Road Rage: Risks, Liability, and How Auto Insurance Can Protect You
Road rage is an increasingly common issue on Canadian roads, with surveys showing a rise in aggressive driving behaviours. These incidents not only endanger lives...
If you’ve had your vehicle stolen, you have our sympathies. It’s frustrating and costly. Every year, automobile theft costs Canadians upwards of $1 billion. This includes over half a billion for insurers and $250 million for the criminal justice and health care systems. Automobile theft isn’t just costly for the vehicle owner or insurance company, it’s costly to society in general.
There can be many reasons why a vehicle is targeted by a thief, but generally, there are four reasons:
One of the factors insurers use to determine your auto insurance premium is by how often your make and model of vehicle is stolen. Every December, the Insurance Bureau of Canada releases its list of the top 10 stolen vehicles in Canada and within select provinces based on insurance claims data.
In 2019, the top 10 stolen vehicles in Ontario were:
Whether your vehicle was included in the list or not, it’s still important to deter thieves. Some simple steps to do so include:
Some of these steps, like an alarm or anti-theft device, can even save you on your insurance costs.
Even if you’ve taken all the necessary precautions, auto theft can still happen, and it’s important that you have the right auto insurance coverage in case it does. Contact a Regal Insurance broker today to discuss your auto insurance. Check out also more tips on how to protect your vehicle from being stolen
Road rage is an increasingly common issue on Canadian roads, with surveys showing a rise in aggressive driving behaviours. These incidents not only endanger lives...
Cybercrime and ransomware attacks are on the rise, posing significant threats to businesses of all sizes. From data breaches to costly ransomware attacks, the impact...
Understanding Contractors Insurance Contractors in Ontario face a unique set of risks every day, from potential legal claims to equipment theft and job site accidents....
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