The Cadillac Escalade 2007-2009 model lead the road in terms of insurance theft losses, according to new data from the Highway Data Loss Institute.
Overall theft losses are a measure of the rate at which insurance claims are filed and the size of payment for these claims.
This is the sixth time out of seven that the Escalade, a luxury SUV, has topped the institute's list. The Escalade had average yearly losses more than seven times the average for all passenger vehicles. The Escalade EXT four-door, four–wheel-drive has the highest of all: $146 in theft payment per insured vehicle year. That's more than 10 times the average for all passenger vehicles.
The Escalade is followed by the Ford-F250 crew pickup, Infiniti G37 sport sedan, and Dodge Charger with a HEMI engine.
"Sedate family cars and fuel sippers aren't on the hot list," said Kim Hazelbaker, HLDI senior vice president. "Thieves are after chrome, horsepower and HEMIs."
Investing in Startups
The lucrative and risky world of startups.View Course »