{"id":21983,"date":"2024-06-07T19:50:40","date_gmt":"2024-06-07T19:50:40","guid":{"rendered":"https:\/\/www.insurance-canada.ca\/?p=80969"},"modified":"2024-06-07T19:50:40","modified_gmt":"2024-06-07T19:50:40","slug":"ontarios-top-10-costliest-cities-for-auto-theft-claims-revealed-ibc","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2024\/06\/07\/ontarios-top-10-costliest-cities-for-auto-theft-claims-revealed-ibc\/","title":{"rendered":"Ontario\u2019s Top 10 Costliest Cities for Auto Theft Claims Revealed: IBC"},"content":{"rendered":"

Auto theft claims costs in Ontario surpassed $1 billion for the first time in 2023<\/h3>\n

Toronto, ON (Jun. 3, 2024) \u2013 For the first time, Insurance Bureau of Canada (IBC) is releasing a list of the Top 10 costliest cities in Ontario for auto theft claims. According to newly released data, auto theft claims costs have surged by a record-shattering 524% across Ontario since 2018, with auto theft claims costs surpassing $1 billion for the first time in 2023.<\/p>\n

\u201cOntario is seeing an alarming increase in auto theft claims and auto theft claims costs,\u201d said Amanda Dean, Vice-President, Ontario and Atlantic, IBC. \u201cAs IBC\u2019s numbers reveal, the Greater Toronto Area has been hit particularly hard by the auto theft crisis. These claims costs speak to the growing severity of the auto theft crisis in Ontario \u2013 a crisis that is having a material impact on auto insurance premiums, to say nothing of the concern and trauma it is causing Ontarians.\u201d<\/p>\n

Across Ontario, between 2018 and 2023, the incidence of people making insurance claims due to the theft of their vehicles increased by 165% and auto theft claims costs have increased by 524%. Between 2022 and 2023, the increase in the number of auto theft claims was 21% and the increase for auto theft claims costs was 32%.<\/p>\n

Table 1: Top 10 Costliest Cities in Ontario for Auto Theft Claims, 2023<\/b><\/h4>\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Rank<\/em><\/strong><\/td>\nCity<\/em><\/strong><\/td>\n2023 auto theft <\/em><\/strong> claims costs<\/em><\/strong><\/td>\n2018 auto theft <\/em><\/strong> claims costs<\/em><\/strong><\/td>\nIncrease in auto theft claims <\/em><\/strong> costs between 2018 and 2023<\/em><\/strong><\/td>\n<\/tr>\n
1.<\/td>\nToronto<\/td>\n$371,815,072<\/strong><\/td>\n$56,223,067<\/td>\n561 %<\/td>\n<\/tr>\n
2.<\/td>\nBrampton<\/td>\n$93,186,518<\/strong><\/td>\n$11,378,590<\/td>\n719 %<\/td>\n<\/tr>\n
3.<\/td>\nMississauga<\/td>\n$89,980,735<\/strong><\/td>\n$14,226,190<\/td>\n533 %<\/td>\n<\/tr>\n
4.<\/td>\nVaughan<\/td>\n$62,443,717<\/strong><\/td>\n$7,023,115<\/td>\n789 %<\/td>\n<\/tr>\n
5.<\/td>\nMarkham<\/td>\n$43,633,553<\/strong><\/td>\n$4,005,428<\/td>\n989 %<\/td>\n<\/tr>\n
6.<\/td>\nOttawa<\/td>\n$41,304,357<\/strong><\/td>\n$6,743,194<\/td>\n513 %<\/td>\n<\/tr>\n
7.<\/td>\nOakville<\/td>\n$30,797,587<\/strong><\/td>\n$3,163,240<\/td>\n874 %<\/td>\n<\/tr>\n
8.<\/td>\nRichmond Hill<\/td>\n$25,672,053<\/strong><\/td>\n$2,814,457<\/td>\n812 %<\/td>\n<\/tr>\n
9.<\/td>\nHamilton<\/td>\n$19,978,117<\/strong><\/td>\n$7,390,338<\/td>\n170 %<\/td>\n<\/tr>\n
10.<\/td>\nLondon<\/td>\n$13,823,739<\/strong><\/td>\n$4,394,111<\/td>\n215 %<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

IBC analysis based on industry data from GISA systems.<\/em><\/p>\n

Ontario\u2019s biggest cities tend to have the highest claims costs. However, as Table 2 shows, several mid-sized cities have experienced staggering increases in the theft claims costs.<\/p>\n

Table 2: Top 10 Ontario Cities by Increase in Auto Theft Claims and Claims Costs, 2018 to 2023<\/strong><\/h4>\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Rank<\/strong><\/td>\nCity<\/em><\/strong><\/td>\nIncrease in auto theft claims costs
<\/em><\/strong> between 2018 and 2023<\/em><\/strong><\/td>\n		2023 auto theft <\/em><\/strong> claims costs<\/em><\/strong><\/td>\n2018 auto theft <\/em><\/strong> claims costs<\/em><\/strong><\/td>\n<\/tr>\n
1.<\/td>\nWhitby<\/td>\n2269 %<\/strong><\/td>\n$12,145,932<\/td>\n$512,751<\/td>\n<\/tr>\n
2.<\/td>\nPickering<\/td>\n1228 %<\/strong><\/td>\n$10,653,759<\/td>\n$802,520<\/td>\n<\/tr>\n
3.<\/td>\nMilton<\/td>\n1010 %<\/strong><\/td>\n$11,976,316<\/td>\n$1,078,885<\/td>\n<\/tr>\n
4.<\/td>\nMarkham<\/td>\n989 %<\/strong><\/td>\n$43,633,553<\/td>\n$4,005,428<\/td>\n<\/tr>\n
5.<\/td>\nOakville<\/td>\n874 %<\/strong><\/td>\n$30,797,597<\/td>\n$3,163,240<\/td>\n<\/tr>\n
6.<\/td>\nRichmond Hill<\/td>\n812 %<\/strong><\/td>\n$25,672,053<\/td>\n$2,814,457<\/td>\n<\/tr>\n
7.<\/td>\nAjax<\/td>\n807 %<\/strong><\/td>\n$13,159,562<\/td>\n$1,451,427<\/td>\n<\/tr>\n
8.<\/td>\nVaughan<\/td>\n789 %<\/strong><\/td>\n$62,443,717<\/td>\n$7,023,115<\/td>\n<\/tr>\n
9.<\/td>\nClarington<\/td>\n744 %<\/strong><\/td>\n$5,810,278<\/td>\n$688,689<\/td>\n<\/tr>\n
10.<\/td>\nBrampton<\/td>\n719 %<\/strong><\/td>\n$93,186,518<\/td>\n$11,378,590<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

IBC analysis based on industry data from GISA systems.<\/em><\/p>\n

\u201cAuto theft is a national emergency. IBC and its members remain committed to working with governments and stakeholders to combat Canada\u2019s auto theft crisis,\u201d added Dean. \u201cWe applaud the Ontario government for the significant investments it has made to help mitigate the crisis. However, more must be done to tighten the vehicle registration process to make it harder for criminals to re-VIN and sell stolen vehicles to unsuspecting Ontarians.\u201d<\/p>\n

\u201cWith auto theft claims skyrocketing across Ontario, we urge all orders of government \u2013 including the province and municipalities \u2013 not to delay in working with the federal government to implement the recommendations in the National Action Plan on Combatting Auto Theft<\/a>. This initiative must include measures that make it more difficult to transport and export stolen cars.\u201d<\/p>\n

For more information on the national auto theft crisis, see the recent news release, Theft insurance claims top $1.5 billion in 2023<\/a>.<\/p>\n

About Insurance Bureau of Canada<\/b><\/h4>\n

Established in 1964, Insurance Bureau of Canada (IBC) is the national industry association representing Canada\u2019s private home, auto and business insurers. Its member companies make up the vast majority of Canada\u2019s highly competitive property and casualty (P&C) insurance market. As the leading advocate for Canada\u2019s private P&C insurers, IBC collaborates with governments, regulators and stakeholders to support a competitive environment for the P&C insurance industry to continue to help protect Canadians from the risks of today and tomorrow. IBC believes that Canadians value and deserve a responsive and resilient private P&C insurance industry that provides insurance solutions to both individuals and businesses.<\/p>\n

For more information, visit www.ibc.ca<\/a>. If you have a question about home, auto or business insurance, contact IBC\u2019s Consumer Information Centre at 1-844-2ask-IBC.<\/p>\n

Source: Insurance Bureau of Canada (IBC)<\/em><\/p>\n

Tags: Insurance Bureau of Canada (IBC)<\/a>, Ontario<\/a>, vehicle theft<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Auto theft claims costs in Ontario surpassed $1 billion for the first time in 2023 Toronto, ON (Jun. 3, 2024) \u2013 For the first time, Insurance Bureau of Canada (IBC) is releasing a list...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[1],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/21983"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=21983"}],"version-history":[{"count":0,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/21983\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=21983"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=21983"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=21983"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}