Victoria Tops Australia for Car Theft Claims With $243 Million in Losses

Victoria Tops Australia for Car Theft Claims With $243 Million in Losses Victoria has recorded the highest car theft insurance claims in Australia, with insurers paying out $243 million last year. The state saw a 25 percent increase in claim volume and a 37 percent surge in costs compared to the previous year. Metropolitan Melbourne experienced the brunt of this surge, with 10,400 claims totaling $205 million.

• 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.