Home » News » 1998 » Article
HLDI News | June 23, 1998Subscribe

Utility vehicles have highest theft losses for 3rd year in a row; worst overall theft loss result is 23 times higher than average

ARLINGTON, Va. — For the third year in a row, the two passenger vehicles with the highest insurance losses for theft are the Toyota Land Cruiser and Mitsubishi Montero. Both are midsize four-wheel-drive utility vehicles. Losses for the Land Cruiser are more than 23 times
higher than the average car’s theft losses.

Eight of the 10 passenger vehicles (all 1995-97 models) with the worst overall theft losses are utility vehicles or luxury cars. These are the major findings of a new report from the Highway Loss Data Institute, an affiliate organization of the Insurance Institute for Highway Safety.

During the 1980-97 model years, declining frequencies of insurance theft claims were accompanied by increasing average loss payments per claim. Because these trends offset each other, overall theft losses have changed very little during the past 18 model years.

“The continuing decline in theft frequency is good news, and some of it is because of the sophisticated antitheft devices that are on more and more new cars,” HLDI Senior Vice President Kim Hazelbaker points out. “On the other hand, professional thieves are more likely to ship the cars they steal out of the country, which lessens the chances for recovery.”

Worst theft loss results
Overall theft losses, or relative average loss payments per insured vehicle year (100 = all-car average)
Toyota Land Cruiser 1995-97 model years midsize SUV 2,326
Mitsubishi Montero 1995-97 model years midsize SUV 1,087
Lexus GS 300 1995-97 model years midsize luxury car 1,002
Mercedes S class 4-door long wheelbase1 1995-97 model years very large luxury car 736
BMW 3 series two-door1 1995-97 model years midsize luxury car 619
Lexus LS 4002 1995-97 model years large luxury car 605
Lexus SC 300/400 1995-97 model years midsize luxury car 584
BMW 3 series convertible1 1995-97 model years midsize luxury car 450
Acura Integra two-door 1995-97 model years small car 410
Acura Integra four-door 1995-97 model years small car 367
Relative claim frequencies (100 = all-car average)
Jeep Wrangler 1997 model year small SUV 514
Suzuki Sidekick two-door 4x4 1995-97 model years small SUV 466
Toyota Land Cruiser 1995-97 model years midsize SUV 434
Geo Tracker two-door 1995-97 model years small SUV 430
Acura Integra two-door 1995-97 model years small car 374
Mitsubishi Montero 1995-97 model years midsize SUV 326
Acura Integra four-door 1995-97 model years small car 313
BMW 3 series two-door1 1995-97 model years midsize luxury car 234
Lexus GS 300 1995-97 model years midsize luxury car 225
Honda Accord two-door 1995-97 model years midsize car 211
Relative average loss payments per claim (100 = all-car average)
Mercedes S class 4-door long wheelbase1 1995-97 model years very large luxury car 676
Toyota Land Cruiser 1995-97 model years midsize SUV 536
Lexus LS 4002 1995-97 model years large luxury car 455
Lexus GS 300 1995-97 model years midsize luxury car 445
Lexus SC 300/400 1995-97 model years midsize luxury car 351
Mitsubishi Montero 1995-97 model years midsize SUV 333
Mercedes E class four-door1 1996-97 model years large luxury car 295
Lexus ES 300 1997 model year midsize car 280
BMW 3 series convertible1 1995-97 model years midsize luxury car 276
BMW 3 series two-door1 1995-97 model years midsize luxury car 264
1 All model years equipped with standard passive immobilizing antitheft devices
2 Only 1997 models equipped with standard passive immobilizing antitheft devices

Theft claim frequency and average loss payment per claim, by model year

Graph image

GRAPH VALUES Claim
frequency
Average loss
payment
1980 15.2 $1,121
1981 14.0 1,465
1982 14.0 1,535
1983 11.8 1,742
1984 10.9 1,831
1985 10.7 1,943
1986 9.9 1,958
1987 9.6 2,308
1988 8.2 2,458
1989 7.4 2,487
1990 6.7 2,608
1991 6.3 3,312
1992 5.2 3,815
1993 4.6 4,176
1994 4.5 4,693
1995 4.3 5,096
1996 3.7 5,984
1997 3.3 6,001
Note: Frequencies are per 1,000 insured vehicle years. Loss payments are in nominal, not constant, dollars. Results are based on 3 years exposure except 1996 (2 years) and 1997 (1 year).

©1996-2016, Insurance Institute for Highway Safety, Highway Loss Data Institute | www.iihs.org