Our New Zealand brand AMI Insurance has released its top 10 most stolen cars list of 2024. Sourced from the largest general insurance dataset in New Zealand, the Toyota Aqua tops the stolen cars claim list for a third consecutive year, followed by the Toyota Corolla and Nissan Tiida. In 2024, AMI reported nearly 12,000 vehicle theft claims, with Auckland, Canterbury, and Waikato being the most affected regions. Executive General Manager Claims Wayne Tippet notes that claims have begun to decrease for the first time in four years, with stolen vehicle claims related to ram raids down by 50% compared to 2023. Wayne Tippet highlights the importance of vehicle security: “Among unprecedented vehicle theft rates throughout prior years, it seems New Zealanders have put security measures and practices in place and are being more mindful about where they park their cars.” Read the full story here: https://lnkd.in/g_9cz_E9
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In 2023, 123,532 auto insurance policies were issued for the 2021 Toyota Highlander. Among these, 3,414 were reported as stolen. #Toyota #Insurance #ToyotaThefts #Highlander #AutoThefts #Police #TrackingSolutions
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As vehicle theft continues to be a significant concern in Ontario, insurance rates for the province’s most stolen vehicles have seen a marked increase. This trend is a direct consequence of rising theft claims, prompting insurers to adjust premiums accordingly. Top Targets Recent data reveals that certain makes and models are disproportionately targeted by thieves. Among the most stolen vehicles in Ontario are: - Honda CR-V: This popular SUV has topped the list due to its high resale value and demand for parts. - Lexus RX Series: Luxury vehicles like the Lexus RX are prime targets for their high market value. - Toyota Highlander: Known for its reliability and popularity, the Toyota Highlander is also frequently stolen. - Ford F-Series: Pickup trucks, particularly the Ford F-150, are common targets due to their versatility and popularity. - Chevrolet Silverado: Similar to the Ford F-Series, the Silverado’s high value makes it attractive to thieves. Impact on Premiums Insurance companies determine premiums based on several factors, including the risk of theft. When certain vehicles are repeatedly targeted, the cost of insuring these vehicles increases. For instance, a driver of a Honda CR-V or Lexus RX in Ontario may find their insurance premiums significantly higher than those of less targeted vehicles. Owners of top stolen vehicles can expect to see higher premiums as insurers mitigate the financial risk associated with potential theft claims.
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Car theft is a major concern for insurers and vehicle owners, with 2023 witnessing a nearly 50% increase in reported cases. Beau Paparoa of AA Insurance NZ notes a recent slight decrease in theft rates but emphasizes ongoing risks. Explore how these trends impact both insurers and car owners. https://hubs.la/Q02L1bbP0 #CarTheft #InsuranceNews #VehicleSecurity #AAInsurance
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This is an excellent and insightful post that highlights the alarming rise in auto theft and its wide-reaching economic impact, from skyrocketing insurance costs to reduced state GDP and lost jobs. It effectively underscores the urgency of adopting advanced security measures, like Motoro Security's innovative solutions, to combat this crisis. A must-read for anyone concerned about vehicle security and its financial implications!
🚗 The Growing Auto Theft Crisis & Its Impact on Insurance Costs Across North America 🚨 Canada's auto theft crisis is deepening, with claims surpassing $1.5 billion in 2023—56% more than 2018, and costs up 254%. Ontario is hardest hit, with claim costs up 524% and a vehicle stolen every 14 minutes. Insurance premiums are rising, with some vehicles facing increases of 25%. In Colorado, motor vehicle thefts surged 233% from 2014 to 2022, costing households an additional $277 million in insurance premiums. The total value of stolen vehicles in Colorado reached $530 million, with $253 million of that being the broader economic impact not directly tied to household premium increases. The toll includes 1,530 fewer jobs and a $158 million reduction in state GDP. This trend is spreading across the U.S., pushing up insurance premiums for all drivers. Motoro Security offers a solution with innovative technology that prevents vehicle theft by detecting cyber attacks and blocking unauthorized access, aiming to reduce theft and lower insurance costs. Stay vigilant and protect your vehicle! 🔒 Read more: https://lnkd.in/dENVz4TQ , https://lnkd.in/dCa4ft-8 #AutoTheft #InsuranceCrisis #VehicleSecurity #MotoroSecurity #CarTheftPrevention #EconomicImpact
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🚗 The Growing Auto Theft Crisis & Its Impact on Insurance Costs Across North America 🚨 Canada's auto theft crisis is deepening, with claims surpassing $1.5 billion in 2023—56% more than 2018, and costs up 254%. Ontario is hardest hit, with claim costs up 524% and a vehicle stolen every 14 minutes. Insurance premiums are rising, with some vehicles facing increases of 25%. In Colorado, motor vehicle thefts surged 233% from 2014 to 2022, costing households an additional $277 million in insurance premiums. The total value of stolen vehicles in Colorado reached $530 million, with $253 million of that being the broader economic impact not directly tied to household premium increases. The toll includes 1,530 fewer jobs and a $158 million reduction in state GDP. This trend is spreading across the U.S., pushing up insurance premiums for all drivers. Motoro Security offers a solution with innovative technology that prevents vehicle theft by detecting cyber attacks and blocking unauthorized access, aiming to reduce theft and lower insurance costs. Stay vigilant and protect your vehicle! 🔒 Read more: https://lnkd.in/dENVz4TQ , https://lnkd.in/dCa4ft-8 #AutoTheft #InsuranceCrisis #VehicleSecurity #MotoroSecurity #CarTheftPrevention #EconomicImpact
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🚨 Équité Association recently unveiled its list of the top 10 most stolen vehicles in Canada for 2023 – and the models at the top of the list include: 1️⃣ Toyota Highlander 2️⃣ Dodge Ram 1500 Series 3️⃣ Lexus RX Series What does this mean for drivers? If you drive one of Canada's most frequently stolen vehicles, you could be subject to more expensive auto insurance. High risk equals high costs for protection – and while the stolen vehicle epidemic across the nation continues to raise premiums for all, those who drive targeted vehicles will see the worst of it. And even if your vehicle didn't make the list, it's important to take proactive measures to prevent yourself from falling victim. Here’s how you can protect your car: ✅ Park in a private garage, instead of public spaces ✅ Use a steering wheel lock to deter thieves ✅ Install advanced anti-theft devices, such as TAG 👉 Learn more and see the full list here: https://lnkd.in/ePbb9D7u #stolenvehicles #cartheft #insurance #autoinsurance
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Car theft is a frustrating and costly experience that affects thousands of vehicle owners each year. While most modern cars come equipped with advanced anti-theft features, thieves are becoming more sophisticated, making it essential to take proactive steps to safeguard your vehicle. Here are some practical tips to protect your car from being stolen and how the right auto insurance policy can provide an added layer of protection in case you fall victim to auto theft.
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Car theft remains a problem across the country. Thinking about buying an aftermarket anti-theft device to better protect your vehicle? We take a look at the best options to help prevent theft and potentially lower your auto insurance premiums. #Insurance #AutoInsurance #CarInsurance #InsuranceBrokers #InsuranceIndustry #AutoTheft #CarTheft #Canada
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Losing a single car without filing an insurance claim is already too much. We've seen dealerships lose dozens of vehicles without submitting insurance claims because they can't afford to risk losing their coverage. If five vehicles, each worth an average of $30,000, are stolen, the total loss is not just $150,000. It also includes the potential service revenue over time and any income from trade-ins that could have been used to purchase the vehicles. For dealers who are willing to forgo this significant financial impact to maintain their insurance, consider this: for the same amount—$150,000—you could purchase over 2,500 LoJack devices. Given that the average dealer earns $300 to $600 in profit per LoJack sold, that same $150,000 loss in stolen vehicles could have generated over $1.5 million in additional profit. Even more importantly, for every customer who buys a LoJack, the dealer not only helps protect the client’s investment but also provides the peace of mind that, if the vehicle isn't recovered, the customer could receive up to $10,000. This level of protection is likely to encourage the customer to return for future purchases, benefiting the dealership in the long run. LoJack by SoleraNational Automobile Dealers Association (NADA)National Association of Minority Automobile Dealers (NAMAD)Car Dealership Guy International Association of Auto Theft Investigators (IAATI)Solera Holdings, LLC.
