Families appreciating the luxury appointments and roominess of the Cadillac Escalade also know that their insurance premiums are rather costly compared to other large SUVs and family sedans. It’s not hard to figure out why, since it's been thieves’ top target for the past several years.
The latest data from the Highway Loss Data Institute (HLDI), an arm of the Insurance Institute for Highway Safety (IIHS) shows that all four models of the Cadillac Escalade are big targets for determined thieves, once again putting the large luxury SUV at the top of the list of most-stolen vehicles.
Despite the fact that the Escalade has an ignition immobilizer as standard equipment, that doesn’t stop professional thieves bent on taking the vehicle. They’ll simply flat-bed it away. This likely contributes to the statistic that the ute is more than six times as likely to be the target of thieves.
2009 Cadillac Escalade EXTEnlarge Photo
More bad news for the Escalade is that it has ten times the overall theft losses of the typical 2008 to 2010 model-year vehicle. Thieves will go after property inside regardless of ignition immobilizer. The worst offender in the Escalade lineup is the Escalade EXT, a version that incorporates a pickup bed. For every 1,000 EXTs insured for a full year, auto insurance companies experience some 14 claims for theft.
And the losses per claim for Escalade thefts are not a pretty figure, either, coming in at an average of $10,555 per theft. That boils down to $114 per Escalade, which gets passed right on to consumers in the form of insurance premium increases.
Other family vehicles on the most-stolen list include the Chrysler 300 and 300 HEMI, Chevrolet Avalanche 1500 and GMC Yukon.
It’s not all bad news from the HLDI report, however, especially if the family car or other car in the family is one of these vehicles with the lowest claim rates:
- Audi A6 4WD
- Mercury Mariner (2009-2010)
- Chevrolet Equinox (2010)
- Volkswagen CC (2009-2010)
- Chevrolet Equinox 4WD (2010)
- Lexus RX 350 (2010)
- Saturn Vue
- Chevrolet Aveo (2009-2010)
- BMW 5-Series 4WD
- MINI Cooper Clubman
For the complete report from HLDI, click here.
It’s also worth mentioning that while you can’t stop a determined thief from stealing your car, you can help cut down on property theft by not leaving valuables in plain sight inside of vehicles. Remember, it only takes seconds for thieves to enter your car, using various means, and make off with whatever you’ve left inside it. Another strategy is to use LoJack or OnStar or other stolen vehicle tracking and recovery services. The cost of the technology and/or annual subscription will be well worth it in recovery of your vehicle, should it become targeted by thieves.