Mitch Insurance Brokers’ Post

Mitch Insurance Brokers CEO, Adam Mitchell, spoke with CityNews Toronto about the auto theft crisis and how having your vehicle stolen multiple times can impact your car insurance. #Insurance #InsuranceIndustry #InsuranceBrokers #InsuranceClaims #AutoInsurance #Media

As car thefts increase across the country, many Canadians are experiencing the unfortunate ordeal of having their vehicles stolen multiple times. Mitch CEO Adam Mitchell was interviewed by CityNews Toronto about this growing trend and how having your car stolen several times can impact your insurance. #Insurance #AutoInsurance #CarInsurance #AutoTheft #CarTheft #VehicleTheft #InsuranceBrokers #InsuranceIndustry

The battle against vehicle theft heats up as insurers introduce new incentives and surcharges on auto insurance policies. Dive into the strategy behind this move and the impact it could have on driving behavior. https://hubs.la/Q020gkvF0 #AutoTheftPrevention #InsuranceInnovations #VehicleProtection #Insurance

Difficult times out there for sure, with our Usage based insurance analytics & stolen vehicle recovery services Vodafone Automotive can assist reduce these costs. By eFnol and driving data we can assist with liability quicker. With our pro-active Thatcham approved stolen vehicle recovery services we can track the theft rapidly and get the vehicle returned quickly. Get in touch to hear how we are assisting our insurance partners in this space. #vodafonebusiness #insurance #motorclaims #stolenvehicletracking

In today’s blog post, we explore the ins and outs of auto insurance coverage for theft. Keep reading to learn more about this important topic. #autoinsurance #delgadosinsurance https://lnkd.in/gnFjdHKx

This is absolutely outstanding! Now…we need every insurer to agree on which vehicles comes with the additional premium AND which system (TAG please God just agree on TAG) can be used to remove the charge. Of course…any insurer that doesn’t get onboard will be massively selected against by insureds with high-theft vehicles who refuse to take the steps to reduce their risk. Basically- you’ve had a good idea…now make sure every insurer has the same idea.

The auto theft crisis is pushing car insurance premiums higher. Comparing insurance quotes online can help you find the best coverage at a low cost. #carinsurance #autotheft #insurancequote https://ow.ly/3jkT50RRsgv

Some insight into the rate increases we’re seeing in Ontario auto insurance premiums and the anti-theft requirements for high-risk vehicles. “2022 marked the first time that the country's insurance companies paid out over $1 billion in claims for stolen vehicles, with the GTA being responsible for around $500 million of that total. Theft claim costs in Ontario alone were about $700 million in 2022, which is a 329 per cent increase from 2018 when claim costs were around $160 million.” If you need assistance with examining your risks, we’re here to help. Let’s talk #autoinsurance #privateclient #nfp #personalinsurance #riskmanagement #assetprotection #autotheft

Auto thefts are a relatively small percentage of auto claims, but rising thefts are adding to the stresses of the auto insurance market. https://hubs.li/Q02dY9L70

We are all seeing the impacts of the hard insurance market. The rising cost of auto insurance is directly linked to the increase in costs for the insurance company to settle a claim. Crime is on the rise, and vehicle thefts are at an all time high. Vehicle repairs, stolen vehicles, injuries sustained, and fraud are some top factors that are driving the costs of insurance claims. Without a concrete plan to tackle crime, more specifically vehicle thefts, then it will be difficult to look at auto reform.