_   Roughly $6 billion was lost to motor vehicle theft in 2018, and the average dollar loss per theft was $8,407, according to the Insurance Information Institute (I.I.I.) and data from the FBI. Examining auto theft trends over the years, information from I.I.I. notes vehicle thefts have trended downwards since 1991, falling about 55% from 1.7 million thefts in 1991 to 773,139 in 2017. In 2018, motor vehicles were stolen at a rate of 228.9 per 100,000 people, totaling 748,841 vehicles, a 3.1% decrease from 2017. Despite this nearly 20-year trend of reduction in vehicle thefts, researchers warn that thieves are constantly finding new and more sophisticated means of stealing autos. Tactics include acquiring smart keys, which eliminated hot-wiring to steal cars, switching vehicle identification numbers, and using stolen identities to secure loans for expensive vehicles. Creating a new cause for concern, NICB data shows there were 229,339 vehicle thefts with keys or fobs left in the vehicles between January 1, 2016, and December 31, 2018 — a 56% increase from the 147,434 vehicles stolen in this manner between January 1, 2013, and December 31, 2015. The FBI's Uniform Crime Reports details motor vehicle thefts in 2018, and lists which states and cities experienced the most thefts that year. The FBI includes the theft or attempted theft of automobiles, trucks, buses, motorcycles, scooters, snowmobiles, and other vehicles in its definition of motor vehicle theft. In the slideshow above, discover the top 10 states with the most motor vehicle thefts in 2018. See also: |

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Danielle Ling

Danielle Ling is an experienced video journalist and business reporter. As associate editor, Danielle manages all multimedia and reports on industry news and risk-related coverage, managing all weather-related content. A University of Maryland and Philip Merrill College of Journalism alum, Danielle previously served as a video journalist for Verizon FiOS 1 News NJ, Push Pause. Connect with Danielle on LinkedIn or email her at [email protected].