us to discuss your auto insurance coverage, including collision and comprehensive coverages.
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 245 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.