Lethbridge among top hot spots for auto theft insurance claims in Alberta
LETHBRIDGE, AB – A new report shows that the dollar amounts from auto theft claims are on the rise in several Alberta cities.
The Insurance Bureau of Canada (IBC) reports that vehicle theft claims costs in Alberta rose by 55 per cent between 2021 and 2023.
Aaron Sutherland, Vice-President of Western and Pacific with IBC says legal costs now account for a greater portion of the auto insurance premiums drivers pay in Alberta than anywhere else in Canada.
Alberta was also ranked second nationally for the amount spent per claim to repair vehicles, as well as the frequency at which vehicles are stolen.