Sara Sam for Way.com

Could your car be costing you extra on insurance?

The NICB data shows that auto theft is down by 17% in 2024. That is a welcome trend, but if you are expecting a dip in insurance premiums with this, then you should rethink. Despite the improvement in numbers, insurance costs are on the rise. The answer would be a complex web of economic, legal, and geographical factors that go beyond the theft statistics, Way.com reports.

What Are the Current Car Theft Trends?

When looking at the 2024 car theft trends, there is a visible decline in the number of vehicles stolen from over 1,020,729 in 2023 to 850,758 in 2024. This is seen on a positive note with some states like Washington, Nevada, and Oregon showing a decrease in the theft rates from –32% to –30%.

Though the sta

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