You’re in the parking lot of a shopping center and you’re surrounded by a sea of shiny cars. Which one do you think it most likely to be stolen? The glistening silver sports car? The blue truck under the tree? How about the slightly dented mini-van? If you put your money on the truck, you’d be right.
According to the Highway Loss Data Institute (HLDI), the Ford F-250 is a favorite target for roadway thieves; it has the highest theft rate of any 2010-12 vehicle. After years at the top of the list, the Cadillac Escalade dropped to sixth place. The HLDI cites new anti-theft technology in the Escalade, along with its decline in popularity, as two likely reasons for this fall.
The Ford F-250 has a claim frequency that is nearly six times the average for all vehicles, reports the HLDI, though overall vehicle theft rates tend to be declining. Ignition immobilizers, which prevent cars from being hot-wired, are becoming standard in many vehicle models.
HLDI’s data do not differentiate between the theft of a vehicle’s contents and the theft of the whole vehicle, so the Ford F-250’s ranking could be the result of a significant number of thefts from the truck bed or theft of the truck’s parts.
HLDI’s data may differ from other theft rankings you may have seen, as their data pool reflects only the number of insured vehicles on the road.
Preventing vehicle theft
According to the National Highway Traffic and Safety Administration , 40-50% of vehicle theft is due to driver error, which includes leaving car doors unlocked and leaving keys in the ignition or on the seats. They recommend the following practices to help prevent vehicle theft:
- Always take your keys with you. Don’t leave them hidden in or around your vehicle.
- Make sure all of your doors and windows are locked when you park.
- Park in a well-lit area and in a garage, if possible.
- Never leave valuables in your car, especially not in plain sight.
- If you a drive a truck, consider investing in a lockable truck box or a bed cover that will help prevent theft from the truck bed.
Insurance coverage that could help
Comprehensive coverage could help pay for a replacement vehicle, but it won’t help you replace personal property that is stolen from your car. Does your car insurance policy include comprehensive coverage? If you are leasing a vehicle or making payments on one, your lien holder likely requires you to have comprehensive and collision coverage.
Insurance can be tricky to understand. There are different types of coverage, confusing terms, and even more confusing definitions. Thankfully, you can still find a low cost car insurance policy that includes the coverage you want. If you’re stumped by your insurance coverage choices, try out our Coverage Assistant . Let us help you find coverage options for you!