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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 seriesModel yearsSize and typeRelative loss
Mitsubishi 3000GT 4WD1995-97Midsize sports car308
Porche 911 convertible1995-97Small sports car305
Toyota Supra1995-97Small sports car243
Mitsubishi Mirage1997Small two-door car224
Jaguar XJ series
4dr long wheelbase
1996-97Very large luxury car223
Note: 100 = average loss payment per insured vehicle year for 1995-97 passenger cars ($237)
Best overall collision losses
Make and seriesModel yearsSize and typeRelative loss
Buick Century1997Midsize four-door car47
Chevrolet Venture1997Large passenger van56
Oldsmobile Cutlass1997Midsize four-door car58
Chevrolet Astro 4WD1995-97Large passenger van60
Ford Crown Victoria1995-97Very large four-door car64
Note: 100 = average loss payment per insured vehicle year for 1995-97 passenger cars ($237)

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