Tag Archives: auto theft

Dodge Charger tops HLDI’s list of most likely to be stolen vehicles

The Dodge Charger HEMI and the Dodge Challenger SRT Hellcat are at the top of the Highway Loss Data Institute’s (HLDI) most-stolen vehicles list this year. Both cars have theft rates that are more than five times the average for 2016-18 models, with the same as the Infiniti Q50, a midsize luxury sedan.

HLDI released its most likely to be stolen list for 2016-2018 models today, and almost all 20 models with the highest theft rates either have big engines or are luxury vehicles or pickups.

At the top of the least stolen list is the two-wheel-drive BMW 3 series, a midsize luxury sedan. It had just one claim for whole-vehicle theft in 104,901 insured vehicle years (an insured vehicle year is one vehicle insured for one year).

The Tesla Model S and Model X are also on the least-stolen list. A 2018 HLDI report showed that electric vehicles from a variety of manufacturers have lower theft claim rates than comparable vehicles. Their low theft rate may be due to the fact that they are usually parked in garages or close to a house to be near a power supply.

The Cadillac Escalade, which previously dominated HLDI’s rankings of most-stolen vehicles, is notably absent from this year’s list. Part of the reason is that there are more large luxury SUVs for thieves to choose from but also because Cadillac added enhanced security features beginning with the 2015 model year.

“The models most likely to be stolen tend to be powerful, pricey or pickups, but vehicle theft is also a crime of opportunity,” says HLDI Senior Vice President Matt Moore. “Better security features on all vehicles would be the best way to address the problem.”

 

Auto theft projected to rise for the third consecutive year

The steady decline in auto thefts which started in 1991 is largely attributable to the rise of modern keys, fobs and ignitions, and the ubiquity of statewide anti-theft taskforces. But insurers are keeping an eye on the increase in auto thefts that occurred in 2015 and 2016 and which is projected to continue in 2017, according to a recent Risk Information newsletter.

Car owners have become complacent about theft, with 56 percent of Americans reporting that they rarely or never worry that their car will be stolen. In fact, car owners are getting so relaxed about theft that thousands of vehicles are stolen each year because keys or fobs are left in the vehicle, according to the National Insurance Crime Bureau.

Thieves are also constantly devising new and sophisticated means of stealing autos. Tactics include acquiring smart keys, switching vehicle identification numbers; and using stolen identities to secure loans for expensive vehicles.

Thieves also now have access to devices which search for signals from nearby wireless key fobs and use that signal to unlock and start cars. To counteract this trend a growing market has sprung up for boxes or pouches for key fobs especially designed to block radio transmissions. You can purchase one on Amazon.

The FBI estimates that the number of motor vehicle thefts increased 7.4 percent in 2016 over the prior year. Approximately $5.9 billion was lost nationwide to motor vehicle thefts in 2016 with the average dollar loss per stolen vehicle of $7,680.

The I.I.I. has Facts and Stats on auto theft here.