Technology has made it simple for thieves to steal vehicles, often in only a minute or two. Simply sitting in front of your house, thieves can copy the signal your key fob emits and create their own key to drive away with your car.
The cost of vehicle theft in Canada is more than $1.5 billion a year, and without significant action, that number is expected to continue to grow. And that cost goes beyond just dollars and cents. When a car is stolen, it impacts more than your mobility and time. Stolen items, like wallets, mobile devices and car insurance can lead to identity theft. Also, paying a deductible and purchasing a new vehicle at higher interest rates can also impact your budget. To help combat this epidemic, CAA is providing drivers with tips to reduce the chances of their vehicle being stolen.