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Theft auto : 2 % flights represent 21 % of the amounts paid

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6 September 2017, 07:00

According to the Authority of the financial markets, the situation of the theft auto as a whole improves. The regulator notes, however, that the planes are full, vehicles remain very costly for the industry.

In its annual Report on the financial institutions 2016, the Authority indicates that the number of flights full vehicle represents 1.9% of the total number of claims covered for the warranty accident without collision or overturning, but nearly 21 % of the amounts paid. The average cost of flights full of vehicles, after having increased during the last four years, decreases of 1.1% in 2016. «It is important to note that the average cost of flights full vehicle is the only one among the types of claims covered by the guarantee accident without collision or reversal that presents a decrease in 2016,» says the regulator.

Air partial, the average cost per claim has seen in 2016, an increase of 15.2 % compared to 2015. «Despite the fact that the average cost per claim of theft of complete vehicles is declining in 2016, the increase in the average cost per claim of theft partial, broken glass, damage caused by wind or hail and other damage makes it so that the average cost per claim warranty accident without collision or rollover experienced an increase of 2.1% in 2016. «

The Authority also indicates that since 2007, the frequency of flights partials decreased 63.2 %, and the full-flight vehicles of 71.8 %. Thus, in 2007, a little more than 21 400 vehicle thefts (robbery, theft partial and full-flight) have been recorded with the insurers for Quebec, for disbursements of more than 215 million dollars ($M), compared to more than 7 500 flights and disbursements of nearly$ 86 Million in 2016.

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