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Key Facts. The National Insurance Crime Bureau (NICB) reported that over 1 million vehicles were stolen in 2023, a 1 percent increase over 2022. California and Texas had the most reported stolen vehicles. Kia and Hyundai vehicles experienced the highest theft rates in 2023, breaking the years-long trend of full-size pickups topping the list.
The countrywide average auto insurance expenditure increased 1.4 percent to $1,062 in 2021 from $1,046 in 2020, according to the National Association of Insurance Commissioners. In 2021 (the latest data available), the average expenditure was highest in New York ($1,511), followed by Louisiana ($1,500), and District of Columbia ($1,435).
Popular full-size pickups continue at the top of the list as the type of most stolen vehicle. The Hyundai Sonata and Hyundai Elantra are new to the top 10 list in 2022. If reported stolen in the first 24 hours, passenger vehicles had a 34 percent same-day recovery rate in 2022.
Facts + Statistics: Auto theft. Facts + Statistics: Aviation and drones. Facts + Statistics: Careers and employment. Facts + Statistics: Catastrophe bonds and other insurance-linked securities. Facts + Statistics: Commercial Lines. Facts + Statistics: Deer vehicle collisions.
Auto insurance fraud. Auto insurers lose at least $29 billion a year, according to a 2017 study by Verisk, to premium leakage, the "omitted or misstated underwriting information that leads to inaccurate rates."
Cars and car parts stolen in the United States often wind up on overseas markets, making recovery impossible. And, though armed auto theft represents a small percentage of the incidents, carjacking is a violent crime that can add a dire emotional toll and even bodily harm to the financial loss.
In 2021, 5.3 percent of insured homes had a claim, according to ISO. Property damage, including theft, accounted for 97.8 percent of homeowners insurance claims in 2022 (latest data available).
Those who believe that older vehicles are of no interest to thieves should think again. In 2005, the top five model years stolen were 1991, 1995, 1989, 1994 and 1997, respectively, according to The National Insurance Crime Bureau (NICB), which combats auto theft by investigating cases referred to it by insurers and through its online databases.
California, Texas, and Florida had the highest number of cybercrime victims. The Federal Trade Commission’s (FTC) Consumer Sentinel Network took in over 5.39 million reports in 2023, of which 48 percent were for fraud and 19 percent for identity theft.
1. NA= Data not available. (1) Law Enforcement Agencies may still be reporting thefts for 2023, and these numbers may change. Source: National Insurance Crime Bureau.