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Lock up your trucks!

Vehicle theft cost Canadians $1 billion in 2021.

January 26, 2022   Adam Freill
Trucks

(Source: HelloSafe)

According to a new report from HelloSafe, a car or truck was stolen every seven minutes in Canada last year. Of those that put in for an insurance claim due to theft, a quarter were pickup trucks or vans.

In total, there were 80,000 vehicles reported stolen in Canada in 2021. Payouts for claims cost insurance companies $542 million. When policing, court, prison and healthcare costs are factored into the calculations, the consolidated cost of vehicle theft borne by Canadians was estimated to be $1 billion.

Of the top 10 vehicles stolen in 2021, the 2017 Chevrolet Silverado/GMC Sierra ranked fifth, 2017 Ford F-150 to 450 models ranked sixth, and the 2019 Dodge Ram 1500, 2500 and 3500 models combined to take seventh spot on the list. The most frequently stolen car in Canada in 2021 was the 2018 Lexus RX.

Looking regionally, Alberta had the highest rate of vehicle theft, at 13.1 per 10,000 inhabitants. Ontario reported 7.3 stolen vehicles per 10,000 inhabitants. Quebec saw 5.9 per 10,000 residents. The Atlantic provinces were the least affected by vehicle thefts, with only 3.2 vehicles reported stolen per 10,000 residents.

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