Road Rage: Risks, Liability, and How Auto Insurance Can Protect You
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If you’re a car owner in Ontario, you’ve likely heard about the rising risk of vehicle theft throughout the province. Car thieves often target specific makes and models, often in particular locations, making preventive measures a necessity to protect your valuable asset.
Vehicle theft had been surging in the few years prior to the pandemic across the country. Ontario and Quebec, however, have become the hotspots. According to a report by the Canadian Financing and Leasing Association (CFLA), auto thefts are up 300% in Toronto since 2014. More recently, Équité Association found that, year over year, in 2022, vehicle thefts in Ontario rose 48.3%. Organized crime has been identified as a prominent culprit – with their focus being on new and luxury vehicles that are stolen to be sold overseas.
Knowing if your car is a target for car thieves is the first step in protecting it. Once you’re aware of the risk, there are simple measures that can be taken to prevent your car from theft
1. | Jeep Wranglers/Gladiators |
2. | Toyota Highlanders |
3. | Honda CRV |
4. | Dodge Ram Trucks |
5. | Land Rovers |
6. | Lexus SUV |
7. | Ford 150 |
8. | Acura RDX |
9. | Durango |
10. | Toyota RAV4 |
In the first 6 months of 2023, Toyota Highlanders have become a sought-after vehicle among car thieves. According to CTV News Kitchener, In Kitchener-Waterloo 29 Highlanders have stolen already, resulting in Waterloo regional police issuing warnings specifically to owners of those vehicles.
Car theft in Ontario tends to be more prevalent in urban centers, with certain cities and towns experiencing higher rates of auto theft than others. Toronto, being the most populous city in the province, unfortunately, sees a significant number of car theft incidents. Other major urban centers like Ottawa, Hamilton, and London also have relatively higher rates. And, across the province, areas with a mix of higher crime rates and less secure parking facilities have a tendency to be the hotspots for reports of stolen vehicles.
Suburban neighborhoods, too, are hardly immune. Vehicles are often parked in driveways, or on the street, and can also be easy targets for thieves.Regardless of your location, there are risks – and they have been growing.
It’s no secret that car thieves look for easy targets. Taking a few simple precautions can go a long way in deterring them. Here are some practical car theft protection tips to keep your vehicle safe:
Even with the best prevention measures in place, car theft can still occur. That’s why having comprehensive car insurance is vital to safeguard your financial interests. You’ll have coverage for car theft, so, in the event of a theft, you’ll be able to recover the value of your stolen vehicle.
If you find that your car has been stolen, taking action quickly and efficiently will improve the chances of recovering your vehicle and minimizing losses. Keeping these simple steps in mind, especially during a stressful time, will be helpful:
Car theft is an unfortunate reality, but being vigilant and proactive can significantly reduce the risk. Invest in anti-theft devices, park in well-lit areas, use steering wheel locks, and avoid leaving valuables in your car. While no safeguard can completely prevent theft, having the appropriate insurance coverage will help minimize the interruptions, stress, and out-of-pocket costs in the event your car is stolen.
We would be happy to discuss your current coverage and how protected you are against car theft. Give us a call at 1-800-516-6275, or book an appointment with one of our experienced insurance agents, and we will ensure you have the right amount of coverage for your needs.
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