General Information

The Cost of Vehicle Theft

By April 10, 2019 No Comments

What is Theft?

Motor vehicle theft is defined as the unlawful act of theft or attempted theft of a motor vehicle, including by not limited to: automobiles, trucks, motorcycles, scooters, and buses.

Facts About Vehicle Theft

The FBI reports there were an estimated 773,139 motor vehicle thefts nationwide in 2017. Roughly two-thirds of stolen vehicles are taken from public areas such as parking lots and streets. The remaining third are taken from private residences

Cost of Recovery

The cost of a new commercial vehicle is around $30,000+. The cost of parts and equipment stolen from vehicles can get into the tens of thousands of dollars. The cost of recovery and time spent is an unmeasurable hardship.

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