Car thieves still prefer luxury
The Cadillac Escalade continues its reign as the most-stolen vehicle in the US, according to an annual study.
This post comes from Des Toups at partner site CarInsurance.com.
One out of every 100 of you will lose your car to a thief this year and -- if we can hazard a wild guess about your lives -- fans of $60,000 Cadillac SUVs probably don't have a bus pass.
The Insurance Institute for Highway Safety, an industry association that tracks these sorts of things, today released its 2011 list of most-stolen models, gauged by the frequency and size of their insurance claims. The 2008-2010 Escalade topped the list, stolen at a rate six times that of the average vehicle. The average claim against the owner's comprehensive coverage, the part that covers theft, was $10,555.
The Escalade has topped the IIHS list for a decade.
High-dollar pickup trucks dominate the rest of the top 10, despite the rise of anti-theft technologies such as engine immobilizers that prevent hot-wiring.
"Immobilizers are a good deterrent against joy-riding teenagers, but professional thieves can easily haul away an SUV on a flatbed truck," says Highway Loss Data Institute senior vice president Kim Hazelbaker. "A pickup that can't be driven away is still vulnerable to having tools and cargo snatched from its bed."
The list of least-targeted (or most-shunned, depending on your point of view) vehicles is topped by the Audi A6 luxury sedan and the Mercury Mariner, a now-defunct small SUV. Each has a claim frequency of 0.5 per 1,000 insured vehicle years; in comparison, the Escalade racks up 10.8 claims per 1,000 insured vehicle years. (See the list broken down by best and worst passenger and luxury cars as well.)
Highest claim rates overall
Cadillac Escalade (4 versions)
Ford F-250 crew 4WD
Chevrolet Silverado 1500 crew
Ford F-450 crew 4WD
GMC Sierra 1500 crew
Ford F-350 crew 4WD
Chevrolet Avalanche 1500
Chrysler 300 HEMI
Lowest claim rates overall
Audi A6 4WD
Mercury Mariner (2009-10)
Chevrolet Equinox (2010)
Volkswagen CC (2009-10)
Chevrolet Equinox 4WD (2010)
Lexus RX 350 (2010)
Chevrolet Aveo (2009-10)
BMW 5 series 4WD
Mini Cooper Clubman
All passenger vehicles
Post continues after video about the National Insurance Crime Bureau's list of most-stolen cars.
Affects your rates? Not that much
The IIHS says its list highlights the models specifically targeted by thieves because it compares the numbers of insured theft claims for a particular model against how many were sold. The National Insurance Crime Bureau's similar-sounding "Hot Wheels" list goes by raw numbers and is led perpetually by some kind of older, ubiquitous Honda or Toyota, the vast majority of which are not insured for theft.
We're not sure that ranking on either list is much of an honor, but it's also not necessarily a red flag for car buyers. Among the dozens of moving parts that make up your car insurance rate, theft isn't a particularly good indicator of how much you'll pay to insure one car versus another.
When we ran the numbers on rates for a 37-year-old driving an Escalade EXT in Fresno, Calif., (long a hotbed of car thievery) the comprehensive portion of the quotes ranged from just $132 to $440. Rather than shopping for a less theft-prone vehicle, Escalade owners are far better served by shopping for another insurance company: We found full-coverage quotes from $1,389 to $2,133 a year. (How does your vehicle compare on insurance rates?)
Comprehensive coverage just isn't a major factor; your own driving record and the specific model's collision history (Do they fall apart when tapped? Are they driven mostly by reckless teenagers?) are much bigger factors.
More on CarInsurance.com and MSN Money:
There was a study just published a month ago listing the "most stolen vehicles". The Escalade was near the top of that list, but the Camry and the Corolla, I believe were 1 and 2.
Which list should we believe? This must be very confusing to the car thieves.
Dem vehicles dat sho nuff be poppin' in ghetto neighbuhoods and in rap videos go' be da #1 stolen, ya mean?
Fo rizzle, nizzles.
And in areas with lots of filthy illegals, like all the trucks listed #2 and following.
Wow. Talk about trolling. Not a whole lotta Ford F-450 dually work trucks hangin' 'round the 'hood, sucka. Since racist13 is merely trying to incite a flaming war, I have nothing more to say about the comments of an unemployed, juvenile, short-penised Halo-addicted basement-dweller.
The vehicles in the top-10 are stolen for parts. I bet you will see a correlation between vehicles that are frequently involved in accidents but are not written off as total losses and vehicles that are specifically targeted for theft. Chop shops are "businesses" like any retail shop: They stock what sells. The top targeted vehicles are disproportionally driven by inattentive people - whether its the worker that runs into a pole with the Ford truck or the trophy wife texting her side-action boytoy while cruising through a red light in her Escalade.
They are all nigga drug dealer vehicles. They all have the big rims, DUB style, etc.
The other trucks likely are from Mexican illegals and construction.
The least common stolen are the definition of suburban white people too lol.
No surprise here.
I'm glad thieves don't like Porsche Targas.
Somebody should smoke me for reading this crap.
With the exception of stealing food, just line up all the shoplifters/thieves and plug em in the back of the head. Too extreme? Or we could just start creating jobs agian.
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
Occupy Wall Street bought and forgave the student loan debt of more than 2,700 Everest College students.
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'