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Author: commonone 🐝🐝 HONORARY
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Number: of 41593 
Subject: Re: Are car insurence premiums rising ?
Date: 11/02/2024 8:45 AM
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hclasvegas: In fact, vehicle thefts jumped nearly 14% nationwide from 2020 to 2022, according to data by LendingTree and reporting by KOMO News.

According to Lending Tree vehicle thefts increased 17.4% between 2019 and 2021. That number looks bigger to me.

And according to the National Incident-Based Reporting System (NIBRS), in 2023 there were 1,020,729 stolen vehicles — up from 1,008,756 cars stolen in 2022, about a 1% increase.

In short, ZeroHedge is cherry picking data.

For example, according to FBI data, from 2022 to 2023 incident rates declined in the Midwest by 4.8% and the West by 7.3%.

Besides, when talking about crime statistics, it's always been pointed out here that vehicle thefts have not fallen in the same way other crimes have declined. We've never denied that.

Further complicating matters, from 2019 to 2023 more agencies began participating in the NIBRS so that the population covered by NIBRS reporting agencies increased by 79.7 percent.

One more thing: last I checked, this is the end of 2024, not 2022. But I guess by cherry-picking ZeroHedge could say there was a 14% increase (YIKES) instead of a 1% (MEH) increase in vehicle theft.

https://www.marketwatch.com/guides/insurance-servi....

https://www.fbi.gov/news/press-releases/fbi-releas....
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