Victoria Tops Australia for Car Theft Claims With $243 Million in Losses
"A car is stolen or broken into every 42 minutes in Victoria," Insurance Council of Australia CEO Andrew Hall said.
TL;DR
- Victoria recorded the highest car theft insurance claims in Australia, totaling $243 million last year.
- The number of claims in Victoria increased by 25 percent and costs surged by 37 percent compared to the previous year.
- Victoria's total insurance bill for car theft was higher than all other Australian states combined.
- Metropolitan Melbourne accounted for 10,400 claims worth $205 million, a 30 percent increase in volume and 42 percent in value.
- A car is stolen or broken into every 42 minutes in Victoria, according to the Insurance Council of Australia CEO.