This past year, 1,001,967 vehicles were stolen in the U.S., representing a 7% increase compared with 2021, according to the National Insurance Crime Bureau (NICB), which reported the estimated worth of vehicle theft losses reached $8.9 billion.
For some makes and models, the issue became so problematic that insurance companies were reportedly curtailing coverage.
Throughout 2022, monthly theft totals routinely topped 75,000 as record and near-record levels of theft occurred throughout the country. This is the first time the U.S. has seen more than 1 million vehicles stolen since 2008, NICB reported. In 2008, 1.05 million vehicles were reported stolen in the U.S.
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Steve Hallo
Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]
