Mitsubishi Car Theft Loss Experience
Note: Mitsubishi Montero (Sport) and Galant lines have high figures for theft. Montero line seems to have quite abnormal values for certain years.
The Insurance Institute for Highway Safety has the following data on Mitsubishi car owners' insurance experience rating.
All losses are stated in relative terms, with 100 representing the average injury, collision, or theft loss for all cars. For example, a result of 127 is 27 percent worse than average. A result of 92 is 8 percent better than average. The results also are adjusted to reduce distortions from two nonvehicle factors -- operator age and insurance deductible.
These results are generally good predictors of the experience of current versions of the same vehicle models. But when automakers substantially redesign their passenger vehicles, the experience of an earlier model with the same name (but not same design) may not predict the experience of the newer design.
Theft losses indicate the relative average loss payments per insured vehicle year filed under comprehensive coverages.
Relative average loss payments per insured vehicle year refer to the dollar total of collision payments for claims for a group of vehicles divided by the group's exposure (aggregate years the vehicles have been insured).
These usual suspects did badly on theftloss experience of auto insurers. Montero's figures were ampng the worst.
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(Last Updated: February 5, 2004.)