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HLDI News | February 24, 1998Subscribe

Sports, luxury cars have highest insurance collision losses; the losses are lowest for passenger vans, station wagons

ARLINGTON, Va. — Insurance losses for vehicle damage typically are highest, or worst, for sports cars and luxury cars. Passenger vans and station wagons typically have the lowest collision losses, says a new study by the Highway Loss Data Institute (HLDI).

Worst

The Mitsubishi 3000GT has the worst overall collision loss experience among 1995-97 model passenger vehicles. The 3000GT's average loss payment per insured vehicle year, which reflects both the frequency and size of collision claims, is 3 times higher than the average for all cars.

"For the third year in a row, a sports car has the highest overall vehicle damage, or collision, losses," Kim Hazelbaker, HLDI senior vice president, points out. Two other sports cars, the Porsche 911 convertible and the Toyota Supra, have the second- and third-highest average loss payments per insured vehicle year. Eleven of the 22 models with the worst collision results are luxury models, six are sports models, four are small two-door models, and one is a large passenger van. All of these vehicles are imports.

Best

The Buick Century has the best overall collision loss result — more than 50 percent lower than the result for all cars combined. The Chevrolet Venture has the second-lowest collision losses. Twelve of the 20 vehicles with the best overall collision loss results are passenger vans, two are station wagons, and six are four-door models. All but two are midsize or larger, and all are domestic models.

Vehicle size strongly influences collision losses. Claims for crash damage typically are more frequent for small cars than for large ones. Overall, small two-door models have the highest frequency of collision claims, and sports and luxury models have the highest average loss payments per claim.

Worst overall collision losses
Make and series Model years Size and type Relative loss
Mitsubishi 3000GT 4WD 1995-97 Midsize sports car 308
Porche 911 convertible 1995-97 Small sports car 305
Toyota Supra 1995-97 Small sports car 243
Mitsubishi Mirage 1997 Small two-door car 224
Jaguar XJ series
4dr long wheelbase
1996-97 Very large luxury car 223
Note: 100 = average loss payment per insured vehicle year for 1995-97 passenger cars ($237)
Best overall collision losses
Make and series Model years Size and type Relative loss
Buick Century 1997 Midsize four-door car 47
Chevrolet Venture 1997 Large passenger van 56
Oldsmobile Cutlass 1997 Midsize four-door car 58
Chevrolet Astro 4WD 1995-97 Large passenger van 60
Ford Crown Victoria 1995-97 Very large four-door car 64
Note: 100 = average loss payment per insured vehicle year for 1995-97 passenger cars ($237)

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