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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 Cruiser1995-97 model yearsmidsize SUV2,326
Mitsubishi Montero1995-97 model yearsmidsize SUV1,087
Lexus GS 3001995-97 model yearsmidsize luxury car1,002
Mercedes S class 4-door long wheelbase11995-97 model yearsvery large luxury car736
BMW 3 series two-door11995-97 model yearsmidsize luxury car619
Lexus LS 40021995-97 model yearslarge luxury car605
Lexus SC 300/4001995-97 model yearsmidsize luxury car584
BMW 3 series convertible11995-97 model yearsmidsize luxury car450
Acura Integra two-door1995-97 model yearssmall car410
Acura Integra four-door1995-97 model yearssmall car367
Relative claim frequencies (100 = all-car average)
Jeep Wrangler1997 model yearsmall SUV514
Suzuki Sidekick two-door 4x41995-97 model yearssmall SUV466
Toyota Land Cruiser1995-97 model yearsmidsize SUV434
Geo Tracker two-door1995-97 model yearssmall SUV430
Acura Integra two-door1995-97 model yearssmall car374
Mitsubishi Montero1995-97 model yearsmidsize SUV326
Acura Integra four-door1995-97 model yearssmall car313
BMW 3 series two-door11995-97 model yearsmidsize luxury car234
Lexus GS 3001995-97 model yearsmidsize luxury car225
Honda Accord two-door1995-97 model yearsmidsize car211
Relative average loss payments per claim (100 = all-car average)
Mercedes S class 4-door long wheelbase11995-97 model yearsvery large luxury car676
Toyota Land Cruiser1995-97 model yearsmidsize SUV536
Lexus LS 40021995-97 model yearslarge luxury car455
Lexus GS 3001995-97 model yearsmidsize luxury car445
Lexus SC 300/4001995-97 model yearsmidsize luxury car351
Mitsubishi Montero1995-97 model yearsmidsize SUV333
Mercedes E class four-door11996-97 model yearslarge luxury car295
Lexus ES 3001997 model yearmidsize car280
BMW 3 series convertible11995-97 model yearsmidsize luxury car276
BMW 3 series two-door11995-97 model yearsmidsize luxury car264
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 VALUESClaim
frequency
Average loss
payment
198015.2$1,121
198114.01,465
198214.01,535
198311.81,742
198410.91,831
198510.71,943
19869.91,958
19879.62,308
19888.22,458
19897.42,487
19906.72,608
19916.33,312
19925.23,815
19934.64,176
19944.54,693
19954.35,096
19963.75,984
19973.36,001
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).

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