"While car thefts generally make up a small portion of the overall losses that insurance pays for, anything that increases costs like car thefts makes insurance cost more. By taking precautions that will make thieves think twice about attempting to take your vehicle, they may leave the area and your vehicle untouched," Bob Passmore, department vice president, personal lines, for APCIA, said in a release. (Credit: Shutterstock.com)
Through the first three quarters of 2022, more than 745,000 vehicles were stolen in the U.S., according to the National Insurance Crime Bureau (NICB), which reported the estimated worth of stolen vehicles, as of Sept. 2022, was $6.6 billion.
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