Greenville, NC (WiredPRNews.com) A new report from the Highway Loss Data Institute (HLDI) indicates that the Escalade has retained its top spot as the 2008–2010 model with the highest rate of vehicle-theft claims in the United States. Insurance claims analyzed for the study include those related to the stealing of vehicle parts, vehicle contents and the vehicles themselves.
Thieves stole or stole from about one out of every 93 Escalades per year, according to HLDI. The average theft-claim rate for all vehicles was about one for every 588 vehicles—a rate that’s more than 80 percent lower than the Escalade’s.
But not all thefts are reflected in the rankings. The HLDI report included only 2008–2010 models and is based on the frequency and size of car insurance claims that are filed under the comprehensive portion of a policy, which is not required of every vehicle owner. So only thefts of cars with this type of coverage are considered.
To get a feel for how many cars have this type of protection, 2009 data made public by the North Carolina Rate Bureau (NCRB) indicates about 70 percent of the North Carolina auto insurance policies included comprehensive coverage.
The average premium for the comprehensive portion was a little under $100 in that state, according to NCRB statistics. Nationally, the average premium in 2008 was $133, according to the National Association of Insurance Commissioners.
According to the FBI, there were more than 794,000 vehicle thefts in 2009. That represented a decline of 17 percent from the year before. Between 2009 and 2010, vehicle thefts dropped again, by more than 7 percent.
General Motors has issued a statement saying that it has and continues to equip the Escalade with new anti-theft features in the hopes that its high theft rates can be curbed.
To learn more about this and other coverage issues, readers can go to http://www.onlineautoinsurance.com/north-carolina/ where visitors will have access to informative resource pages and a quote-comparison generator that can help shoppers evaluate coverage options quickly.