Auto theft has fallen in Canada during the first six months of 2024, but incidents remain well above those seen in years past, according to recent data released by the Insurance Bureau of Canada (IBC).
There were 17,647 auto theft claims in the first six months of this year, compared with 21,907 in the same period in 2023, the agency said in its report. The 19 percent drop is the first time claims have decreased in the past decade, although they are still above 2021 levels when theft rates began escalating rapidly.
The dip in insurance claims shows efforts over the past six months by law enforcement, insurers, and the government is working, but more needs to be done, says IBC vice-president of strategy Liam McGuinty. …