Ontario’s Auto Theft Falls, Yet Drivers Still Pay the Price

Ontario auto theft claims and costs declined in 2024, following this decade's record high in 2023, but the financial toll remains staggering.

A Canadian map with Toronto highlighted, showing how drivers in the city remain heavily impacted by auto theft despite Ontario’s overall decline.

According to the Insurance Bureau of Canada (IBC), as of June 2025:

• In 2023, Ontario auto theft claims hit $1.03 billion across 25,805 cases

• Since 2017, the cost to service these claims has risen a staggering 538%

• 76% of GTA residents believe the province is facing an auto theft crisis

Why it matters: These losses don’t stop at insurers. They ripple down to every driver through higher premiums, inflated costs, and increased risk factors by geography and vehicle model.

At Prevasum, we’re raising awareness because understanding the scale of the problem is the first step toward demanding innovative solutions.