SUVs and Trucks Top 2008 Most Stolen List

January 21, 2009

By Larry Wiezycki: Good news for Honda owners! Your Accords and Civics are no longer number one on car thieves’ wish lists. Insurance claim results from 2008 show the fuel efficient Japanese cars that once topped the list have now been replaced by gas-guzzling luxury SUVs and trucks.

And what perfect timing. With future uncertainty over gas prices that soared for part of 2008, an increasingly tough auto market, and more and more people upside-down in their car loans this is a great year to unload that big Escalade, somehow.  Wink, wink.

Maybe your house is in foreclosure… what better turn of luck than to find your Hummer H2 that you’ve been unable to sell, stolen?

It’s almost as if people should be THANKING the thieves for ‘stealing’ them.

What?! Is this to suggest that people are intentionally dumping these cars to collect the insurance money? Could people be so far in the black hole of debt that the only way out comes with a gas can and a match?

What else could explain this dramatic shift of car theft preference? Are we to believe that these models are so much more desirable THIS year than in past years?

Traditionally, cars topping the most stolen list are targeted for parts, chopped up, and shipped out. Forbes suggests this year the Escalade ESV and Hummer H2 are just ‘more appealing’ and are therefore bigger targets.

So either Detroit has really nailed the auto thief demographic, or people are just taking matters into their own hands!

Car: Claims Per 1,000/Average Loss Payment Per Claim

1.) 2007 Cadillac Escalade ESV: 15.0/$13,060
2.) 2005-2007 Ford F-250 SuperCrew: 13.1/$19,250
3.) 2007 Cadillac Escalade: 11.3/$14,657
4.) 2006-2007 Dodge Charger: 11/$7,047
5.) 2005-2007 Ford F-350 SuperCrew: 10.7/$20,138
6.) 2005-2007 Hummer H2 SUT: 10.0/$23,771
7.) 2005-2007 Dodge Magnum: 9.9/$8,926
8.) 2005-2007 Hummer H2: 8.7/$18,791
9.) 2005-2007 Dodge Durango: 8.1/$9,682
10.) Honda S2000 Convertible: 8.1/$13,624