Tag: vehicle security

Canada Auto Theft Losses Surge 200% Over Decade, Pressuring Insurers

Auto theft claims and losses in Canada have surged by 200% over the past decade, driving insurance premiums higher and prompting calls for updated vehicle safety standards and stronger border enforcement.

Declining Auto Theft in 2024 Does Not Lower Insurance Premiums

Auto theft in the U.S. drops by 17% in 2024, but auto insurance premiums continue to rise due to repair costs, inflation, and legal factors influencing the insurance market.