Why Kia and Hyundai cars are not being insured?

Why Kia and Hyundai cars are not being insured?

Kia and Hyundai cars are not being insured by major insurance companies Some insurance providers are now dropping or declining coverage for specific Kia and Hyundai vehicles. Notably, major auto insurers such as Allstate, State Farm, and Progressive have chosen not to write policies for certain Kia and Hyundai models in certain cities.

“Indeed, some auto insurance companies are making decisions to drop or reject coverage for certain Kia and Hyundai vehicles, expressing concern about the high rates of vehicle theft associated with these models. Particularly, cars manufactured between 2011 and 2019 have become primary targets for thieves.

Hundai Logo

Multiple factors contribute to the elevated risk of theft for these vehicles. Their popularity among thieves, relatively easy-to-break-into ignition systems, and lack of advanced anti-theft features have all played a role.

As a consequence of these alarming theft rates, several auto insurers have taken the step of either dropping coverage or refusing to insure certain Kia and Hyundai models. This situation may pose challenges for owners seeking affordable insurance or lead to higher premium costs.

For those who own Kia or Hyundai vehicles considered high-risk for theft, implementing certain precautionary measures can help protect their cars:

1. Installing an alarm system
2. Using a steering wheel lock
3. Parking in well-lit areas
4. Avoiding leaving valuables inside the vehicle

Additionally, vehicle owners can explore potential insurance discounts offered by their insurance company for cars equipped with anti-theft features. Taking these preventive steps can significantly reduce the risk of theft and potentially improve insurance coverage for Kia and Hyundai owners.”

Recently, New York City filed a lawsuit against Hyundai and Kia due to an increase in car thefts involving these vehicles. The reason behind the surge in thefts is attributed to a security flaw in these particular models. They lack engine immobilizers, a standard safety feature found in most cars that prevents the engine from starting unless the key is present.

If you own a Kia or Hyundai, we want to hear from you. Have you encountered any difficulties with your car insurance coverage? Let us know by filling out the form mentioned in the link, and your response may be featured on a Channel 4 newscast.