Aug 4 2010

Cadillac Escalade top target for thieves

The Highway Data Loss Institute has churned out its official list of vehicles with the highest and lowest insurance claims for theft. The study combines the rate of insurance claims per vehicle as well as the cost of those claims, helping companies that supply coverage determine exactly how much to charge us poor saps. The Cadillac Escalade took top honors this year with $146 in theft loss payments per insured vehicle, per year. On average, insurance companies pay out around $11,934 per theft claim when it comes to the Escalade with 10.8 of the SUVs stolen per 1,000 vehicles. That’s more than 10 times the theft rate of the vehicle with the lowest theft losses – the Volvo S80.

[Source: Highway Data Loss Institute]