Have you checked to see if your vehicle is one of Canada’s most stolen? The Insurance Bureau of Canada (IBC) recently compiled 2020’s list of the top 10 stolen vehicles across Canada. Once again thieves have targeted high-end vehicles, including SUVS and off-road capable vehicles, and, unfortunately, the pandemic has led to an increase in vehicle thefts.
Electronic auto theft also continues to increase, especially as more vehicles are equipped with technology such as keyless entry remotes.
According to IBC, Canada’s most frequently stolen vehicles are:
According to the report, there has also been a growing trend in street racing and drifting events all across Canada. Events, the bureau warns, provide a market for stolen, small, and speedy vehicles.
At OTC Insurance, we work with clients to find the appropriate level of coverage to fit their needs, budget and risk level. OTC works with 18 different auto insurers to get clients the best possible price for the coverage they desire. It is also wise to consult us when purchasing a vehicle to know the cost of insuring it, as the annual cost of insurance can differ significantly between vehicles. This can be an important thing to consider when purchasing a vehicle.
For more information or to learn more about auto insurance, contact us.