Tips to Prevent Auto Theft and Save on Your Premium


Are you concerned about the surge in auto theft cases across Canada? The safety of your vehicle is at stake, and it’s crucial to understand the steps you can take to mitigate this risk. Shockingly, the Insurance Bureau of Canada reports that Ontario auto theft-related insurance claims costs skyrocketed to approximately $700 million in 2022, a staggering 329% increase from 2018’s $160 million.

Insurance providers are not just standing by; they’re offering a range of incentives to combat this trend. By equipping your vehicle with anti-theft security tracking systems like Tag, you could qualify for discounts on your auto insurance premiums. Conversely, insurers may impose surcharges on premiums for owners of high-theft vehicles or those who neglect to install anti-theft devices.

Let’s explore some steps you can take to reduce the risk of vehicle theft, ensure your safety, protect your assets, and effectively manage your insurance premiums.

Most Common Stolen Vehicles in Ontario

As reported by the Équité Association, certain vehicles are more prone to auto theft and are likely to have a premium surcharge if they forego installing anti-theft devices. The top 5 commonly stolen cars in Ontario include:

  1. Lexus RX Series (2016-2021 models)
  2. Honda CR-V (2016-2021 models)
  3. Ford F150 Series (2015-2020 models)
  4. Honda Civic (2016-2021 models)
  5. Toyota Highlander (2013-2019 models)

What steps can you take if you own one of these vehicles and want to safeguard yours from theft?

Step 1: Install Anti-Theft Devices

Investing in anti-theft devices for your car is one of the most effective strategies to deter potential thieves. These devices can include:

  • Car Alarms: Audible alarms startle thieves and attract attention to the attempted theft.
  • Steering Wheel Locks: These devices prevent the steering wheel from turning, rendering the vehicle nearly impossible to drive.
  • Ignition Kill Switches: These switches deactivate the ignition system until a concealed switch is activated.
  • GPS Tracking Systems: GPS trackers aid law enforcement in swiftly locating and recovering stolen vehicles.

Numerous insurance providers offer discounts to policyholders who install anti-theft devices, particularly the Tag tracker. Some incentives may involve complimentary installation of Tag, which could result in substantial savings. Inform your insurance broker about these security measures to determine whether you qualify for potentially reduced premiums.

Step 2: Park Wisely

Where you park matters and can significantly impact your vehicle’s exposure to theft, so keep these guidelines in mind when parking:

  • Secure Parking: Whenever feasible, opt for secure parking spots, such as well-lit areas, garages, or monitored parking lots.
  • Lock Your Car: Always lock your vehicle when it’s unattended, even if you’re gone for a brief moment.
  • Utilize Visual Deterrents: Use visible deterrents like steering wheel locks, even in secure parking environments.
  • Park Strategically: Park your vehicle strategically with the wheels turned toward the curb, hindering potential attempts for thieves to tow it away.

Step 3: Conceal Valuables

A vehicle stocked with valuable possessions can draw the attention of thieves. To safeguard your items and discourage theft:

  • Secure Valuables: Keep valuable items hidden from view or locked in the trunk.
  • Remove Key Fobs: Avoid leaving key fobs or spare keys inside the vehicle.
  • Utilize Window Tint: Installing tinted windows can obscure your vehicle’s interior.

By minimizing the temptation for theft, you can reduce the probability of needing to file an insurance claim, potentially resulting in a reduced premium.

Step 4: Stay Aware

Keep informed of local crime patterns and vehicle theft statistics in your area. Being aware of potential risks empowers you to adopt additional precautions when warranted.

  • Neighbourhood Watch Programs: Engage in local community watch initiatives to remain informed about neighbourhood safety.
  • Report Suspicious Behaviour: Report any unusual or suspicious activity to the authorities.

Taking proactive steps and participating actively in your community can enhance overall safety and mitigate the risk of auto theft.

Step 5: Review and Update Your Insurance Coverage

Assess your auto insurance policy regularly to ensure it provides the necessary coverage and takes advantage of available discounts.

In today’s reality, car theft is a risk that can affect most vehicle owners. By implementing preventive measures and staying engaged, you can have peace of mind while avoiding insurance premium surcharges. Remember, investing in a secure vehicle makes financial sense and fosters a safer environment for all.

Do you have any questions or need an auto insurance quote? Our experienced brokers can get you the coverage you need based on your circumstances. Contact us today at 1-800-268-3311 or ebrokers@dbibrokers.ca. You can also visit our Auto Insurance page for more details.