Why is your car stolen?
Generally, cars are stolen for two reasons:
- Joyriding: the vehicle is stolen to have a good time. This type of theft is committed by young kids and the vehicle is generally located soon after it’s stolen.
- Organized crime: auto theft is the work of well-organized criminal networks: generally, cars are stolen to be dismantled for parts or made over or cloned. There are also networks that steal to export the cars, especially luxury cars, to other countries.
How is a car stolen?
Most thefts are committed by organized networks. The thief receives an order to steal a specific make or model. Most often, he’ll find the car in question in a parking lot.
It doesn’t take long to steal a car. It takes just 30 seconds for an experienced thief to steal your car. If you’ve installed a security system, you’ll make his job harder. You’ll also contribute to reducing the risk of theft.
Auto theft and insurance
Before you buy or take out a long-term lease, check to see whether the car is on the list of most stolen vehicles. If it is, it will probably cost you more to insure.
Did you know that auto theft also costs insurers a lot of money? Every year, they pay out 10% of your auto insurance premium to cover auto theft payouts.
Source: Infoassurance.ca
