Canada’s insurers urge further action as auto theft claims continue to soar in 2025

“Losses from auto theft claims have surged by 200% over the past decade

New data released by Insurance Bureau of Canada (IBC) reveals that auto theft claims rates and losses in Canada continue to soar well above historical levels. Although national auto theft claims counts and losses declined in the first half of 2025 compared to the same period last year, the long-term trend remains concerning. Over the past decade, losses have surged by 200% — from just over $120 million in the first half of 2015 to more than $360 million in the first half of 2025.”

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