The Highway Loss Data Institute recently released theft loss results for passenger vehicles one to three years old. At the top for the highest rates of insurance theft claims are the Cadillac Escalade, Mitsubishi Lancer Evolution, and the Dodge Ram 1500 quad cab pickup.
These three vehicles have claim rates four to five times the average for all automobiles, said HLDI. Overall losses for pickups have increased sharply since 1999, mainly due to high theft claims for the Dodge Ram and Ford F-250/350. Losses for cars and SUVs, however, increased slightly in 2003 and 2004 but declined in 2005. The rate of theft of pickups in 2005 was nearly twice as high as for cars or SUVs.
According to HLDI, Escalade has topped the list of vehicles most likely to have a theft claim for the fourth consecutive year, even though this vehicle is equipped with a standard antitheft ignition immobilizer. The 2007 Escalades' antitheft systems have been upgraded. The Lancer Evolution is new this year to the list of vehicles with the highest theft losses. Investigators say this model may be attracting the attention of thieves because its parts can be used to customize standard Lancers.
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