Auto Theft Claims Costs in Alberta Jump 65 Percent in 3 Years, Insurance Bureau Says

Highway traffic moves into Calgary in a file photo. The Canadian Press/Jeff McIntosh

Canada’s Insurance Bureau says that rising vehicle theft has led to an increase in claims costs by 65 percent over three years.

The Insurance Bureau of Canada (IBC) said that auto theft claims costs reached $110.3 million in 2024, compared to $67 million in 2021.