Top 10 Cars With Highest Insurance Claims

It might sound obvious, but the Highway Loss Data Institute revealed in a new study that sporty cars and expensive cars tend to have more crashes, and those accidents generally result in more expensive insurance claims. The HLDI, a non-profit research group affiliated with the Insurance Institute For Highway Safety, published a study based on insurance claims for 2009-2011 vehicles.

The HLDI data looks at two main metrics: the number of insurance claims per 100 insured vehicle years, which gives a normalized interpretation of how likely certain cars are to have an accident; and average loss payments per insured vehicle per year, which indicates how much insurance companies pay out to particular vehicles.

Unsurprisingly, the HLDI found that the ten vehicles with the highest average annual insurance payouts are sports cars and luxury cars. The car with the highest overall insurance losses was the Ferrari California, racking up 2.6 accidents per insured vehicle year -- at an average insurance payout of $2132 per insured vehicle annually. Even though the Ferrari California has few accidents overall, any damage to the car is usually very expensive to put right.

"Naturally, expensive cars cost more to fix, which is why they have such high collision losses," HLDI senior vice president Kim Hazelbaker said in a statement. "Meanwhile, cars marketed for their powerful engines tend to crash more often, a phenomenon partly explained by the type of drivers they attract and by the style of driving they lend themselves to."

The data prove Hazelbaker's point. The top ten 2009-2011 vehicles with the highest annual insurance losses were:

Vehicle Claim Frequency Average Overall Loss
Ferrari California 2.6 $2,132
Maserati Granturismo 7.7 $1,245
Porsche Panamera Turbo 7.0 $1,134
Mercedes-Benz S-Class Hybrid 11.2 $955
Maserati Quattroporte 8.1 $935
Nissan GT-R 6.1 $926
BMW M3 8.4 $866
Porsche 911 Turbo Cabriolet 3.5 $855
Lexus IS-F 10.0 $852
BMW 7-Series (LWB) 9.7 $755
 

Meanwhile, the ten cars with the lowest annual insurance losses were generally inexpensive vehicles that don't encourage sporty driving:

Vehicle Claim Frequency Average Overall Loss
Chevrolet Tahoe 6.6 $134
Jeep Wrangler 2.8 $134
Toyota FJ Cruiser 4.0 $148
GMC Canyon (ext. cab) 3.5 $154
GMC Canyon (reg. cab) 3.6 $154
Jeep Wrangler Unlimited 3.2 $157
Smart ForTwo 3.7 $160
Smart ForTwo convertible 3.6 $162
Chevrolet Colorado 4.1 $162
Chrysler 200 4.8 $162
 

The HLDI report also breaks out the ten cars under $30,000 with the highest insurance claims. They are almost all sporty performance cars -- the type of vehicle purchased by young, inexperienced drivers. "Once you take out the luxury models, the list of vehicles with the highest collision losses is dominated by high-performance cars and small cars," HLDI's Hazelbaker said. The cars with highest collision losses under $30,000 are:

Vehicle Claim Frequency Average Overall Loss
Mitsubishi Lancer 4WD 11.3 $707
Hyundai Genesis 10.8 $516
Suzuki Kizashi 9.5 $493
Mitsubishi Lancer 10.2 $485
Subaru Impreza WRX 9.9 $479
Mazda RX-8 9.6 $465
Honda Civic Si coupe 9.3 $442
Nissan Altima coupe 9.8 $430
Honda Civic coupe 9.1 $405
Honda Civic Si sedan 8.8 $402
 

The HLDI report also looks at personal-injury protection claims from insurance data. While most states have "no fault" injury insurance, the 17 states without such coverage allow the HLDI to infer how well certain types of vehicles protect occupants from injury in a crash. According to the agency, small cars have a much higher rate of personal injury protection claims -- which could be construed to mean those vehicles are less safe in an accident. The top ten 2009-2011 cars with the highest personal injury protection claim rate are:

Vehicle Claim Frequency
Toyota Yaris 28.5
Suzuki SX4 26.6
Chevrolet Aveo 26.0
Mitsubishi Galant 25.4
Kia Rio 24.9
Nissan Versa 24.6
Hyundai Accent 24.6
Dodge Avenger 23.7
Nissan Sentra 23.0
Chevrolet Aveo hatchback 22.3
 

"We know that in the real world, if all else is equal, a larger, heavier vehicle does a better job protecting occupants than a smaller, lighter one," Hazelbaker said in a statement. "These claim frequencies demonstrate that clearly."

What do you think of the data? Do the report's findings make sense? Were you surprised by the data for your own car? Let us know by way of the comments section below.

Source: HLDI

Vehicle Claim Frequency Average Overall Loss
Ferrari California 2.6 $2,132
Maserati Granturismo 7.7 $1,245
Porsche Panamera Turbo 7.0 $1,134
Mercedes-Benz S-Class Hybrid 11.2 $955
Maserati Quattroporte 8.1 $935
Nissan GT-R 6.1 $926
BMW M3 8.4 $866
Porsche 911 Turbo Cabriolet 3.5 $855
Lexus IS-F 10.0 $852
BMW 7-Series (LWB) 9.7 $755
Vehicle Claim Frequency Average Overall Loss
Chevrolet Tahoe 6.6 $134
Jeep Wrangler 2.8 $134
Toyota FJ Cruiser 4.0 $148
GMC Canyon (ext. cab) 3.5 $154
GMC Canyon (reg. cab) 3.6 $154
Jeep Wrangler Unlimited 3.2 $157
Smart ForTwo 3.7 $160
Smart ForTwo convertible 3.6 $162
Chevrolet Colorado 4.1 $162
Chrysler 200 4.8 $162
Vehicle Claim Frequency Average Overall Loss
Mitsubishi Lancer 4WD 11.3 $707
Hyundai Genesis 10.8 $516
Suzuki Kizashi 9.5 $493
Mitsubishi Lancer 10.2 $485
Subaru Impreza WRX 9.9 $479
Mazda RX-8 9.6 $465
Honda Civic Si coupe 9.3 $442
Nissan Altima coupe 9.8 $430
Honda Civic coupe 9.1 $405
Honda Civic Si sedan 8.8 $402
Vehicle Claim Frequency
Toyota Yaris 28.5
Suzuki SX4 26.6
Chevrolet Aveo 26.0
Mitsubishi Galant 25.4
Kia Rio 24.9
Nissan Versa 24.6
Hyundai Accent 24.6
Dodge Avenger 23.7
Nissan Sentra 23.0
Chevrolet Aveo hatchback 22.3
Ebony M Mackey
I love the Maserati. I see at least one of these cars every other day where I live in Sarasota,Fl. I love the Maserati GanTurismo model. The Maserati is a very elegant car. I will take this care over a Porsche Panamera any day.
JM
It would be good if the HLDI report gave the Personal Injury claim rates for all of the cars in the report as opposed to just the 10 best and 10 worst. For all other cars, they just give a number (where 100 is the average). This leaves out the actual numbers for a lot of cars that people are actually driving. It would be cool if you could get the numbers and post them. It seems that some high end sports cars get the best record when considering PIP. I wonder if they correct for the fact that many of these cars sit in garages all winter and probably most weekdays, and only hold 2 people. I imagine that limits the number of injury claims. Wouldn't you need to consider average miles driven on these cars, etc.? The report does seem to have useful information on relative comparisons, though.
Tobias
"The car with the highest overall insurance losses was the Ferrari California, racking up 2.6 accidents per insured vehicle year..." Umm, is that 2.6 accidents per HUNDRED insured vehcle years, or are Ferrari dealers truly inundated with California models requiring accident repairs several times each year?
Donnell Robinson
Love your magazine! Its first rate and it allowa a poor person such as myself to dream alittle! I was taught as a young man. That fullsize full frame cars are the safest to drive. I drive a 98 Towncar that i feel very safe driving! And have pretty much stuck with Ford fullsize cars. Crown Vic esp, i've owned 3 Vics and two Mark Viiis that were way ahead of their time! Plus from my exp. Small car drivers take more chances making dangerous maneuvers esp on the freeway! Plus i cant fit in nothing else but a Towncar, C-vic, Pick up or a Mack truck! 6'5 325!

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