June 8, 2006
Cadillac Escalade and Mitsubishi Lancer Evolution top the list of highest insurance claims for theft
Arlington, Virginia – Versions of the 2003-05 Cadillac Escalade, Mitsubishi Lancer Evolution, and Dodge Ram 1500 quad cab pickup have the highest rates of insurance theft claims in the United States. The three vehicles have claim rates four to five times the average for all vehicles. These are the latest theft loss results for passenger vehicles one to three years old published by the Highway Loss Data Institute (HLDI), an affiliate of the Insurance Institute for Highway Safety.
Overall losses for pickups have increased sharply since 1999. This is mainly because of high theft claims for the Dodge Ram and Ford F-250/350. In contrast, losses for cars and SUVs increased slightly in 2003-04 but declined in 2005. The rate of theft of pickups in 2005 was nearly twice as high as for cars or SUVs.
This is the fourth year in a row that the Escalade has topped the list of vehicles most likely to have a theft claim. In fact, four versions of the Escalade (EXT, a specialty pickup, plus 2- and 4-wheel-drive versions of the short- and long-wheelbase Escalade SUVs) head the list of the worst overall insurance losses for theft among all passenger vehicles. The EXT has overall theft losses that are 16 times higher than the average.