Insurance claims due to auto theft have skyrocketed in the Greater Toronto Area and across Ontario over the past few years, new data from the Insurance Bureau of Canada (ICB) shows.
Numbers released by the organization Tuesday show that auto theft claims in Toronto jumped from a little over $56 million in 2018 to nearly $372 million in 2023, an increase of 561 per cent.
That closely matches the increase across the province, with auto theft claims topping $1 billion in Ontario last year for the first time, a 524 per cent increase compared to five years ago.
