Top 10 Stolen Vehicles in Canada
Stolen Vehicles Cost Everyone
Automobile theft is much more than an insurance problem; it’s an expensive social menace. Each year, automobile theft costs Canadians close to $1 billion, including $542 million for insurers to fix or replace stolen vehicles, $250 million in police, health care and court system costs and millions more for correctional services.
Learn about This Year’s Top 10 Most Stolen Vehicles
Why Does a Criminal Target a Vehicle?
How often your make and model of vehicle is stolen is one of the factors insurers use to set your insurance premium. Thieves generally steal vehicles for one of four reasons:
- To sell abroad: Stolen vehicles are often immediately packed – with their vehicle identification numbers (VINs) still intact – and shipped abroad, where they are sold for many times their original market value.
- To sell to unsuspecting consumers: Stolen vehicles may be given a false VIN and then sold to unsuspecting consumers. They can also be dismantled and sold for parts.
- To get somewhere: This may be referred to as “joyriding.” Auto theft of any kind is a crime and innocent people may get hurt or killed as a result.
- To commit another crime: Stolen vehicles used to commit other crimes are often recovered – abandoned and badly damaged – within 48 hours of their theft.