What is The Number One Crime in Canada?

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Car theft
What does this high auto-theft rate do to your insurance?
Auto theft prevention

Car theft
In the past decade, Canada has become the car theft capital of North America. According to Statistics Canada, one car is stolen every three minutes. Car theft makes up more than one third of all property crimes in this country and costs consumers, police, insurance companies and the government more than $1 billion annually.

Cars in cities along the major waterways such as Toronto, Montréal, Halifax and Vancouver are more likely to be stolen. This is because more than 30 per cent of stolen cars in Canada are exported to other countries. The rest are given false identification numbers and resold to unsuspecting consumers or chopped up for parts.

And just because you drive a mid-priced, 4-door sedan, don't think it's not a target for thieves. Economy cars are just as likely to be stolen as luxury cars. The Vehicle Information Centre of Canada reports the top 3 most frequently stolen vehicles are the Hyundai Tiburon (FX) 2DR, the VW Golf 2DR, and the Acura Integra 2DR.

What does this high auto-theft rate do to your insurance?
According to the Insurance Crime Prevention Bureau, vehicle theft costs insurers about $600 million annually. Who pays for all these costs? You do. We all do. These losses are made up through our insurance premiums.

Insurers look at where you live when they calculate your insurance premiums. If you live in an area that has a high auto theft rate, you will probably be paying a higher price for your insurance than if you lived in an area where your car was less likely to be stolen. This means that if you were moving from a small town to a large city on a waterway like Montreal or Toronto, it would probably cost you more to insure your car.

Auto theft prevention
Follow these simple tips from the Vehicle Information Centre of Canada to help deter car thieves.