Date Published: 2024/11/01
Read Time: mins
Auto theft is on the rise in Canada, with over 105,000 vehicles stolen in 2022 alone—an average of one theft every five minutes. This alarming statistic underscores the need for car owners to remain vigilant. Opting for a vehicle that's less likely to be stolen not only offers peace of mind but can also lead to lower insurance premiums.
In this article, we'll explore the least common stolen vehicles in Canada, examine why they are less appealing to thieves, offer tips on protecting your vehicle from theft and outline the steps for reporting auto theft.
Auto theft is a growing concern in Canada. The Insurance Bureau of Canada reports that Canada's private auto insurers paid out $1.5 billion in theft claims in 2023, a staggering increase from previous years. This surge has led to higher insurance premiums for car owners across the country.
Avoiding auto theft can sometimes be as simple as choosing the right vehicle. Several factors can lower a vehicle's risk of theft, such as:
Owning or leasing a vehicle with a lower theft risk can result in reduced insurance premiums. Insurance companies assess various factors, including a vehicle's theft rate, when calculating your premium. Selecting a vehicle that is less appealing to thieves can lead to lower insurance costs.
Additionally, maintaining a claims-free record helps keep your rates down. By avoiding claims for a stolen vehicle, you preserve a clean claims history and benefit from lower premiums.
According to data from Équité Association, these were the ten least common stolen vehicles in Canada in 2022:
Car Name | Number of Thefts (2022) | Theft Rate (%) |
---|---|---|
Chevrolet Volt | 1 | 0.006% |
Kia Niro 5DR | 3 | 0.027% |
Cadillac XT5 | 4 | 0.019% |
Buick Envision | 4 | 0.028% |
Mini Cooper Countryman | 4 | 0.030% |
Volvo XC90 | 5 | 0.031% |
Volkswagen Beetle | 6 | 0.040% |
Chevrolet Corvette | 6 | 0.051% |
Hyundai Ioniq | 7 | 0.058% |
Mazda Mazda2 | 8 | 0.059% |
To help keep your vehicle safe and avoid auto theft, consider these essential tips to minimize risk:
If your vehicle is stolen, report the auto theft to the police immediately. Provide them with all relevant information about your vehicle, including its make, model, colour and any distinguishing features. Notify your insurance company as soon as possible to begin the claims process. If you want to receive more insightful information like this, subscribe to our newsletter.
In the unfortunate event that your car is targeted by thieves, the right insurance policy can help you get back to where you started. At Orbit Insurance Services, our experienced insurance brokers are dedicated to finding the most suitable and affordable coverage options to meet your needs. If you're shopping for auto insurance, you can request a quote here.
If you're a current Orbit customer and have questions about your auto insurance policy, contact an Orbit insurance broker today.