IIHS has released the top 10 most stolen cars in 2008, and the list is much different than past years. Previously, the top 10 consisted of 10-year-old Honda Civics, but this is the year of the big trucks.
Car: Claims Per 1,000/Average Loss Payment Per Claim
10.) Honda S2000 Convertible: 8.1/$13,624
9.) 2005-2007 Dodge Durango: 8.1/$9,682
8.) 2005-2007 Hummer H2: 8.7/$18,791
7.) 2005-2007 Dodge Magnum: 9.9/$8,926
6.) 2005-2007 Hummer H2 SUT: 10.0/$23,771
5.) 2005-2007 Ford F-350 SuperCrew: 10.7/$20,138
4.) 2006-2007 Dodge Charger: 11/$7,047
3.) 2007 Cadillac Escalade: 11.3/$14,657
2.) 2005-2007 Ford F-250 SuperCrew: 13.1/$19,250
1.) 2007 Cadillac Escalade ESV: 15.0/$13,060
Looking at this list, what stands out the most is the large number of high value, big trucks like the Hummers, Escalades and Ford trucks. Normally vehicles are stolen to sell their parts overseas. Why would these vehicles be stolen when they’re not really sold overseas, or at least in any significant volume (except the Ford trucks)?
Perhaps people are committing insurance fraud by claiming that they’re stolen when they’re really just burned in a field or driven into a lake? That might just happen when you can’t afford the hefty car payment on a $60,000 Hummer or Escalade, or your home construction business is suffering and you can’t afford that heavy-duty pickup.
What do you think?
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