According to a news release issued Tuesday by the Highway Loss Data Institute, the Ford F-250 has replaced the Cadillac Escalade as the favorite target of thieves.
New antitheft technology on the Escalade, as well as its waning popularity, are two likely reasons the luxury SUV has fallen from first to sixth place in the ranking of vehicles with the highest rates of insurance claims for theft.
"General Motors has put a lot of effort into new antitheft technology, so that may help explain the decline in the Escalade's theft rate," says HLDI Vice President Matt Moore. "On the other hand, sales of the Escalade have fallen in recent years, so there may be less of a market for stolen Escalades or Escalade parts."
Thieves continue to target large pickups and large SUVs at higher rates than other vehicles. No. 1 on this year's list, the four-wheel-drive F-250 crew cab, has a claim frequency of 7 per 1,000 insured vehicle years, or nearly 6 times the average for all vehicles. An insured vehicle year is one vehicle insured for one year, two for six months, etc.
Theft rates in general are declining, thanks in large part to the spread of ignition immobilizers, which prevent vehicles from being hot-wired and were standard in 89 percent of 2012 models. Fewer pickups than cars or SUVs have the feature as standard, which may help explain the higher theft rates for pickups. However, it doesn't explain the high theft rate of the F-250, which had a standard immobilizer for 2010-12, the model years covered in this year's report.
Many pickup claims result from the theft of equipment from the truck bed, and that may be the case with some of the F-250 claims. HLDI's data don't distinguish theft of vehicle contents or components from theft of a whole vehicle.
Each year HLDI analyzes theft losses for vehicles from the three previous model years. This is the first year since 2003 that some version of the Escalade hasn't topped the list of vehicles with the highest theft claim rates.
What the media is saying
USA Today: Ford F-250 is the new favorite for thieves
Los Angeles Times: Ford's F-250 is No. 1 target for car thieves, report says
Detroit News: Thieves like Ford's F-250 truck best
Wall Street Journal: Is Your Car a Favorite Among Thieves?
Here is the HLDI's graphic showing the vehicles targeted the most -- and the least -- by thieves.
|INSURANCE THEFT CLAIMS, 2010-12 PASSENGER VEHICLES|
|HIGHEST CLAIM RATES|
|Ford F-250 crew 4WD||very large pickup||7.0||$7,060||$50|
|Chevrolet Silverado 1500 crew||large pickup||6.7||$5,463||$37|
|Chevrolet Avalanche 1500||very large SUV||6.1||$6,163||$38|
|GMC Sierra 1500 crew||large pickup||6.0||$6,366||$38|
|Ford F-350 crew 4WD||very large pickup||5.6||$7,517||$42|
|Cadillac Escalade 4WD||large luxury SUV||5.5||$6,508||$36|
|Chevrolet Suburban 1500||very large SUV||5.4||$4,468||$24|
|GMC Sierra 1500 extended cab||large pickup||4.7||$5,908||$28|
|GMC Yukon||large SUV||4.5||$6,276||$28|
|Chevrolet Tahoe||large SUV||4.4||$5,367||$23|
|LOWEST CLAIM RATES|
|Dodge Journey 4WD||midsize SUV||0.4||$5,016||$2|
|Volkswagen Tiguan 4WD||small SUV||0.4||$10,352||$4|
|Audi A4 4-door||midsize luxury car||0.4||$13,803||$5|
|Acura RDX||midsize luxury SUV||0.4||$8,701||$3|
|Toyota Matrix||small station wagon||0.4||$7,782||$3|
|Lexus HS 250 hybrid 4-door||midsize luxury car||0.4||$2,226||$1|
|Honda CR-V||small SUV||0.4||$4,630||$2|
|Hyundai Tucson 4WD||small SUV||0.4||$4,134||$2|
|Toyota Sienna 4WD||very large minivan||0.5||$13,038||$6|
|Jeep Compass 4WD||small SUV||0.5||$5,527||$3|
|AVERAGE ALL PASSENGER VEHICLES||1.2||$6,532||$8|
|Note: Claim frequencies are per 1,000 insured vehicle years; overall losses are average payments per insured vehicle year.|
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