Cadillac Escalade A Beacon For Thieves, Says Insurance Data

June 10th, 2010

If you plan to purchase a Cadillac Escalade, Ford F-250 Crew Cab, Infiniti G37, or Hemi Dodge Charger, you might want to check with your insurance agent first.

Why? Because these vehicles have the highest theft rates (from inside or vehicle itself) of all models to three years old.

According to the Highway Loss Data Institute (HLDI), the partner organization of the National Insurance Institute for Highway Safety (IIHS), which has its annual list of vehicles released from the highest theft losses, it is a significant difference, each of these vehicles have losses are three to five times higher than the average car.

The Cadillac Escalade is the aim, in fact. For six of the last seven years, the Escalade tops the list with an average loss of approximately seven times that of average passenger car. And especially for the Escalade EXT 4WD, insurers pay an average of $ 146 per year in theft losses ten times the average payout on all stolen vehicles. Now that’s a number that undoubtedly figures insurance.

One in four Escalade theft claims is $ 40,000 or more. Aboard theft deterrent (except possibly tracking devices) not so much substance, with a sophisticated, determined thieves often just load them in a bucket and drag them away. The Chevrolet Corvette Z06 is an expensive as the whole car is stolen, with a total of $ 41,229 on average. But HLDI ranks it far below the Hemi Dodge Charger, which, despite an average of $ 10,118 claim is stolen so often that it is the fourth largest loss.

Large luxury SUVs like the Escalade was the worst overall theft losses averaged $ 82 per year, while large pickups were the next highest at $ 57 per vehicle per year. Two-door small cars like the Smart Fortwo, were the lowest, but for $ 4 per insured vehicle year. It seems that both purchasers of small, fuel-efficient cars are very careful about leaving things in the eye, or that the thieves just look at the larger, more luxurious vehicle.

Family cars and vehicles with high fuel consumption figures are missing from the most targeted list, according to the Institute. “Thieves are after chrome, horsepower, and Hemis,” said senior VP HLDI Hazel Kim Baker in a release.

Big pickups are the group to watch, according to the HLDI, with a significant increased theft rates in 1999-2006 with the rise of the housing and construction. These trucks have been targeted because of the expensive tools or cargo they could carry, said Hazel Baker.

The Volvo S80, Saturn Vue and Nissan Murano were among the countries with the lowest average theft losses. And the Toyota Prius remains among the lowest in theft claims. Another surprise is the trendy Mini Cooper, while desirable, thieves tend to avoid it.

Click on the following page to the Highway Loss Data Institute show vehicles with the highest and lowest theft losses.

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