IIHS releases list of cars with most expensive car insurance claims

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Those who bought a Jeep Wrangler chose wisely, as its one of the cars with the least expensive car insurance claims after accidents, according to IIHS data. Image from Wikimedia Commons.

The Insurance Institute for Highway Safety has released its annual survey of cars that are behind the most expensive car insurance claims, including both damage claims and injury claims. The most expensive car to fix is, unsurprisingly, a Ferrari, and the injury leaders are all subcompacts.

List of most expensive car insurance claims for damage is out

Despite being run by the insurance industry, the Insurance Institute for Highway Safety does a fair bit of research and testing that is incredibly beneficial to motorists. Their research aids efforts to stay safe on the road and pick the best car possible when shopping around for a new ride.

One thing to consider is which car isn’t going break the bank with insurance premiums and likewise, won’t cost an arm and a leg to fix if something does wrong. To wit, the IIHS, according to AutoGuide, has released its annual list of the cars that incur the most and least expensive car insurance claims in accidents, in conjunction with the Highway Loss Data Institute.

It’s a good thing to be aware of before one gets their automobile loan financing together.

Broken down by various categories

All cars listed were from the 2009, 2010 and 2011 model years and the data involved analysis of roughly 80 percent of all the insurance claims submitted in the U.S. The IIHS breaks down its lists of most and least expensive car insurance claims by various categories, such as cars with the most expensive claims overall, along with those with the most expensive claims with an MSRP under $30,000 and most frequent injury claims. Likewise, they also list the vehicles with the least expensive damage claims and least injury claims.

The cars with the lowest annual losses, according to Automobile magazine, were the Chevrolet Tahoe Hybrid and the Jeep Wrangler, with an average loss of $134. Other models with low average damage claims were the Toyota FJ Cruiser, GMC Canyon regular and extended cabs, the Jeep Wrangler Unlimited, the Smart ForTwo hardtop and convertible, the Chevrolet Colorado and Chrysler 200.

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The car with an MSRP under $30,000 that incurred the most losses was the Mitsubishi Lancer with all-wheel-drive, at an average loss of $707 per car, per year. It was followed by the Hyundai Genesis, Suzuki Kizashi, Mitsubishi Lancer without AWD, the Subaru Impreza WRX, the Mazda RX-8, Honda Civic Si Coupe, Nissan Altima coupe, Honda Civic coupe and the Civic Si Sedan.

The king of expensive insurance claims is the Ferrari California, topping the list at, according to Inside Line, average collision losses of $2,132 per insured vehicle, per year. Other loss leaders were all luxury and sports cars, such as the Porsche Panamera and the Maserati Quattroporte.

Most likely to result in injuries

The cars with the most car insurance claims for injury were almost all subcompacts. The leader in injury claims was the Toyota Yaris, followed by the Suzuki SX4 hatchback, the Chevrolet Aveo, Mitsibushi Galant, the Kia Rio, Nissan Versa, Hyundai Accent, Dodge Avenger, Nissan Sentra and Chevrolet Aveo hatchback.

Large trucks often did the most damage to other vehicles, according to AutoGuide, though the Mitsubishi Lancer and Mercury Mariner were both cited as frequent dealers of destruction. However, the car that does the least damage to other cars and causes the fewest injuries, oddly enough, was the Chevrolet Corvette.



Inside Line


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