It usually only takes a couple of minutes, or even less for someone who has the right means, to steal a vehicle. With the holiday season approaching it is important to be more cautious of your vehicles as this is the most common time for any vehicle to be stolen, mainly due to the fact that they could be filled with gifts.
Vehicles are never a good place to store your personal belongings or gifts. If things are stolen from your car, there may be limited to no coverage under your auto policy. Your homeowners or renters insurance may cover these items, however this will involve reporting a separate claim which will likely carry a deductible.
The Insurance Bureau of Canada noted in a recent article that thieves generally steal vehicles for one of four reasons:
- To sell abroad: Stolen vehicles are often immediately packed – with their vehicle identification numbers (VINs) still intact – and shipped abroad, where they are sold for many times their original market value.
- To sell to unsuspecting consumers: Stolen vehicles may be given a false VIN and then sold to unsuspecting consumers. They can also be dismantled and sold for parts.
- To get somewhere: This may be referred to as “joyriding.” Auto theft of any kind is a crime and innocent people may get hurt or killed as a result.
- To commit another crime: Stolen vehicles used to commit other crimes are often recovered – abandoned and badly damaged – within 48 hours of their theft.
A big factor Insurance companies use to set premiums is how often your make and model of vehicle is stolen. To minimize the chances of your vehicle being stolen it is important to not leave your vehicle running unattended; do not leave your keys or key fob unattended; do not leave valuables on the seat or visible; ensure you park in a well lit area or in a locked garage.
A newer way vehicles thieves are getting away with your vehicle involves boosting key fob signals. This is done by intercepting the fob signal from inside the home to open and steal cars in driveways. The Toronto Police Service recently posted a photo (below) warning the public regarding relay thefts of vehicles using the boosting key fob signals method.
Each year, the Insurance Bureau of Canada complies a list of the top 10 stolen vehicles in Canada.
Here are the Top 10 Most Stolen Vehicles of Canada for 2018:
- 2007 FORD F350 SD 4WD PU
- 2006 FORD F350 SD 4WD PU
- 2005 FORD F350 SD 4WD PU
- 2004 FORD F350 SD 4WD PU
- 2003 FORD F350 SD 4WD PU
- 2006 FORD F250 SD 4WD PU
- 2001 FORD F350 SD 4WD PU
- 2000 FORD F250 SD 4WD PU
- 2015 LEXUS GX460 4DR AWD SUV
- 2001 FORD F250 SD 4WD PU
Here are the Top 10 Most Stolen Vehicles of Ontario for 2018:
- 2004 CHEVROLET/GMC TAHOE/YUKON 4DR 4WD
- 2006 CHEVROLET/GMC SILVERADO/SIERRA 2500 4WD
- 2003 CHEVROLET/GMC TAHOE/YUKON 4DR 4WD
- 2007 FORD F350 SD 4WD
- 2003 CHEVROLET/GMC SUBURBAN/YUKON XL 1500 4DR 4WD
- 2002 CHEVROLET/GMC SUBURBAN/YUKON XL 1500 4DR 4WD
- 2003 CHEVROLET AVALANCHE 1500 4WD
- 2005 CHEVROLET/GMC TAHOE/YUKON 4DR 4WD
- 2003 CHEVROLET/GMC SILVERADO/SIERRA 2500 4WD
- 2002 CHEVROLET/GMC TAHOE/YUKON 4DR 4WD
To see other provinces Top 10 Stolen vehicles visit the Insurance Bureau of Canada’s website: ibc.ca