FOR IMMEDIATE RELEASE
Santa Fe Springs, Calif. (February 9, 2023) – Premiere Services, the nation’s leading provider of onsite wheel & tire replacement services, catalytic converter theft restoration services, and mobile electronics replacement for insurance theft and vandalism claims, reports its Top 20 Wheel & Tire Theft Claim Markets of 2022, and the Top 10 Most Victimized Vehicles of 2022, by frequency for insurance-related claims.
Los Angeles/Orange County tops the list for the second consecutive quarter of 2022 followed closely behind by Baltimore/DC and Atlanta.
Top 20 Wheel & Tire Theft Markets of 2022
Los Angeles/Orange County has the distinction of also being ranked the #1 market for catalytic converter thefts in 2022.
Top 10 Most Victimized Vehicles for Wheel & Tire Thefts in 2022
Replacing wheels can quickly become a costly expense for any vehicle, but some, like late model Dodge Charger Hellcats, can run more than $10,000 for the set of four.
As the leading provider of insurance-based replacement services, Premiere Services tracks and reports insurance-related losses. For 2022, frequency across all markets combined was up 18% YTD, and has increased almost 90% since 2020.
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Year-to-date increase in frequency across all US markets0%
Increase since 2020“As we look at the claims we handle, these are not fancy custom wheels being stolen. Nearly 90 percent of the insurance claims we handle are for OEM wheels. The relatively high cost of the wheels and the ease of selling stolen wheels on the secondary markets has really contributed to a significant increase in theft.”
Chris Sestito
Premiere Services
Sestito says Premiere Services offers an onsite wheel & tire replacement service to insurers and their customers that reduces cycle time, manages costs, and boosts policyholder satisfaction. In addition, Premiere’s service eliminates not only the cost of flatbed tows, but the costs resulting from expensive additional damages that can occur while loading the wheel-less vehicle onto a truck bed.
“Our analysis indicates that through the reduction or elimination of costs across multiple line items, we mitigate insurers’ costs by $800-$1,000 per claim,” says Sestito.
About Premiere Services
Premiere Services offers a national service that handles theft and vandalism claims for all private passenger vehicles and the majority of commercial vehicles. Claims handlers can send an assignment to Premiere Services via CCCOne®, warm transfer phone call, email (claims@premiereservices.com), or through Premiere’s secure online quick claim portal found at https://premiereservices.com/quick-claim-form/. There are no setup fees, additional costs or IT integration needed.
Premiere Services has been exclusively serving the insurance claims industry for 30 years. The company was started after Mark Puente experienced a theft loss, and after the claims was finished, he felt “there had to be a better way”. That has been the guiding principle for the company since 1991.
For more information or to set up a demo, please contact Premiere Services at 800-479-9945 or via email at
demo@premiereservices.com.
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