America's hottest auto-theft targets
This year's list, once again topped by the Cadillac Escalade, turns up the usual suspects: 'Chrome, horsepower and HEMIs.'
Carnappers like the Cadillac Escalade for the same reasons its owners do: Chrome, 400-plus horsepower and a sumptuous leather interior.
"Thieves are after chrome, horsepower, and HEMIs," says Kim Hazelbaker, the senior vice president of the Highway Loss Data Institute. "Sedate family cars and fuel sippers aren't on the hot list."
The hot list is the nonprofit's annual tally of theft-loss claims, which the Cadillac tops for the sixth time in the past seven years. One in every 100 Escalades is stolen, and one in every four Escalade thefts has a claim for $40,000 or more.
The Escalade has an antitheft ignition immobilizer that prevents it from being started without a special key. But Hazelbaker says thieves just haul the vehicle away on a flatbed truck. Thieves covet its fancy wheels and high-quality leather interior, both of which bolt right onto much cheaper SUVs and trucks.
The Escalade EXT four-wheel-drive has the highest theft losses of all, with $146 in theft payments per insured vehicle year -- more than 10 times the $14 average theft payments per year for all vehicles, the HLDI says. That drives the average insurance premium on some Escalade models to an astounding $2,000 a year or more, hundreds of dollars a year more than, say, a Lincoln Navigator, according to Insure.com's guide for 2010 models.
The HLDI's list of worst-claims offenders differs substantially from that published by the National Insurance Crime Bureau, which looks at overall numbers of thefts rather than taking into account the number of each vehicle insured. The Toyota Camry may be the most-stolen car, but only because it outnumbers everything else on the road.
Following the Escalade on HLDI's list are:
- Chevrolet Silverado
- Dodge Charger
- Chevrolet Avalanche
- Infiniti G37 coupe
- GMC Sierra Crew Cab
- Nissan Maxima
- Hummer H2
- GMC Yukon XL
- Chevrolet Tahoe
The Ford F-250, excluded from the list because it is considered a work truck, would have ranked second.
The group warns that thefts of pickups soared during the boom years (as much for the tools and cargo they carried as for the vehicles), and overall losses on pickups remain twice as big as those of cars and SUVs.
More from MSN Money and MSN Autos
Copyright © 2014 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.
ABOUT SMART SPENDING
LATEST BLOG POSTS
Your Easter celebration, from ham and eggs to spring clothes, will take a bigger toll on your wallet this year.
VIDEO ON MSN MONEY
BLOGS WE LIKE
MUST-SEE ON MSN
- Video: Easy DIY smoked meats at home
A charcuterie master shares his process for cold-smoking meat at home.
- Jetpacks about to go mainstream
- Weird things covered by home insurance
- Bing: 70 percent of adults report 'digital eye strain'